NEW HAVEN, Conn. (WTNH) — Mother of three Kym McKoy says she can now buy her dream home thanks to the Wells Fargo HomeLift down payment program.
The historic home on New Haven’s Lilac Street has three bedrooms and two bathrooms, and is complete with a backyard.
“It was extremely important for my kids to be able to play and have their own yard to play in,” said McKoy. “It’s really their home. I did the work and I put a lot of the effort in, but it’s really their home.”
It’s a piece of her legacy and it’s partly thanks to the Wells Fargo Home Lift down payment program. City leaders announced Wednesday that anyone in a certain income level looking to buy in East Haven, New Haven, and West Haven could apply for a $15,000 grant. Plus, you can use your own bank for your mortgage.
“People should always shop around to make sure they get the best deal,” said Jim Paley, Executive Director of Neighborhood Housing Services. They’re helping divvy out the money, and say even if you don’t qualify for this program, there’s more help out there.
“Our courses run the gamut from pre-purchase education to actual hands-on, do-it-yourself management projects,” said Paley.
It’s done so other parents like McKoy can show off their new digs.
“When you’ve lived with three boys, you know the importance of having your own bathroom,” said McKoy.
She says the most important thing was that she bought in Newhallville, where she grew up as a little girl.
“I felt that I owed my neighborhood and my community and sense of paying forward, giving back,” said McKoy.
A workshop on the program will be held in New Haven on August 28 and 29.
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