We are pleased to announce the purchase of 41 Pekin St. by a first-time homeowner!  41 Pekin St is the first step in Smith Hill CDC’s revitalization of the Pekin St. Historical District.  This home-ownership opportunity was funded by The City of Providence, Rhode Island Housing and the RI Housing Resources Commission.  We could not be happier with this project, as it has taken one of the most deteriorated properties in the area and created a beautiful home.  Another great feature of this sale is that it has brought a friendly new family to the neighborhood!  Stay tuned for more information about the next phase of this work, Visions II!

Click here for more information about this project

Posted in Housing News, Smith Hill News | No Comments »

Smith Hill CDC is proud to co-sponsor a six-week home ownership class with the Housing Network at Capitol Square at Smith Hill, located at 231 Douglas Ave., Providence, beginning on Tuesday March 2.  Classes will run each Tuesday until April 6th.  These are classes are a requirement of most first-time home ownership financial assistance programs.  Learn everything from personal budgeting and cleaning up your credit, to the ins and outs of owning a home.  The price is only $50.  If you are interested, please call 521-1461 to reserve your spot now.  Space is limited.

Smith Hill Homebuyer’s Class 3/32/10

Posted in Collaborations, Housing News | No Comments »

The recently passed American Recovery and Reinvestment Act of 2009 has created a plan to help millions of homeowners refinance or modify their mortgages.

Refinancing: Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home. A Home Affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into a more affordable mortgage.

Modification: Many homeowners are struggling to make their monthly mortgage payments either because their interest rate has increased or they have less income. A Home Affordable Modification will provide them with mortgage payments they can afford.

Who is Eligible?

To learn more, please visit, http://www.financialstability.gov/. There is a tool to find if you are among the 7 to 9 million homeowners who can benefit from Making Home Affordable. Based on your results, the site will provide suggestions about what you can do next.

Posted in Housing News, Smith Hill News | No Comments »