De’Mon Gardner signed his closing papers this week and became the 20th new homeowner through our Newberry affordable homeownership program. “I knew I wanted to become a homeowner when my son was born a year ago,” said De’Mon, 28, who works as a machine operator in Eastern Market. “I want to have something of value that I can leave for him.” De’Mon had been renting the house before. His monthly rental payments were $678. His mortgage payments now, with taxes and insurance included, are $471 for the 15-year home loan.
De’Mon’s mother Tarita closed on her Newberry home last month after having rented it for a dozen years. “I basically grew up in this neighborhood, and I really like the direction it is going in as more people become homeowners,” De’Mon said.
Just after De’Mon closed, Allison Rutledge signed her mortgage papers, becoming the 21st Newberry homeowner. Allison had been renting the house for 8 years. She works at the DMC as a medical assistant and has two young boys. “I want my kids to have a better life than me,” Allison said. “I want them to establish good credit as early as possible so they can invest in their futures. Buying this home will help me gain wealth so I can help them.”
Southwest Solutions is transitioning 60 former rental properties in Newberry to affordable homeownership. Newberry is an 8-block area in Chadsey-Condon in southwest Detroit. The Newberry program is supported through a generous donation from the Sam L. and Judith G. Yaker Fund.
Home Builders Association of Southeastern Michigan, an association of home builders and remodelers, awarded grant funds to Southwest Solutions that were used to make needed repairs on De’Mon’s home.