Our Program Explained
HERE’S HOW IT WORKS
- Edison Initiatives acquires a house.
- Renovation Team readies the house
- Candidate Selection Team selects a potential homeowner for the lease-to-own program.
- Equipping Team helps the candidate achieve home ownership readiness.
- Candidate qualifies and is ready to close with a standard mortgage within 5 years.
- Edison Initiatives provides significant funding from past lease payments to candidate towards home purchase.
Application
We expect to have our next home available to a new family Summer of 2025. It will be a fully remodeled 4 bedroom 3 bath house for our next family in the Edison Neighborhood.
If you woul like to be considered please complete our initial application. If invited intot the 2nd stage in the process you will be asked to complete the full future homeowner application.
Application Step 1 Future Homeowner- Pre-qualification Questionaire
Application Step 2 – Edison Initiatives – Future Homeowner Application
Application Contents
- Finances
- Credit report
- Income
- Motivation for ownership
- Employment
- Transportation
- Family size
- House size
- History of Rental
- Background of Candidate and supports needed
- Connections Leader
- Legal aspect reviewed
- Openness to relationship / regular check-ins
Summary of our Past and Current Projects
In September 2023 Edison Initiatives completed it’s first project thank to the many volunteers. It is currently biing occupied by a new homeowner.
Our project at 1320 E Vine St. It is currently being occupied by a new homeowner .
Our next project will be 1109 Hayes Park Ave. Volunteers are welcome.
