We work to establish quality, affordable housing for home buyers, renters and those
who seek help in budgeting and increasing their credit scores through financial literacy.
Study after study has shown that homeownership is a key to increasing overall community stability. And it starts with just one homeowner. Think about it: A family purchases a quality home on a distressed block. Besides starting to generate personal wealth by becoming a homeowner, that family now has an investment to protect.
We experienced a good amount of success early on in adding lower-income homeowners to our neighborhoods. In 2008, the housing crisis made it at first harder to add homeowners to our neighborhood, then effectively impossible. In response, Metanoia’s board- a majority of whom are neighborhood residents- elected to consider quality affordable rental.
For most people, a home is a leading family asset. But for many elderly, sick or low-income working community members in our region, their homes become unsafe liabilities- possibly through water damage, bad insulation, wiring problems, or a multitude of other expensive-to-fix home problems. We are stewards of the City of North Charleston’s Owner Occupied Repair program.