Aspiring homeowners in Newark now have more resources available to help them achieve their dreams, thanks to a new partnership between My Home Pathway and Invest Newark. My Home Pathway, a leading provider of homebuyer education, has teamed up with Invest Newark, the city’s economic development corporation, to create clear pathways for Newark residents to become homeowners.
“In a city where 78% of our residents are renters, expert financial guidance is crucial in removing economic barriers to homeownership,” said Newark Mayor Ras J. Baraka. “The City is grateful to My Home Pathway and Invest Newark for helping residents understand how issues like credit scores can be remedied for mortgage approval. I encourage everyone who dreams of owning a home to take advantage of the programs available for financial empowerment.”
This new alliance will leverage the expertise of both organizations. My Home Pathway, with its understanding of diverse populations and homeownership challenges, will bridge the gap between aspiring homeowners and available homes in Newark.
“At My Home Pathway, we believe everyone deserves the chance to achieve the dream of homeownership,” said Castleigh Johnson, CEO of My Home Pathway. “This partnership with Invest Newark will provide essential resources and expand the pool of qualified buyers for Newark’s housing initiatives.”
Invest Newark aims to increase homeownership rates by developing homes on Newark Land Bank properties and ensuring more residents are ready for mortgage approval. The partnership will simplify the process for residents, helping pre-qualified individuals connect with lenders and navigate the journey to owning a home.
“Invest Newark is excited to collaborate with My Home Pathway to create more homeownership opportunities in our city,” said Gregory Good, Chief Real Estate Officer at Invest Newark. “My Home Pathway offers vital support during the mortgage approval process, ensuring potential homeowners have the tools they need. We’re proud to offer this new resource to Newark residents.”
Residents can access My Home Pathway services through the Newark Land Bank’s newly re-designed website, under the First-Time Homeowner Resources section.
This partnership is set to:
- Increase homeownership rates in Newark, empowering more residents with essential resources.
- Strengthen Newark’s housing market through an influx of qualified buyers.
- Foster stronger, more vibrant communities by promoting stable homeownership.
