Claudia Altemus and Steve Abbott
Claudia Altemus and Steve Abbott moved from apartment to apartment – five times in 12 years – with their two young sons, as rent prices continued to rise. Each new apartment meant settling down again, making it homey and livable for their family. Steve worked in social services and Claudia is a musician and has worked part-time elsewhere. She home schools their childrem, so keeping up with increasing rents was often challenging.
Then Claudia attended an information session at CATCH’s Home Buyer Education Center. Recalling that first session, Claudia says, “I cried when I left. For the first time, I wondered if the possibility did exist that we could own a home.”
For the next two years, Claudia and Steve put all their energy and effort into their dream. They completed Home Buyer Education Classes, met one-on-one with a CATCH housing counselor, improved their credit scores, set a strategy to increase their income and saved down payment money through CATCH’s IDA program.
Claudia and Steven then bought their first home through the Homes Downtown inititiave. In purchasing though Homes Downtown, Claudia and Steve will earn equity on their home and if they sell the home in the future, they agree to sell at a below market price. This preserves the affordability of the home for the next family. Claudia sees this as a contribution to the family. “If we can help the next family who never thought they could own a home to buy, so much the better.”
”The comprehensiveness of CATCH’s programs is what did it for us,” Steve comments. “Any one thing alone – the education, IDA program, or the Homes Downtown program – would not have been enough. Our housing counseling at CATCH literally walked us through the whole process, step by step and that was invaluable.”
Claudia says, “Shelter is the most basic human right after food. We own a home now, and this is something we never thought could happen. It is not a small thing that CATCH helped us do…owning a home has made a huge difference in our lives.”
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