At Acts, we’re not just talking about determination; we’re celebrating it. It’s that unwavering commitment to achieving goals, even in the face of challenges that defines the families that work with Acts Housing.
Take the remarkable Melody Jones, a member of the Acts family and a first-time homebuyer. Armed with determination that could move mountains, Melody faced the hurdle of low credit and some lingering debt. Yet, undeterred, she set her sights on the property she had called home for the past fifteen years, determined to transform her status from renter to homeowner.
For Acts families, determination isn’t just a word; it’s a force that propels our families toward a more secure future. Melody’s story is a testament to the incredible strength that lies within our community, turning challenges into stepping stones on the path to homeownership.
Melody Jones went from paying $1,130 in rent to only paying $451 a month for her mortgage, in the home she’s lived and raised her children in for the past fifteen years. Her home was a part of a unique partnership between the City of Milwaukee, Wisconsin Economic Development Authority (WHEDA), Urban league, Gorman & Company and Acts Housing. The home was built with tax credits funds provided through WHEDA and the City of Milwaukee. As part of the tax credit award Gorman & Company committed to create permanent affordable purchase opportunities for tenants.
Melody recalls the possibility when she first moved in— this place could be hers to own. However, before diving into the journey of homeownership, she recognized the need to conquer some financial milestones first.
In her pursuit of homeownership, Melody partnered with Acts’ Homebuyer coach, Tony Bell. Together, they focused on increasing her credit score and learning about good financial habits.
Melody didn’t stop there; she also became part of an Acts Housing Power Pack cohort. Launched in 2022 as a direct response to insights from the African American Task Force, these Power Packs address the crucial need for community support and accountability for families who need at least one year of financial preparation to become homeowners.
Gathering once a month for a 90-minute session, Melody and her fellow cohort members strengthened their financial capabilities, learning how to improve their credit and get on the path towards homeownership. What’s even more rewarding? Those committed to attending every workshop stand to earn up to $1,200—either to pay off debt or contribute to their down payment.
Reflecting on her experience, from goal setting and credit restoration to mastering money management and safeguarding her future home investment, Melody found the Power Pack to be an invaluable resource on her journey to financial empowerment.
“There were times I wanted to give up, it was a lot of paperwork and I felt like it was a never ending process. It was exhausting at times. And there was a lot I had to sacrifice.”
Although she felt discouraged at times, Melody was determined to achieve her goal, and with the support of Acts Housing and US Bank- she was able to close on her home on July 31st.