KANSAS HOUSING, CITY OF MOUNDRIDGE CELEBRATE NATIONAL HOMEOWNERSHIP MONTH

MOUNDRIDGE, KS – June 26, 2013 – (RealEstateRama) — In honor of National Homeownership Month, officials from Kansas Housing Resources Corporation (KHRC), the City of Moundridge, the Citizens State Bank and the Moundridge Chamber of Commerce celebrated Michelle and Brian Adolf’s entry into the homeownership market. The couple utilized the First Time Homebuyer Program to purchase a home earlier this year in Moundridge.

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“Governor Brownback recognizes the important role homeownership plays in creating healthy communities, fostering prosperity for families and strengthening the economy,” said Dennis L. Mesa, KHRC’s Executive Director. “We wish Brian and Michelle, along with their four children – Maggy, Kepple, Colter and Maryn, many years of fond memories in their new home,” said Mesa.

View Governor’s Proclamation here.

Presenting Michelle with a bouquet of Sunflowers, the official state flower of Kansas, Gary W. Fisher, Mayor of Moundridge, said housing is one of his community’s top issues. “For towns like us, any help, such as the First Time Homebuyer Program, that assists families in purchasing a home is beneficial for both the city and schools. It’s really a win-win situation,” said Mayor Fisher.

Brian Adolf, a 32-year-old truss designer for ProBuild in Valley Center said he and his wife rented eight years before buying their home. “We’re so blessed to finally have a place of our own. Our new house is bigger, which allows us to enjoy life as a family, but also gives the kids a chance to spread out.”
Michelle Adolf works at Mount Hope Sanctuary, a non-profit organization in McPherson that provides transitional housing and support services to single women and their children. “From the first night, this house felt like home. Everything we want is right here,” said Adolf. “It’s good to know this home is our family’s forever place.”

Over the past year, KHRC has allocated over $2.5 million to help 179 Kansas families become new homeowners. Over the last 10 years, the corporation assisted nearly 2000 families with over $27 million in down payment assistance. Income-eligible households that have not owned a home in the past three years may apply for the First Time Homebuyer Program. Approved applicants receive a soft loan that is forgiven over time. The loan may range from 15 to 20 percent of the home’s purchase price, depending on the buyer’s amount of income.

Liz Johnson, Executive Director for the Moundridge Chamber of Commerce, also attended this year’s homeownership celebration. Johnson says homeownership plays an important role in the local economy and encourages residents to take pride in their community. “Pride in a community is equal to support for that community,” said Johnson. “For the chamber, supporting the idea of homeownership and the growth of community businesses go hand in hand.”

Lori Frazer with The Citizens State Bank served as Brian and Michelle’s loan officer. Frazer thinks the First Time Homebuyer Program fills a great need. “It’s such a great experience to help a young family purchase their first home with free money for down payment assistance,” said Frazer. “I’m glad the Adolf’s chose Moundridge to be their home.”

To celebrate National Homeownership Month, the Adolf family opted to plant a pink double-knockout rose bush. Planting services were provided free of charge by Smoky Valley Nursery in McPherson.

Kansas Housing Resources Corporation is a public corporation that finances and develops affordable housing opportunities for low and moderate-income individuals and families. For more information about the First Time Homebuyer Program and other housing-related programs administered by KHRC, visit www.kshousingcorp.org.

Contact:
Catherine Couch
785-296-0081, ccouch (at) kshousingcorp (dot) org

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The Kansas Housing Resources Corporation (KHRC) was formed pursuant to K.S.A. 74-8904(v) per the Governor's Executive Reorganization Order (ERO) # 30.  KHRC is a subsidiary corporation of the Kansas Development Finance Authority. 

The Kansas Housing Resources Corporation mission is to enhance Kansas communities with housing opportunities. This goal is achieved through using a variety of strategies and approaches, including increasing homeownership opportunities, leveraging the construction of more affordable rental housing, preserving existing housing through rehabilitation, promoting energy efficiency improvements for owner-occupied and rental housing, providing affordable housing through rent assistance to low-income families and senior citizens, and creating housing opportunities for previously underserved persons and communities.

Contact:

Kansas Housing Resources Corporation
611 South Kansas Avenue, Suite 300
Topeka, Kansas 66603-3803
Phone: (785) 296-5865
Fax: (785) 296-8985

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