Creating Intergenerational Wealth Through Homeownership

Homeownership is the American dream, and here at NPHS we offer many resources to help make that dream become a reality. Homeownership is a big step in life and also one of the largest investments and can lead to improved financial wellness and sustainability down the line. One of the big advantages of owning a home is an increase of intergenerational wealth, and increasing the financial security of your future. Imagine a young family that has just enough cash saved up to get a mortgage. As they build equity in their home over the years, they can borrow against that wealth to weather financial emergencies—a car breakdown, a medical crisis, or whatever it may be. By the time their child is ready to go to college, they can afford to send them off—likely adding hundreds of thousands of dollars to their lifetime earnings and launching them into an adult life debt-free.

Opportunity Down Payment Assistance Program

NPHS’ Opportunity Down Payment Assistance Program provides up to $25,000 in the form of down payment and closing cost assistance to be used towards the purchase of a home within Riverside, San Bernardino and Eastern Los Angeles Counties. The program is intended for low-to-moderate income first-time home buyers (80% AMI and below) who can afford monthly mortgage payments but do not have quite enough saved to pay the initial down payment and non-reoccurring closing costs to purchase a home. Funds are available on a first come, first served basis.
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