GREENSBORO, N.C. – Lisa McMillan became a homeowner in August and makes it clear that it has been a blessing.
“When I moved here, I was in a house that I was paying $1,250 a month for and here my mortgage for the house is $270,” McMillan said.
As a single mother, saving almost $1,000 month gave her the financial break she needed.
“A year ago, I was looking at homelessness because I could not find an affordable place to live,” she said.
McMillan was given the opportunity to experience affordable housing through a revitalization program with the City of Greensboro.
The city’s housing department has worked to rehab homes and offer them to low income and moderate income homebuyers at affordable prices.
McMillan’s home is located in the Ole Asheboro Neighborhood where revitalization efforts have been happening for more than a decade.
Neighborhood leaders say they are beginning to see the fruits of that labor.
Currently, the City of Greensboro has a two bedroom, one bathroom rehabbed house for sale at 1115 Bellevue Street for $42,000.
“Very affordable in this neighborhood or any neighborhood actually. It’s helping to encourage people to come in,” said Carl Brower, vice president of the Ole Asheboro Street Neighborhood Association.
“It’s something that we’ve really been promoting for a very long time, home ownership,” said Sharon Hightower, Greensboro City Councilwoman for district I.
“It really adds stability to a neighborhood and this will definitely impact districts one and two and east Greensboro significantly,” she added.
There is an open house for the home at 1115 Bellevue Street November 4 from 11 a.m. to 6 p.m.
Potential owners will need to meet certain income criteria to qualify.