My Home Pathway, Invest Newark Join Forces to Boost Homeownership in Newark

NEWARK, N.J. - Oct. 17, 2024 - PRLog -- Aspiring homebuyers in Newark who lack necessary resources now have new opportunities to achieve their homeownership dreams.

My Home Pathway, a leading provider of homebuyer education and resources, and Invest Newark, the city's economic development corporation, are thrilled to announce a strategic partnership that will unlock new pathways to homeownership for Newark residents.

"In a city where 78 percent of our residents are renters, expert financial guidance is key to removing imposed or imagined economic barriers to homeownership," says Newark Mayor Ras J. Baraka. "The City is grateful to My Home Pathway and Invest Newark for shepherding residents to an understanding of how obstacles like credit scores and other conditions can be remedied and corrected for mortgage approval."

This strategic alliance leverages the strengths of both organizations. With a deep understanding of diverse populations and their homeownership needs, My Home Pathway will bridge the gap between interested individuals and available homes in Newark.

"At My Home Pathway, we believe everyone deserves the opportunity to achieve the dream of homeownership," says Castleigh Johnson, CEO at My Home Pathway. "Through this partnership with Invest Newark, we'll not only connect aspiring homeowners with crucial resources and information, but also expand the pool of qualified buyers for Invest Newark's exciting housing initiatives."

Recognizing Invest Newark's high demand for qualified homebuyers, My Home Pathway will act as a trusted conduit, directing pre-qualified individuals to lending partners and streamlining the homeownership journey.

"Invest Newark is pleased to be working with My Home Pathway to open more doors for homeownership in our city," said Gregory Good, Chief Real Estate Officer & Director of Asset Management at Invest Newark. "My Home Pathway provides potential homeowners support during a crucial piece of their journey to home ownership - the mortgage approval process."

Residents can sign up for My Home Pathway (https://www.myhomepathway.com/) services via a link on the Newark Land Bank's recently re-designed Newark Land Bank website (https://landbank.investnewark.org/), under the First Time Homeowner Resources (https://landbank.investnewark.org/first-time-home-buyers) link.

This partnership is poised to:

• Increase homeownership rates in Newark: By providing clear pathways and resources, My Home Pathway and Invest Newark will empower more residents to achieve homeownership.
• Boost Newark's housing market: An influx of qualified buyers will contribute to the revitalization of Newark's neighborhoods and strengthen its housing market.
• Build stronger communities: Stable homeownership fosters safer, more vibrant communities, contributing to Newark's overall growth and prosperity.

About My Home Pathway

My Home Pathway is a comprehensive platform empowering individuals on their journey to homeownership. We connect aspiring homeowners with relevant housing resources, provide personalized guidance, and facilitate seamless connections with lending partners.

For more information about the partnership, please contact: Castleigh Johnson at castleigh@myhomepathway.com