Gulf Coast Renaissance Corp. marks 500 home closings - WLOX.com - The News for South Mississippi

Gulf Coast Renaissance Corp. marks 500 home closings

GULFPORT, MS (WLOX) -

GULFPORT, MS (WLOX) - Gulf Coast Renaissance Corp. officials announced Thursday that the affordable workforce-housing nonprofit has closed more than 500 home sales since its founding in 2006.

Their two programs, REACH Mississippi and MyHome MyCoast have provided closing and down-payment grants, mortgage assistance and home ownership counseling services for residents of the six coastal counties of Mississippi.

John Clay closed on his home in Big Point, located near Hurley, on April 20. The Jackson County native said a family member informed him about the program.

"I did everything that MyHome MyCoast said to do and the next thing you know, they told me to get a lender," Clay remembered. "It was very easy, and I was very surprised."

One of the most important benefits of the program for Clay was that MyHome MyCoast allowed him to buy a home in an area that offered the school system of his choice. The father of five boys, ages 10 to 2, said his new home "means I have a place to raise my children. It is a blessing."

Last month, Renaissance announced that the nonprofit generated $41 million in home sales through the MyHome MyCoast program in just one year of operation.

MyHome MyCoast is currently focusing on completing applications from its launch; however, funding will soon be made available for more than 200 additional closings.

Renaissance Corp. will soon unveil plans for a modified version of the program to allow more South Mississippi residents the ability to attain the dream of home ownership.

Copyright 2010 WLOX. All rights reserved.

Powered by Frankly