NeighborNews Archive
Combating Predatory Lending
Payday and auto title loans are short-term, high-interest loans, usually for small amounts but with a very high price tag. These risky loans come with high-interest rates and hefty fees. For example, for a $1000 loan due in a month, the average borrower pays $775...
Closing the Wealth Gap
Delisa Burnell-Smith, Vice President & COO A dream that many of us have is homeownership. Being a homeowner adds a sense of pride, financial success, equity building, long-term savings, and a strong credit history. And the overall result leads to generational...
Homebuyer Spotlight: Melissa Washington
Q&A with Melissa Washington, Homebuyer in the Legacy Square Development Melissa Washington What barriers did you have prior to working with NeighborWorks that inhibited you from buying your home? I was very fortunate to begin my financial journey through a...
Executive Insight
The Housing Crisis Continues! Not only have we seen record increases in housing costs over the past year, but now the interest rates have increased to a point where the combination of housing purchase prices and housing financing rates have put homeownership out of...
Letter from Linda Weaver, Board Chair
Linda Weaver, NeighborWorks Waco Board Chair I am honored that in the fall of 2022, NeighborWorks Waco (NWW) completed the Legacy Square home development project on the historical location of the former R L Smith Campus in East Waco. Serving on the NeighborWorks...
Testimonial: Tyrasia Brightmon
Tyrasia Brightmon and her daughters are ready to move into their own home. Ms. Brightmon worked diligently to budget, save, and increase her credit score to prepare for homeownership. With the help and guidance of NeighborWorks Waco, the Waco Lift program, and mentors, she and her daughters have a home to call their own.
Build Credit with Project SAVER
One of the challenges that most frequently plagues first-time homebuyers is credit. Some families have a lack of credit history; others have a low credit score. This hurdle can mean the difference in a family owning a safe and stable home, being involved in their...
Special Speaker
One of the most anticipated events in the annual NeighborWorks Waco calendar is our Breakfast Banquet. In years past, we gathered with friends, colleagues, and community partners for a delicious breakfast at the beautiful Ridgewood Country Club. We like to recap...
Executive Insights
The Runaway Costs of Housing and the Wealth Gap The costs of owner-occupied and rental housing have continued to dramatically increase over this past year. Home price appreciation nationally hit 20.6% in March of this year, topping the previous high of 20% in...
