My story is a testament to the fact that homeownership can be within reach for many people who currently feel shut out.
For many families with low incomes, the path to homeownership feels like an elusive dream, obstructed by seemingly insurmountable barriers such as insufficient savings, lack of credit history, and low wages which simply cannot meet the high costs of living and current inflation levels.Things have only got more difficult since student loan payments resumed last year for millions of borrowers across the country.
Research shows that graduating households build more than $8,000 in savings on average and increase their annual earned income by more than $10,000. One to three years after enrollment, Compass Working Capital participants had annual household earnings that were on average 21 percent higher.Most people who are eligible either don't know about or utilize the FSS program, believing, that it's simply too good to be true. Only about 57,000 households participate out of an estimated 2.
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