“PCF Development built a house for us, we are building a home.”

PCF Development homeowner

 

“I signed up for this class because they required me to take it. Today, I wished had taken it sooner; before I even started the process.” 

PCF Development Homebuyer Education Program Graduate


PCF Development continues to address the racial wealth equity gap that persists both in Rhode Island and throughout the nation. By providing high quality HUD-Approved Homebuyer Education and by developing & selling affordable homes, our Program works to fulfill the organization’s mission while at the same time closing the Homeownership gap.


By graduating prepared buyers and selling homes to families and individuals, this program is helping to close the homeownership and wealth equity gap in Pawtucket and Central Falls. In 2022, 100% of PCF Development homes have been sold to families of color.


Through our comprehensive bilingual Homeownership Program, affordable housing development and community engagement efforts, the organization is leading efforts to create neighborhood level economic opportunities to improve the quality of life for all Pawtucket and Central Falls residents. 


Learn more about our program and upcoming offerings here.

Five Two-Family Homes Sold!


This year, PCF Development pre-sold five new construction two-family homes to first-time homebuyers. During National Homeownership Month (June), the two remaining homes on Middle Street were sold. Join us in welcoming our new homeowners/landlords to their homes!

Middle Street Ribbon Cutting

PCF Development, project partners: City of Pawtucket, Pawtucket Redevelopment Agency, RIHousing, Housing Resource Commission, LISC RI and Centreville Bank, homeowners, and friends and supporters of PCF Development celebrated the completion of the Middle Street development. Today, five owner-occupied properties sit in a previously blighted area.

HUD-Approved Homebuyer Education


During June, PCF Development educated more than 60 prospective homebuyers on the pre-purchase process and made resources available to more than 200 individuals!


  • On June 6th, PCF Development began the month with a sold out 8-hour HUD-approved Homebuyer Education course.


  • On June 15th, PCF Development partnered with BankRI and provided a free introductory pre-purchase Homebuyer Education workshop.


  • On June 23rd, PCF Development participated in the City's Pawtucket Promotes: Homeownership Resource Fair where we provided information about our programming and conducted a brief pre-purchase workshop.


From June through August, 22 participants graduated from PCF Development's 8-hour HUD-approved Homebuyer Education Course. Five graduates have purchased a home! 

PCF Development's Offer to Purchase Foreclosed Home was Accepted


On June 28th, PCF Development's offer to purchase a foreclosed and blighted property in Warwick, RI was accepted. Where others might not see a vision, PCF Development does. Soon, the property will be the happy home to a new homeowner.


Not only will the restoration of this property transform the neighborhood and boost the local economy but it will allow a homebuyer priced out of the market to afford a home and build a life there.


Stay tuned to see this home reach its potential as PCF Development's construction crew works on it.

Another Single-Family Home Sold


During July, PCF Development sold 24 Bella Avenue in Pawtucket to a first-time homebuyer. We are extremely proud to say that the owner of this beautiful home is a former PCF Development tenant. This property owner is now building equity through homeownership and has provided the opportunity for someone else to live an affordable apartment and in the future maybe do the same.

Decide Tu Futuro


PCF Development is offering our new culturally-specific financial fitness course this September! This curriculum aims to empower the Hispanic community in an effort to narrow the wealth gap and increase the homeownership rate and financial equity in the community through financial education.


Decide tu Futuro is a course for Hispanics by Hispanics that will be taught exclusively in Spanish with a focus on equity, housing stability and financial fitness. 


Thanks to Decide tu Futuro’s program sponsors: Blue Cross Blue Shield of Rhode Island, BayCoast Bank, Centreville Bank, LISC Rhode Island, Bristol County Savings Bank, Coastal1 Credit Union and HarborOne Bank.

PCF Development can assist you in your homeownership journey. 


Looking to buy your own home? Not sure where to start?


PCF Development has single family homes, two-family homes and condominiums

FOR SALE.


Reach out to PCF Development:

 (401) 726-1173 x10

Visit our website here.

 

Email our Director of Homeownership, Dianny Pena.

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