>> PURCHASING A HOME NAVIGATING THE LOAN PROCESS AND FINDING THE BEST MORTGAGE RATE CAN BE STRESSFUL.

BUT A LOCAL ORGANIZATION IS WORKING TO BRIDGE THE GAP AND HELP PEOPLE PURCHASE THEIR FIRST HOME.

>> IT'S >> AN IMPORTANT MOMENT JOY AND EXCITEMENT FOR NEWLY WHAT STEPHEN WELLS ANTHONY'S BY THE HORMONE INTO OUR AS THEY'RE WELCOME TO THE BRAND NEW HOME.

>> FEEL LIKE WE'RE BREAKING LIKE GENERATIONAL CURSES.

MY DOESN'T EVEN WE GET IT'S A PHONE CALL FROM THE ORGANIZATION RENEW.

>> THAT THEY SAY CHANGED THEIR LIVES.

>> WAS IN CALIFORNIA VISITING FAMILY THEY'RE LIKE CONGRATULATIONS.

YOU GUYS GOT APPROVED FOR THE PROGRAM AND EVEN BETTER NEWS.

WE HAVE A HOME READY FOR YOU, RIGHT TIME FOR YOUR WEDDING.

>> RENEW COMMUNITIES IS A NONPROFIT ORGANIZATION THAT IS REHABBING IN BUILDING NEW HOMES IN THE SUBURB OF NORTH CHICAGO.

TOM CORNING OVERSEES THE DESIGN AND CONSTRUCTION OF WHAT THEY CALL MATTHEW HOMES.

>> SO YOU CAN SEE THAT EVERYTHING'S OPEN PLAN SO THAT THE FAMILY INTERACTS WITH EACH OTHER OPEN TO THE BASEMENT, OPEN IN THE LIVING ROOM, DINING ROOM.

CHILDREN CAN SIT HERE AT THE BAR AND DO THEIR HOMEWORK.

WELL, MOM'S COOKING, THOUGH LOOKING KITCHEN VERY PURPOSEFUL.

YOU CAN SEE THE WINDOWS FACING OUTSIDER LARGE.

LOOKING OUT ONTO THE STREET AND THEN THE FRONT PORCH, OF COURSE, IS THE WELCOMING ASPECT OF THIS HOME TO DRAW COMMUNITY TO THIS FAMILY.

>> WELCOME YOUR NEW HOUSE.

>> THE COMMUNITY HAS LONG STRUGGLED WITH LOW HOMEOWNERSHIP RATES.

ONLY 33% OF RESIDENTS IN NORTH CHICAGO OWN A HOME ACCORDING TO RENEW THAT THE YOUNG COUPLE SAYS PURCHASING THE FIRST PIECE OF PROPERTY IS AN OPPORTUNITY WAS WE'RE NOT PREPARE FOR ALL MONEY THAT IT TAKES TO SAVE UP FOR DOWN PAYMENTS, ABLE FOR PAYING ALL OF DIFFERENT FEES THAT YOU HAVE TO PAY.

>> PLANNING A WEDDING.

SO THAT TAKES MONEY, TOO.

SO I'M LIKE, HOW ARE WE GOING FOR AWAY GAMES?

CAME TO DON'T PAY ME FOR A HOUSE.

SO IT WAS DEFINITELY A BLESSING TO BE ABLE TO HAVE >> THE PROGRAM PARTNERS WITH SUBCONTRACTORS IN VOLUNTEERS TO BUILD THESE HOMES AT THE HOME IS SOLD FOR ANYWHERE BETWEEN 175,000 IN $250,000 RENEWS ALEXA FAMILY TO HELP THEM THROUGH THE BUYING PROCESS IN CLOSING FEES, THEN TRANSFORM CAPITAL ASSIST WITH THE MORTGAGE RATE.

>> TRANSFORM CAPITAL SAW THAT.

IT'S VERY DIFFICULT FOR SOME OF THEIR CLIENTS TO ACCESS FINANCING AT ATTRACTIVE RATES FOR A WHOLE HOST OF REASONS THAT CONTINUE TO THIS DAY.

AND SO WE CREATED TRANSFORM CAPITAL THAT STEPS AND ALONGSIDE RENEW.

AND WE TAKE DONATED CAPITAL.

WE TURN IT INTO BELOW MARKET MORTGAGES AND THEN LENDING IS JUST A REASON TO BE IN A RELATIONSHIP WITH FAMILIES.

AND SO WE WALK ALONGSIDE THEM AND AS THEY PAY THE LOAN, IT CREATES RECYCLABLE CAPITAL THAT SERVES ANOTHER.

>> THE ORGANIZATION IS ON A MISSION TO BUILD 300 HOMES IN THE COMMUNITY.

LONGTIME RESIDENT CHERYL DUNLAP SAYS IT'S A CHANCE FOR FAMILIES TO BUILD GENERATIONAL WEALTH WHILE CONTRIBUTING TO THE AREA'S DEVELOPMENT.

>> ANY FAMILY THAT?

>> IS WITHIN THIS PROGRAM.

THEY HAVE RESOURCES.

WE KNEW AS A RESOURCE.

THE OTHER MATTHEW HOME FAMILY OWNERS ARE RESOURCES AS WELL AS THE VOLUNTEER.

SO IT'S REALLY CREATING WHAT I FEEL A DIVERSE FAMILY.

>> HERE THE YOUNG COUPLE IS NOW LIVING IN THE GROUP 17TH AND THEY SAY THEY'RE EXCITED TO CONTINUE TO BUILD OR ROOTS IN THE NEIGHBORHOOD HAVE IN THE FUTURE AT SOME BABIES.

OH, ABSOLUTELY.

>> DURING HIS ASIAN CALLS HIM AT THE HOMES, REFERRING TO PASSAGE IN THE BIBLE.

AND LIKE WE MENTIONED, RENEW HAS A GOAL OF CONSTRUCTING A 300 HOMES FROM FOR MORE INFORMATION, HOW TO APPLY FOR HOME.

ALL TO BE A VOLUNTEER VISIT.

OUR WEBSITE, MCCAIN AND AGAIN, CONGRATULATIONS TO THE NEWLYWEDS.

UP NEXT, IT'S GRADUATION SEASON 3 RECENT GRADUATES SHARE THEIR STORIES WITH US.

>> STORIES ABOUT CHICAGO.

HOME