June is National Homeownership Month, and with many families reporting homeownership is further away than ever before, Ascend Dallas\u2019 Bright Beginnings Fund might be able to help.<\/p>\n
The fund helps North Texas mothers who qualify turn savings into a path to owning their own home with the help of financial empowerment and education. <\/p>\n
Amanda Gameros is one of those mothers.<\/p>\n
“My mom was a single mother, and we never owned a home,” Gameros said. “We always lived in apartments, but never owned anything of our own. I just knew when I got pregnant, I wanted to work towards getting my child a home to live in.”<\/p>\n
For Ascend Dallas, it’s not just about getting families into their first home, but also helping families go from living paycheck to paycheck to building a stable future for their children. The Bright Beginnings Fund helps low-income mothers build savings through a combined match savings program and coaching to sustain it.<\/p>\n
“I knew that I wouldn’t be able to afford a home where I was. That’s where Ascend Dallas came in to help. They closed the gap. They helped me save and learn more about saving,” Gameros said.<\/p>\n
Participants save their own money toward an approved goal. The hope is that these young mothers can work towards a 4:1 savings match that can go towards purchasing a home or starting a small business. That match can be up to 8:1 for education, workforce training, or career skills development.<\/p>\n