Name change signifies the organization’s effort to help more first time home buyers
WHAT’S IN A NAME?
After 40 years of helping working families in Maricopa County become financially stable homeowners, Neighborhood Housing Services of Phoenix (Trellis) has determined it’s time for a change. The 501(c)(3) organization will be unveiling a new name at a “first peek” ceremony that will be attended by Phoenix Mayor Greg Stanton, Phoenix City Councilwoman Kate Gallego along with partners, supporters and clients from throughout the Valley. The name change signifies a larger initiative that Trellis has underway to reach Boomerang Buyers, Millennials, and thousands of other first time home buyers who could benefit from pre- purchase education, counseling and the continuum of home buyer services that the organization has been providing for decades.
NEWS YOU CAN USE:
- Millennials comprise 31 percent of home buyers in the United States – the largest demographic currently shopping for homes (National Association of Realtors)
- Of those Millennials who are shopping for homes, about 76 percent are buying homes for the first time (National Association of Realtors)
- Across the U.S, the housing market with the most potential for Boomerang Buyers is right here in Maricopa County, with a potential 348,329
- Boomerang Buyers purchasing homes over the next eight years (RealtyTrac)
- Home buyers that receive pre-purchase counseling and education are one third less likely to become 90 days delinquent in the first two years of securing the loan than borrowers who do not receive pre-purchase education and counseling (NeighborWorks America)
- Hispanics are likely to account for 180,000 to 220,000 of new homeowners per year in the U.S. between 2010 and 2020, and will likely represent 55 percent of new homeownership by 2020 (Urban Institute)
- Patricia Garcia-Duarte, President and CEO, Trellis Phoenix
- Mayor Greg Stanton
- Armida Lopez, NHS client, Board member, Millennial who recently purchased her first home
Trellis is a 501(c)(3) organization that has been making financially stable homes, neighborhoods and communities possible in Maricopa County for 40 years. We do this by providing pre- and post-purchase counseling and education, mortgage loan services and the rehab and development of affordable housing. As a charter member of NeighborWorks® America, we are connected to a strong network of providers across the U.S. that cultivate communities in which people thrive.