In a recent government meeting, Bruce Mark, a representative from the nation's largest housing agency, provided an overview of the agency's home buyer and renovation program. Mark emphasized the agency's significant role in the housing market, noting that it accounts for 30% of the country's housing services among 1,500 council agencies.

The agency prides itself on offering comprehensive counseling services, which include thorough verification of clients' financial information through pay stubs and tax returns. Mark highlighted the agency's innovative member portal, allowing clients to manage their applications and access bank data independently.

A key feature of the program is its competitive mortgage offerings, which include no down payment, no closing costs, and no fees, with fixed rates currently at 5.25% for 30-year loans. Mark pointed out that the agency uniquely provides purchase rehabilitation loans, enabling clients to access funds for property renovations after closing—an option not available through major lenders.

This initiative aims to enhance homeownership opportunities and support property improvements, reflecting the agency's commitment to fostering sustainable housing solutions.