LakewoodAlive’s Pride Fund Assists Lakewood Residents With Home Repairs
Last year LakewoodAlive launched the Lakewood Pride Fund with support from First Federal Lakewood. This innovative program leverages a collection of funds to secure home repair loans for Lakewood families who otherwise might not have access to conventional bank financing, helping families complete health & code compliance repairs.
This program has been designed to often be a last-resort option for folks who have nowhere else to turn. LakewoodAlive’s Housing Outreach Program works tirelessly to connect residents to available resources to keep their homes in good repair, and this program is now another tool in our organization’s tool box. The ideal candidate is someone who perhaps had a temporary job loss or a life change that made staying on top of their household bills difficult, but are now working to get back on track. The Lakewood Pride Fund will help these clients make essential health, safety and code compliance improvements ultimately enhancing their quality of life, one repair at a time.
“The Lakewood Pride Fund is a tool to help families repair their homes as well as their credit by educating them about simple behavior changes like setting up a budget or creating a home maintenance schedule,” said Allison Urbanek, LakewoodAlive’s Housing & Internal Operations Director. “With these dollars, we will be able to assist homeowners in-need while preserving the tremendous pride in our neighborhoods, and helping to keep Lakewood alive and thriving.”
The Lakewood Pride Fund will:
- Improve access to bank financing for those who are unable to qualify for conventional bank loans through financial and home repair education
- Reduce the risk of homes falling into foreclosure and causing blight to our community
- Build stronger neighborhoods by maintaining and sustaining our housing stock through home repairs and improvements
- Advance housing outreach to homeowners to help maintain Lakewood’s historic housing stock
The Lakewood Pride Fund is only available to Lakewood residents who own and occupy their home. The program is currently able to serve households that are considered up to 120% of area median income, with loans capped at $8,500.
I am the Marketing & Development Manager for LakewoodAlive. I enjoy all things Lakewood, especially walking my basset hound through Madison Park.