INDIANA: Hurry Home

Hurry Home

SoutH Bend, IN

In mid-sized cities across the country, the issues of housing affordability do not conform to our standard definition. In South Bend, IN for example, homes are actually too affordable. Homes are listed at $50,000 - $60,000, which is drastically more affordable than most big cities, but the issue is that banks don’t want to issue loans on homes at that price range because their profit is significantly smaller than it would be on a more expensive house. Then homeowners end up with the same problem because affording a $50,000 house without a loan is incredibly difficult. This keeps families in a perpetual cycle of renting, where they are living in a home but building no generational wealth. Hurry Home is there to fill the gap left between lenders and buyers in this market. They work with homebuyers and landlords to get buyers approved using their system, and they work with landlords to convert a rental property to one that tenants could purchase. Working to fill the space between the low market prices and lenders' disinterest in these properties, Hurry Home is creating more homeowners across the area of South Bend and starting homeowners on the way to building wealth.