Making Homeownership Dreams Come True

The dream of homeownership has become a bit harder to achieve in these tough economic times. Now there's a nonprofit organization that's hoping to change that for those families where owning a home is always a far-fetched goal.

Family Services, Inc., a nonprofit organization based in North Charleston, S.C., is helping both the economy and those families by buying and then flipping distressed foreclosed homes and making their hopes a reality.

The program was implemented when FSI saw a need to reinvest in neighborhoods and properties that were foreclosed on the market and were in need of rehabbing. It was the perfect fit for an organization whose mission is to empower families and individuals to become and remain functionally independent. By reinvesting in neighborhoods struck by foreclosures where values have deteriorated and offering a renovated home fit for sale they can assist that neighborhood in regaining its strength and value.

"It is well-noted that strong neighborhoods have reduced crime, strong schools, higher property values and the municipality receives more funding for the infrastructure," FSI executive director David Geer told AOL Real Estate. "This is needed in our community and we believe that we have the resources and management structure to accomplish this task."