“I’m happy to be able to take part in the growth of such a place as D.C.”
Rodney Dew worked as a Senior Analyst on the Multifamily Lending and Neighborhood Investments team here at DCHFA. He was able to take advantage of two of the Agency’s programs, DC Open Doors and the Mortgage Credit Certificate (MCC), to become a homeowner purchasing in Congress Heights in July 2020.
“I have been here [Washington, D.C.] since attending Howard for undergrad and I love the culture of this city,” said Dew. “Buying in D.C. is also a smart investment decision, given how the city has grown over the recent years and where it’s expected to grow in the coming ones. I’m happy to be able to take part in the growth of such a place as D.C.”
Though an employee of the Agency, Dew learned about DC Open Doors prior to joining the team. “The process was very straightforward. Finding a lender that works with the program was as simple as looking on the DCHFA website and making a phone call or two,” he said. “All in all, I was in the market to buy and closed within six weeks with no real hold up.”
By combining DC Open Doors and the MCC, Dew received the down payment assistance he needed and saves money over time by obtaining a tax credit rather than claiming a deduction each year. “For most potential homeowners in the District, the down payment can be the hardest part of making the investment, so the Open Doors program is a great way to remove that barrier,” said Dew.