No, the article clearly states, “The goal is that within seven years, each will have saved enough to buy a home.”
I would enjoy seeing a follow-up article 7 years from now including an evaluation of the building.
If it’s still standing...
I hate to speak ill of anyone, especially on Christmas day. But liberal policies will continue to ensure you don’t need to save a dime to buy a home, have a verified income, or any credit at all — if you have a preferred skin tone. It is certainly laudable that these people have set goals to save enough money over seven years to make a down payment, but what a joke.
My church runs several apartment complexes like this in Charlotte. We take in down-and-out families, provide them a home, and give them counseling on how to get their lives on track. The families are accountable for their progress and eventually they move out and rent / buy their own places.
We have had quite good success, and the property is well-maintained.