Gabriel Meadows spent ten years developing plans to build low to moderate-income homes and researching the the “psychography” of low to moderate renters and homeowners. He spent ten years negotiating land and home purchases in an underserved area of Dallas, TX. During that time, he met and talked extensively with hundreds of home and property owners in the Southern sector of Dallas. He spent many hours in the homes of these mostly low-income families. He came to know their attitudes, their needs, aspirations and fears. What he often wondered as he met these people was “how could we expect the lucky ones among them who were able to buy a new home, to properly take care of it when the homes and communities they come from are so unkept?” A business concern was — since his plan was to build a 92-acre development for low to moderate income home buyers in 4 phases — what would be the financial impact if the potential buyers for phase 2, for example, were discouraged from buying after visiting phase 1 and seeing an undesirable neighborhood?
During negotiations with the City of Dallas, a city official brought to Meadows’ attention the tendency of new housing developments deteriorating five to six years after construction. Meadows was amazed that the official had made the same observations he had and shared the same concerns about what was planned to be a joint venture with the city of Dallas. Reflecting upon the many “targeted” people he had spent so much time getting to know over the recent years; Meadows concluded that these potential new home owners were not bad people who cared less about their homes and neighborhoods. Rather, they were simply ignorant of some facts pertaining to maintaining their homes and thereby, their neighborhoods! Many of them saw their homes as simply places to eat and sleep as opposed to an investment that could acquire equity. Indeed, many of them don’t know what equity is. Renters, he concluded, did not understand their roles in enhancing the environments in which they lived. Meadows concluded that if these potential new home owners were taught what an investment their homes are and how to protect those investments and indeed, grow those investments, they would act as most knowledgeable home owners act and make their neighborhoods as desirable as any higher income, desirable neighborhood. He also had a lesson to teach renters: You determine the desirability of your apartment or rental home.
This was the birth of the Maximizing Home Value (MaHoVa) seminar concept. This was the motivation to create a company dedicated to the proposition that ignorance, not culture, income level or ethnicity, is the primary reason some communities are unkept. It follows that the education of the homeowner and their children is the solution. It was with this realization that Meadows founded, the Community Preservation, LLC. The mission of this company is to “educate all HUD assisted new and second time home owners and all HUD assisted apartment and rental home dwellers on how to maximize the value of their residences before they are granted HUD assistance.” This education will be paid for by HUD. The seminar will be required for all residents 10 years and older. There will be one seminar designed for home owners and a separate seminar designed for home renters and apartment renters. For each category, we will conduct a seminar for adults and one for children 10 through 17. To set and reinforce the training, we suggest a refresher seminar once per year for two years, then only once every two years. The applicants for HUD assistance will sign the attached contract at the time of applying for HUD assistance. Each applicant family will receive the attached MaHoVa Certificate of Completion upon successfully completing the seminar.
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