FOR IMMEDIATE RELEASE
Contact: Yaneli Perez, Marketing
(509) 663.1125

Pioneer Title Company Launches Innovative Down Payment Assistance Fund for Wenatchee Valley Families

WENATCHEE, WA - Pioneer Title Company, in collaboration with the Community Foundation of NCW (CFNCW), is proud to announce the launch of the Chelan Douglas Down Payment Assistance Fund (CDDPAF), a groundbreaking initiative designed to support working-class families in the Greater Wenatchee Valley region in achieving homeownership.
The innovative program addresses a critical gap in existing down payment assistance programs. While current assistance programs typically support home purchases up to $300,000, the CDDPAF extends crucial financial support to families looking to purchase homes in the $400,000-$600,000 price range. Pioneer Title will donate $50 for every home sale closed in the Valley through their company. Additionally, if any other participants in the transaction, including buyers, sellers, lenders, or realtors, make a donation to the fund, Pioneer Title will add another $50.
"65% of housing units are owner occupied nationwide. The Wenatchee Valley has fallen behind in that category, as only 58% of housing units are owner occupied in East Wenatchee, and 52% in Wenatchee. Studies show that over a 10-year period homeowner’s wealth will increase 40 times greater than that of someone that rents.

Yet 40% of entry level spec homes in the Wenatchee Valley are sold to investors. This trend must stop. Inflation has been no help to those wanting to enter the housing market. Our goal is to provide a meaningful pathway to home ownership and wealth creation for middle class families," said Brian Fair, owner of Pioneer Title Company. "This program allows residents to buy a quality home without risking financial strain from unexpected home repairs."

Once the fund reaches a significant dollar amount, local housing and non-profit organizations serving affordable home ownership will be able to apply for grant funds. This collaborative approach ensures that the resources directly benefit those most in need in the Chelan and Douglas County areas.

The Chelan Douglas Down Payment Assistance Fund represents a unique private partnership aimed at addressing housing affordability challenges. This fund will help a larger percentage of our citizens to gain wealth, therefore all businesses are encouraged to contribute, not just those in the real estate industry. This fund will be a win/win/win for the entire region.

For more information about the Chelan Douglas Down Payment Assistance Fund, please contact, Denise Sorom, Community Foundations of NCW, (509) 663-7716, www.cfncw.org ### About Pioneer Title Company: Pioneer Title Company is comprised of local experts providing real estate title, escrow, and closing services in Chelan and Douglas Counties since 1890. The entire team lives in the communities they serve. Pioneer Title Company is committed to supporting local communities through innovative housing solutions and exceptional title services in the Greater Wenatchee Valley. Learn more at www.PioneerTitleCompany.co