How to Afford a Home: Practical Tips & Programs That Make It Possible
March 28, 2025
Drewlo Holdings Enhances 'Rent, Save, Own' Program to Help Tenants Become Homeowners
Drewlo Holdings has taken steps to make homeownership more accessible for renters by expanding its Award winning Rent, Save, Own program. This initiative is designed to help tenants transition from renting to owning by allowing them to accumulate a portion of their monthly rent toward a future home purchase.
What's New?
The company has increased the percentage of rent credited toward a home purchase of an Ironstone Home, making it easier for tenants to build savings while renting. Additionally, they have expanded the list of eligible properties with the Flex Haus, providing renters with more buying choices.
Why It Matters
For many renters, the biggest hurdle to homeownership is saving for a down payment. Drewlo's program reduces that barrier by letting tenants apply rent payments toward homeownership—essentially turning rent into an investment.
Fun Facts About the Program
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Innovative Approach: Drewlo Holdings' program is among the few in Canada that integrates rent payments with homeownership savings, offering a unique path to owning a home.
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Community Impact: By facilitating homeownership, such programs can contribute to more stable and invested communities as residents transition from renters to homeowners.
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Financial Benefits: Participants move closer to owning a home and may benefit from building equity sooner than through traditional saving methods.
By making these updates, Drewlo Holdings offers renters a more achievable path to homeownership, reinforcing its commitment to providing housing solutions beyond traditional renting.
Read the full article here: Drewlo Holdings Rent, Save, Own Program