Las Vegas Apartment Investor Launches “Path to Homeownership” Program

Cherry Development is launching a Path to Homeownership Program to help its Las Vegas apartment residents transition from renting to owning a home. Cherry owns the shareDowntown apartment communities.

Under the Path to Homeownership program, qualified shareDOWNTOWN residents can receive monthly contributions of $200 from Cherry Development that are deposited into a dedicated account for use toward a down payment for a future home purchase or closing costs. Residents who are financially and credit-qualified may access funds after a minimum of 12 months of participation.

For the program, Cherry Development has forged strategic partnerships with local financial institutions, mortgage lenders, title companies, and credit improvement specialists who share a commitment to expanding access to homeownership. Program partners provide discounted services, financial incentives, credit counseling, debt relief assistance, and educational guidance to help residents become mortgage-ready and successfully transition into homeownership.