Venture Housing

Venture makes homeownership attainable, builds new homes, provides high-quality home finishes, and beautifies neighborhoods. 
Already a homeowner in the GM Modern Housing or Unity Park neighborhoods in Pontiac, MI? Restore your home's safety, health, and energy efficiency with the Porches and Painting Program.
Venture, Inc. believes
homeownership should be a reality for Oakland and Livingston County residents of all income levels.
We match homebuyers
to the right homes, facilitate home purchase, provide a list of lenders, and support homebuyers through down payment assistance (when eligible), and homeownership counseling.
We build quality
 energy-efficient, affordable homes and sell to people with low to moderate income levels.
Venture, Inc. is
a housing subsidiary of OLHSA, a non-profit Community Action Agency. It is a 501(c)(3) non-profit and a Community Housing Development Organization (CHDO). Venture is governed by a nine member board of directors that includes local low-income residents.
Key partners include
MSHDA, Oakland County Community and Home Improvement, Oakland County Treasurer’s office, City of Pontiac, Royal Oak Township, U.S. Dept. of Housing and Urban Development, and more. We are always seeking new partnerships.

Becoming A Homeowner

Coming Soon

Venture, Inc. and Oakland County have partnered again to bring an affordable home to our community through the HOME program.  It is anticipated that 1 (one) home will be available for purchase soon for purchase in Spring/Early Summer 2024. Please see below for qualification guidelines. If qualifications are met, a pre-screening form will be available to complete once the application process is open. Pre-screening is not available at this time. Please check back for updates.

The following is required:

  • Household income must be at least 50% and below the 80% of area median income, per Housing and Urban Development (HUD) standards.(see income table below and family size)
  • Sign up for a homebuyer course approved by Michigan State Housing Development Authority (MSHDA): Approved Housing Counseling Agencies.
    • Homebuyer course certificate of completion will be required.
    • Pre-Purchase counseling is highly recommended. 
  • Pre-approval letter from mortgage lender (Venture, Inc. can help connect you with a lender).

2024 Area Median Income Household Guidelines

Family Size
Extremely Low
Very Low (50% AMI)
Low (80% AMI)
1
$19,900
$33,150
$53,050
2
$22,750
$37,900
$60,600
3
$25,600
$42,650
$68,200
4
$30,000
$47,350
$75,750
5
$35,140
$51,150
$81,850
6
$40,280
$54,950
$87,900
7
$45,420
$58,750
$93,950
8
$50,560
$62,550
$100,000

After you complete your Homeownership Initial Eligibility Screening:

  • A Venture team member reviews the submitted Venture Homeownership Screener and discusses areas that will improve home purchase chances with you.
  • Next, Venture will send you a list of approved housing counseling agencies where you can register and begin your new homebuyer education courses.
  • Finally, you are on your way to becoming a homeowner and our community grows!
For more Venture home questions or for additional information please contact 
Project Manager, Veronica Echevarria, at 248.209.2620.