DBHomes4Hope renovates houses and realizes mission with the SBDC
Davina and Danny Bare saw a need for housing during a visit to Lynchburg, and it spurred them to action. In June 2020, they launched DBHomes4Hope with assistance from the SBDC – Lynchburg Region.
“Housing has always been an interest,” Davina says. “The problem is the disparity in home ownership. My husband, a contractor, and myself, a former Army human resource officer, have the knowledge base to make homeownership happen.”
The first move for DBHomes4Hope was purchasing a fixer-upper house. The price tag was $7,000. Subsequently, they purchased a fire-damaged house for $5,000. Their goal is two-fold: renovate homes and guide clients toward home ownership.
A certified credit trainer, Davina started holding weekly counseling sessions with neighborhood residents.
“The focus was improving credit scores by budgeting and reducing debt,” she says. “Our goal – 80 percent home ownership – helps build up a community.”
To establish a solid business foundation, Davina turned to the SBDC, which connected her with Pinnacle Financial and enrolled her in the SBDC’s Start Smart Class. Pinnacle approved a $10,000 loan, and the Start Smart class helped her formulate a business plan.
“Everybody in Lynchburg, especially the SBDC, seemed willing to help,” she says. “SBDC Executive Director Stephanie Keener and SBDC Mentor Jamie Reynolds were great cheerleaders.”
To gain more business acumen, Davina joined the SBDC’s Business Game Plan Cohort.
“During the seven-week course, we talked about networking, funding, and entities needed for starting a business,” Davina notes. “Each step was a building block for the next thing.”
Over the past two years, the SBDC’s guidance helped DBHomes4Hope realize its mission.
“Our mission is to help families gain homes for generations,” Davina says. “DBHomes4Hope offers the whole journey to home ownership.”
The SBDC, she adds, helped make this journey possible.
“I’m seeing progress in the families we’re coaching and a sense of community — and we’re making a living,” Davina concludes. “The entity that brought it all together was the SBDC.”