Hacienda Community Development Corp. (CDC)’s Post

🏠 Home Town Heroes Program Update 🦸♂️: Florida's program celebrating community champions is temporarily paused due to funds depletion. 🛑 Your path to homeownership doesn't have to wait! Contact us, and one of our partner lenders will help you explore alternative loan programs, ensuring your dreams stay on track. 🌟 #HomeOwnershipJourney #CommunityChampions #fundingsolutions

Highlighting our commitment to our communities and people: proof to work for such an important part of our financial and wealthbuilding infrastructure

🏠Did you use alternative financing other than a traditional mortgage to buy your home? Do you know someone who did? If so, then I want to hear your story! ☀️This summer, I’m partnering with the Pew Charitable Trusts to gather stories from homeowners all over the US who have used alternative financing options such as: rent-to-own, contract for deed, seller financing, land contract, and personal property “chattel” loans. 💡Although these “alt-fi” arrangements are widely used, not much is known about how people find out about different financing options, the hidden costs, potential savings, or how well these plans work out in the long-run. By sharing homeowner’s personal stories, our goal is to help inform policies and improve consumer protections for these alternative arrangements. 👤If you are: (a) 18+, (b) used alternative financing to buy your current home, and (c) a US resident living in either VIRGINIA or WEST VIRGINIA then we’d love to hear from you! You will earn $40 for your time and participation. (More states to be added soon, stay posted!) 📲To learn more about this storytelling project, scan the QR code below or visit https://lnkd.in/gpNpuEuv #ResearchProject #AlternativeFinance #ShareYourStory #PewCharitableTrusts #AppliedAnthropology #AlternativeHomeFinance #Homeownership #virginia #westvirginia #virginiarealestate PS: Please feel free to share this post with anyone you know who might be interested in this project. You can also tag people in the replies using @ + their name.

🏠If you haven't heard about the Welcome Home Fund, which provides unrestricted cash grants to Black and Hispanic/Latino families to become first-time homeowners in Greater Boston, today's the day to learn more. 📰The Boston Business Journal has published an op-ed authored by our CEO Markita Morris-Louis, Esq. and Joshua Muncey, founder of the The Muncey Group about the housing affordability crisis facing Black and Brown families in Massachusetts and how the Welcome Home Fund is taking action today to make a difference. What's special about the Welcome Home Fund? ⭐It places a deep trust in families and their dreams ⭐It's driven by a sense of urgency to take action today without creating unnecessary barriers ⭐It provides $20,000 to families to use for their down payment and other related purchasing expenses ➡️Read more: https://lnkd.in/dyr36Kj6 #homeownership #wealthbuilding #solutions #boston

Read the latest from the Welcome Home blog and learn more about the Advancing Black Homeownership Community Fund.

I stopped using RIBA 5 years ago. My secret is the prophetic model. Today, I turn renters into homeowners. Community home financing can be a surprise for many Muslims. I have clients: → Waited years to save for a down payment.  → Got credit cards their credit scores → Paying the Highest interest rate. Just so they can keep up with everyone. The big problem? They sold their faith for a home. → They could have used the Muslim community to finance their home. Here's how I help them: We use the prophetic tradition of community investing. We identified a home to own within 15 years. Start a community fundraising. Investors receive monthly cash flow and equity buyback. Build a strong community working together to build wealth. P.S. Would you finance your home from your community?

What an excellent story from The Pittsburgh Foundation on Catapult Greater Pittsburgh's Next Steps Fund, which helps homeowners cover closing costs so that they can achieve their dreams of homeownership. "Home ownership is a way to create generational wealth, but many Black families have been kept out of the housing market by racist practices or, if they did buy homes, were not given resources or support to keep them in their homes and neighborhoods. ... The Next Steps Fund has helped 50 families buy homes in the Pittsburgh area. Brock was among the first, with the fund helping with the closing costs on her three-story home in the Sugar Top section of the Hill District. The professional counselor had saved money for a down payment, taken first-time homebuyer courses and knew she wanted to buy the house next door to her grandmother’s. When Brock last lived at her grandmother’s house, five generations were under the roof. She needed just under $5,000 to seal the deal, and the Next Steps Fund gave her a check that she took to her closing." Read the story to learn more about this game-changing fund and Catapult's mission: https://lnkd.in/dmdzWS8e #blackhomeownership #pittsburgh #wealthgap #homeownership

Ready to enhance your real estate practice? Join us on October 25th for a virtual webinar that's not just about 4 CE credits. Dive deep into: Strengthening relationships with housing counselors, nonprofits, lenders, and governmental agencies. Understanding the nuances of affordable housing & transportation. Collaborating effectively with nonprofit housing agencies. Tailoring services for first-time homebuyers. Unlock new avenues to affordability and offer unparalleled value to your clients. Don't miss out! https://bit.ly/44p2zA5

Financial education is a critical step toward sustainable homeownership, which is why we work with nonprofit organizations and HUD-certified housing counselors to expand accessible education in Native communities. See how our financial tools and resources are helping homebuyers like David #MakeHomePossible. https://bit.ly/3veUrG8

"Be Careful What You Wish For" In uncertain times, the Federal Home Loan Banks (FHLBanks) provide assurances of liquidity and stability to members large and small. Some advocates argue the FHLBanks should not serve large members and instead should focus just on small members and on providing affordable housing grants. These advocates have clearly not looked at the underlying FHLBank data, otherwise they would see that (1) ~100 large members allow the FHLBanks to offer low-cost financing to thousands of small members, and (2) large members are critical to the System's ability to offer the level of affordable housing and community development grants that they offer (approximately $1,000,000,000.00 in grant funding available in 2024). For more, see link below. https://lnkd.in/e98SE8UF #FHLBANKS #AffordableHousing