Best of HFAs Homeownership Panel Karen Carlson-Bunce Washington State Housing Finance Commission Downpayment Assistance Partnership Programs.

Slides:

Advertisements

Similar presentations

American Dream Downpayment Initiative (ADDI). ADDI Basics  American Dream Downpayment Act (PL ) 12/16/03 - $86.9 million appropriated for FY2004.

Advertisements

HOPE VI Main Street Grants Contact Lawrence Gnessin Office of Public Housing Investments, Washington, DC

227 North Bronough Street, Suite 5000 Tallahassee, Florida Fax Florida Housing Finance Corporation.

NeighborWorks ® America Neighborhood Stabilization Program.

Town of Davie Neighborhood Stabilization Program (NSP) Applicant Workshop January 30, 2010.

Delaware State Housing Authority Governor’s Conference on Housing DSHA Homeownership Programs October 11, 2012.

Nevada Housing Division First-Time Homebuyer Down-payment Assistance Loan.

Baltimore County’s Neighborhood Stabilization Program REO Acquisition Mortgage Assistance Loan Program Affordable Rental Housing Baltimore County Office.

Nebraska Investment Finance Authority © 2007 Tax Credit Basics.

1 Workforce Home Benefit Freddie Mac’s Employer Assisted Housing Program Dale Saunders May 9, 2007.

HOME INVESTMENT PARTNERSHIPS PROGRAM 24 CFR Part 92.

1 Serving the Underserved: Reducing Barriers to Homeownership October 20, 2014 Presented by: Michael Haley, Minnesota Housing Assistant Commissioner, Single.

NEXT HOME. INTRODUCING NEXT HOME AVAILABLE SUMMER 2011 DOES ANYONE NEED DOWN PAYMENT ASSISTANCE? HOW ABOUT MONEY FOR CLOSING COST AND OR PREPAIDS? HOW.

USDA, Rural Development Single Family Housing Quick overview of the Direct and Guaranteed Programs.

MSHDA’s Mortgage Programs MI First Home and MI Next Home.

Shelby County Down Payment Assistance Program NACCED Presentation September 2011.

Managing Resales Presenters: Emily Higgins, Burlington CLT Etta Habegger, Thistle CLT National Community Land Trust Conference Portland, OR August 17,

Homeownership Programs. Neighborhood Stabilization Programs (NSP) Property Requirements Property must be a vacant bank owned foreclosed property. Property.

House Economic Affairs Committee Presented by: Doug Darling, Executive Director, Department of Economic Opportunity Wednesday, September 21, 2011.

Revision to the Down Payment Assistance Program (DPA) Funded by The State Housing Initiative Partnership (SHIP) Program.

Module 8 – Eligible Use B Scenarios: Homebuyer and Rental Housing Purchase and Rehabilitation.

Montana Annual Statewide Housing Conference June 9, 2015 Jennifer Ernst | VP/Community Investment Officer.

Fannie Mae’s Housing Development Tool Investing with Public Partners to Support Housing Presented by Maria Day-Marshall March 2008.

1 Minnesota Senate Environment, Economic Development and Agriculture Division FY General Fund Budget Presentation February 13, 2013.

Kansas Center for Entrepreneurship Kansas Capital Multiplier Loan and Venture Funds Kansas City Lender Summit Federal Reserve Bank of Kansas City August.

© 2002 Corporation For Enterprise Development Leveraging Funds for IDAs: Strategies for Linking to Existing State Programs Friday, November 8, 2002 State.

Changes to HOME Rule Housing Summit 2014 Dan Puccetti, Laurie LindenDill and Debbie Davis, Presenters.

Employer Assisted Homeownership Programs What are EAH Programs Advantages to employers, employees, communities, banks Developing an EAH program.

Making Homes Happen. Our Mission To create affordable housing opportunities for North Carolinians whose needs are not met by the market.

Neighborhood Stabilization Program (NSP) Orange County, Florida.

Lelia W. Allen, Director Housing and Community Development June 19, 2008.

Housing Initiatives Section 811 CMS-HUD Project Rental Assistance California was awarded $12million in Rental Assistance to fund 330 units Target.

Presentation Outline Background NSP Plan Requirements Orange County NSP Plan NSP Implementation Strategies Timeline Action Requested.

Gap Financing Tools for Affordable Housing A presentation to the Virginia Housing Coalition Housing Credit Conference September 5, 2013 VHC Sept

Influencing Change Through Advocacy at the State Level 2006 National Alliance to End Homelessness Conference Ending Homelessness: Plan, Act, Succeed.

Karen Carlson Second Mortgage Program Administrator.

Innovative Housing Programs with Community Frameworks Jeff Nicely / ext 330 Mark.

Secretary Kenneth C. Holt Maryland Department of Housing and Community Development C o v er I m a g e S a m pl e: If u s e d a c o v er i m a g s h o ul.

Green Homes Partnership: Energy-Efficient & Affordable Residential Development NCSHA 2015 Annual Conference David Clifton, Assistant Director Multifamily.

What’s Working in Homebuyer Education and Counseling Presented by Milt Sharp, President & National Administrator NCSHA 2014 Annual Conference and Showplace.

Affordable Housing Program (AHP). AHP Competitive Grants Fund the development of affordable owner-occupied and rental housing via project-specific grants.

Department of Housing and Community Development Mission Provide leadership, policies and programs to preserve and expand safe and affordable housing opportunities.

Community Planning and Development Programs. CPD Terms Office of Community Planning and Development – We provide funding to local governments and States.

State Housing Initiatives Partnership Program (SHIP) Provides funding to create private/public sector partnerships to produce and preserve affordable homeownership.

Hawthorne Village/ New Horizons South Apopka. Presentation Outline Background Re-Development Plan Action Requested.

1 Targeting Home Improvement 9/29/ Our Mission: Housing is the foundation for success, so we collaborate with individuals, communities and partners.

1 Minnesota Housing Program Changes: for loans committed on or after 5/1/15 May 1, 2015.

A LENDER PERSPECTIVE ON HFA ADVANTAGE & DOWN PAYMENT ASSISTANCE JORDAN O’BRIEN - PRIMELENDING.

USDA Rural Development Connie Baker Wolfe State Director for Wyoming USDA, Rural Development WyoNAHRO Conference Wyoming Rural Development Programs and.

The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services Using CDBG and HOME for Housing March 14, 2016 COSCDA Program Managers’

HOUSING TRUST FUND Housing Trust Fund (HTF) provides funds to create and preserve affordable housing for low- income and persons with special needs. HTF.

Section 811 Webinar During the webinar, we will be holding a Q and A session through the GoToWebinar phone system. If you would like to ask questions.

HUD/FHA Update: OIG Audit of HFA Down Payment Assistance Programs Texas Association of Local Housing Finance Agencies 2015 Annual Conference October 21-23,

1.882 million total persons Most of Northeast States combined would fit in Nebraska geographically 0ver 600,000 persons live in 2 nd District (Omaha area)

Employer Assisted Housing Tom Wolf, Governor Robin Weissmann, Chairperson Brian A. Hudson, Sr., Executive Director.

Innovate Best of HFA Home Ownership. Interstate to Innovation IdentifyInnovateImplement Strategic Plan identified the need for: 1.Additional product line.

First time home buyer Government Programs - Government Programs 2017

DC Open Doors July 2015.

Oklahoma Housing Finance Agency

NHR & NIFA Housing Production Partnership

Welcome and Thank You for Attending!

Challenges of Tax Payer Funded Down Payment Assistance Programs

Nevada Housing Division

Minnesota Housing Overview and Affordable Housing Plan

CDBG and HOME Program Efficiencies – Thoughts on Current Events

Winston-Salem Regional Association of Realtors & Community Partners

Affordable Housing in East King County

COMMUNITIES A PARTNER TO 2020 Levy Request County Board Workshop

Community Partners Loan Pool (CPLP)

Presentation transcript:

Best of HFAs Homeownership Panel Karen Carlson-Bunce Washington State Housing Finance Commission Downpayment Assistance Partnership Programs

In 31 years, the Commission has helped: 13,396 Washington homebuyers with $101 million in downpayment assistance funds We currently offer: 8 different DPA programs 3 are partnerships that combine funds from WSHFC and the partner agency Downpayment Assistance Partnership Programs

Current Partnership Programs: with City of Seattle with ARCH of East King County with City of Tacoma Downpayment Assistance Partnership Programs

Basic Parameters for Partnership DPAs Deferred 2 nd mortgage (not a grant) Use for downpayment, closing costs & pre-paids Must use with WSHFC Home Advantage first mortgage Consistent between programs Follows most restrictive guidelines (HOME): 80% AMI or less, disclosures, inspection, etc. Lender funds loan, we repay through servicer; then request partial reimbursement from partner agency Downpayment Assistance Partnership Programs

Process for Developing Programs Partnership discussion Award / NOFA Interagency agreement WSHFC board approval for matching funds Program description, manuals, forms Marketing & training Administration (including reporting) Downpayment Assistance Partnership Programs

Innovative and Replicable Lowers cost for partners—no admin fees from WSHFC Partners keep DPA in their jurisdiction or targeted to specific population Partners leverage both WSHFC funds and WSHFC experience with administration Partners can continue offering DPA in their communities and still meet bottom line Downpayment Assistance Partnership Programs

Advantages to WSHFC Markets our home-loan programs Niche products bring people to us Serves lower income and specific demographics Our funds go farther with local and federal dollars as leverage Downpayment Assistance Partnership Programs

More Information Visit us at wshfc.org! Contact: Downpayment Assistance Partnership Programs Karen Carlson-Bunce 2 nd Mortgage Program Administrator (206)