17 - Indiana Association for Community Economic Development

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Appendix 6.Spring 2002 Network Meetings:First Draft “Key Elements of Homeownership Education Programs”Homeownership Education Programs:Key ElementsOverview6Homeownership education programs are geared toward those who are comparativelyclose to being ready for home purchase, and who do not require in-depth, one-on-onecounseling. Usually set up in a classroom/group format, the homeownership educationprogram focuses primarily on the processes of selecting a home, qualifying for amortgage, closing, and post-purchase issues. While it usually addresses the topics ofmoney management and credit, the homeownership education program is not designedfor intensive credit counseling or basic life skills training.Homeownership EDUCATOR skill setRequired• Knowledge of and experience with the home purchase process• Knowledge of and experience with lending/mortgage products• Knowledge of and experience with basic home maintenance• Familiarity with other common post-purchase issues• Strong interpersonal skillsDesired• Foreign language skills• Education background• Familiarity with local social service networksIndiana’s Homeownership Education & Counseling System (HomeEc) Report — X
Basic Programmatic Needs• Homeownership education curriculum which incorporates the “basic elements” inat least the recommended minimum amount of hours• Adequate funding and staffing to provide services• Ability to provide one-on-one counseling as needed, or ability to refer the client toa partnering counseling service• Access to affordable training for staff• Accessibilityo Printed materials translated into Spanish and/or other languages spokenin the area; translator available if trainer does not speak the language inquestiono Handicap accessibility of facilitieso Centrally located facility, easy to get to via public transportationo Available transportation for circumstances where there is no other optiono Ability to provide food if program takes place during mealtime, or is longerthan two hourso Ability to provide child care6Basic Elements of a Homeownership Education CurriculumIn this scenario, a basic homeownership education curriculum would entail sevenprimary topics, totaling a minimum of ten hours of class time.1. Getting Started (1-2 hours)Goal: Client determines whether homeownership is right for them, and what stepsthey will need to take to begin preparing for the purchase process.May include:• Advantages & disadvantages of homeownership• The role of long-term budgeting and saving• Possible barriers to approval, especially creditworthiness• How much the client can afford to spend• Programs for low- and moderate-income buyers and first-time buyers2. Money Management & Credit Assessment (2-4 hours)Goal: Client gets a sense of where they are financially, what they need to do to bemortgage-ready, and understands basic budgeting.May include:• Setting short- and long-range goals• Development of spending and saving plans• Tracking income and expenses• How to read a credit report• Information on credit reporting agencies• Strategies for building or rebuilding creditIndiana’s Homeownership Education & Counseling System (HomeEc) Report — XI
Page 1 and 2: Appendix 1.Summary of Other States
Page 3 and 4: Appendix 2.Other States’ Funding
Page 5 and 6: Appendix 3.List of Review Panel Mem
Page 7 and 8: What do you see as the biggest barr
Page 9: Appendix 5.Spring 2002 Network Meet
Page 13 and 14: 5. Understanding the Closing Proces
Page 15 and 16: Programmatic Needs• Adequate fund
Page 17 and 18: Appendix 8.Summary of Participant R
Page 19 and 20: 29. Include “how-to” section wi
Page 21 and 22: 14. Show what the economic benefit
Page 23 and 24: Appendix 9.Fall 2002 Network Meetin
Page 25 and 26: Homeownership Educator Skill SetReq
Page 27 and 28: 3. Financing a Home (2.5 - 4 hours)
Page 29 and 30: Appendix 11.Fall 2002 Regional Meet
Page 31 and 32: Basic Elements of a Homeownership C
Page 33 and 34: Appendix 12.Summary of Participant
Page 35 and 36: o Empowerment• Ensure that client
Page 37 and 38: • Don’t make regions too big•
Page 39 and 40: Appendix 13.Summer 2003 Network Mee
Page 41 and 42: monitor regional activity. Each com
Page 43 and 44: procedures, and services with the s
Page 45 and 46: • Groups should have flexibility
Page 47 and 48: o Incentivizing networks of provide
Page 49 and 50: Appendix 15.Recommendations: Homeow
Page 51 and 52: Basic Elements of a Homeownership E
Page 53 and 54: 4. Preparing for the Closing Proces
Page 55 and 56: o Physical accessibility of facilit
Page 57 and 58: 3. Credit and Credit RepairGoal: Cl
Page 59 and 60: Getting Started & Financial Assessm
Page 61 and 62:
Selecting a Home (cont.)Goal 2: Cli
Page 63 and 64:
Financing a Home (cont.)Goal 2: Cli
Page 65 and 66:
4. Preparing for the Closing Proces
Page 67 and 68:
Life As a Homeowner (1 - 2 hours)Go
Page 69 and 70:
6. Accessibility of MaterialsTopics
Page 71 and 72:
Appendix 18.Recommended Homeownersh
Page 73 and 74:
Appendix 20.Resource Library Catalo
Page 75 and 76:
35 Layman's Guide To Major Federal
Page 77 and 78:
Appendix 21.Sample Release Form for
Page 79 and 80:
Appendix 22.OrganizationArea V Agen
Page 81 and 82:
Appendix 22.OrganizationSummary of
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Appendix 22.OrganizationOhio Valley
Page 85 and 86:
Appendix 24.Roles and Responsibilit
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COUNTYFORE-CLOSUREFILINGRATEGSEMARK
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Appendix 27.Graphical Representatio
Page 95 and 96:
CountyAppendix 28.Hispanic Populati
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CountyAppendix 28.Hispanic Populati
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17 - Indiana Association for Community Economic Development

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