17 - Indiana Association for Community Economic Development

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o 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 careo Emphasis on “plain-English” vocabulary, and avoidance of overly technicalterminology or jargono Accommodations for clients with low reading skillsHomeownership Counselor Skill SetRequired• Experience in providing financial literacy• Experience in providing credit counseling• Certification/training in relevant areas• Familiarity with local social service networks• Strong interpersonal skills, especially the ability tomotivate others toward a goal11Desired• Foreign language skills• Social work background• Knowledge of and experience with the homepurchase process• Knowledge of and experience with lending/mortgageproductsIndiana’s Homeownership Education & Counseling System (HomeEc) Report — XXX
Basic Elements of a Homeownership Counseling CurriculumThe time frame for homeownership counseling is much more strongly dictated by theindividual needs of the client than in homeownership education. Counseling programstend to be far more personalized to each client, and generally take place over a longerperiod of time than a general pre-purchase training program. Therefore, the timeranges noted below for counseling are average estimates or benchmarks, designed toreflect the widely varying requirements of each client, rather than hard-and-fast rules.For some clients, a minimum of time will suffice; for others, many more hours in one ormore topic areas will be needed.1. Assessment (average 2 hours)Goal: Counselor and client gain a clear sense of the client’s situation and needsMay include:• Referrals to other agencies for additional services• Participation agreements describing what clients and counseling agencieswill each commit to• Explanation of housing counseling process• Development and ongoing evaluation of action plan for client11Goal: Client is aware of his/her financial and other barriers to homeownership.Goal: Client makes informed decision as to whether to pursue home purchase.May include:• Advantages & disadvantages of homeownership• Possible barriers to approval, especially creditworthiness• Get a sense of how much the client can afford to spend (debt-to-incomeratio)• Discuss pre-approval and pre-qualification processes2. Financial Management (average 2 hours)Goal: Client has a budget and financial plan and understands the importance ofsaving.May include:• Setting short- and long-term priorities• Tracking income and expenses• How to trim expenses• Basic banking skills• Financial problem-solving and planning for emergencies• Debt reorganization & repayment planning• Discuss income-generating strategies: EITC, etcIndiana’s Homeownership Education & Counseling System (HomeEc) Report — XXXI
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 and 10: Appendix 5.Spring 2002 Network Meet
Page 11 and 12: Basic Programmatic Needs• Homeown
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: Appendix 11.Fall 2002 Regional Meet
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
Page 83 and 84:
Appendix 22.OrganizationOhio Valley
Page 85 and 86:
Appendix 24.Roles and Responsibilit
Page 87 and 88:
COUNTYFORE-CLOSUREFILINGRATEGSEMARK
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Appendix 27.Graphical Representatio
Page 95 and 96:
CountyAppendix 28.Hispanic Populati
Page 97:
CountyAppendix 28.Hispanic Populati
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17 - Indiana Association for Community Economic Development

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