17 - Indiana Association for Community Economic Development

Appendix 2.Other States’ Funding Strategies For Homeownership Education & CounselingState Name of Organization Type of Organization How HEC Is FundedOregon Homeowner Education Collaborativeof OregonNonprofit • Neighborhood Reinvestment Corporation.• Housing Finance Authority has some state funds.• FSS programs.• Foundations.• Financial institutions.• HUD counseling funds.Rhode Island Homeownership Education Center State Association • HUD counseling funds through regional NewEngland network.• Programs apply directly for HUD and HOME dollars.• Housing Resource Commission (state agency)applies for a collective pot of money from privatefunders, which programs can then access.South DakotaTexasVirginiaHomeownership EducationResource OrganizationTexas Statewide HomebuyerEducation ProgramVirginia Housing DevelopmentAuthorityandVirginia Association of HousingCounselorsIndependent nonprofit, but isgoverned by the HFA's Board ofCommissioners• HERO has a pot of privately raised funds that areavailable throughout the state.• SDHFA applies for HUD funds and includes allaffiliates in the application.Housing Finance Authority • HUD grant with subcontracts.• HOME funds (downpayment assistance).• Organizations charge a nominal fee ($25-50) forservices (often refunded upon purchase).• Foundations.• Financial institutions.Housing Finance AuthorityState Association• HUD grant with subcontracts.• Some organizations apply independently for HUDcounseling funds.• Virginia’s Department of Housing and CommunityDevelopment funds individual organizations via ageneral fund appropriation and federal TANF dollars.• HOME funds.• CDBG funds.• Other HUD funds.• Some philanthropic dollars.• Church mission funds.• Some financial institution investment.Indiana’s Homeownership Education & Counseling System (HomeEc) Report — IV2