17 - Indiana Association for Community Economic Development

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Appendix 14.Summary of Participant Responses from Summer 2003 Network MeetingsSummary of Notes from HomeEC Network MeetingsSummer 2003 SeriesComments on draft recommendations circulated at the meetings• Recommendation 1: Implement statewide standards for content and deliveryof homeownership education and counseling.o Alternative formats are importanto Beware of video “counseling”o Counselors need to have knowledge of available funding programso Ensure consistency of certification; make all prospective counselors passthe same testo Ensure that agencies have resources to deliver serviceso Ensure that guest speakers are qualified/unbiasedo “Face time” is important—even with distance learningo Financial education/credit counseling is a critical componento Incentivize attendance• Meet clients’ basic needs (child care, food, etc) for the class• Involve lenders and realtors where possibleo Incorporate pre- and post-testingo Lenders will need to be cautious about discrimination in terms of whichclients they choose to provide with information about homeownershipeducation and counseling opportunitieso Some clients really want to learn at a slower pace; programs shouldaccommodate this where possibleo Standards should be in place for both classroom-style homeownershipeducation and one-on-one counselingo There is a need for “values education”o Where possible, mesh these standards with existing programrequirements for homebuyer educationo With regard to the 8-hour minimum for instruction:• May be a challenge for clients on a short time frame, but still isvaluable• Challenge of clients’ schedules can make 8-hour minimuminstruction difficult• Flexible scheduling is key• Should allow for flexibility for clients with prior experience• How the requirements are presented to clients can have asignificant impact on how clients view those requirements• Should be seen as a minimum, not a maximum number of hours14Indiana’s Homeownership Education & Counseling System (HomeEc) Report — XLIV
• Groups should have flexibility to break up the 8 hours into smallersegments• Groups should have flexibility to spend the 8 hours in eitherclassroom or one-on-one settings, or both• Should clients be permitted to “test out” or skip sections with whichthey are already familiar?• Consider “condensed” or “refresher” structure for theseclients• Recommendation 2: Understand the value of alternative outcomes.o Create a system for determining and measuring the value of alternativeoutcomeso Funding for alternative outcomes will require a major shift in perspectiveand policy for funders (particularly the federal government)o Particularly true given the many hours of assistance that some clientsrequireo Personal finance education is particularly valuable.o Track participants who do not purchase homes to see what outcomesoccur14• Recommendation 3: Open the door to post-purchase counseling.o Create incentives for attendees:• Door prizes• Work with Lowe’s, Home Depot, etc on a statewide basis to gettheir support—they could provide gift cards, other prizes, hands-oninstruction, etc.o Don’t call it “post-purchase counseling”—call it something more enticing toboth funders and homeownerso Effective post-purchase counseling should involve not only the housingcounseling agency, but also other community groups that haverelationships with the homebuyer (e.g. churches, schools, employers, etc).All can play a role in supporting homebuyers to maintain homeownership.o Feasibility of increased lender/counselor relationships may be a challenge,especially given the frequency with which loans are sold on the secondarymarket and serviced out-of-stateo Feasibility of increased lender/counselor relationships may be a challenge,especially given the frequency with which loans are sold on the secondarymarket and serviced out-of-stateo Formalize post-purchase counseling scheduleo Housing counselors must be prepared for continued involvement with thehomebuyer over the long term.o Identify incentives for post-purchase counseling, such as “freebies” orlenders waiving feeso If post-purchase counseling is required, what are ramifications if clientsare no-shows?Indiana’s Homeownership Education & Counseling System (HomeEc) Report — XLV
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 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: procedures, and services with the s
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 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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