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ESC Annual Report 2018

HOUSING & ENERGY

HOUSING & ENERGY SOLUTIONS Success Story A TEAM-UP FOR FRANKIE’S HOUSE Frankie came into our office in search of some much needed assistance. Her home needed several repairs that she was physically and financially unable to obtain. Mary Beth from Home Repair and Margarite from Weatherization helped her through the application process and were able to partner on her project. Weatherization and Home Repair each performed part of the necessary repairs according to our program regulations. Weatherization replaced three doors and installed 897 square Choosing Your Own Neighborhood! feet of R-30 insulation in the attic. We also installed floor insulation to keep the cold air from seeping in through her floors. We wrapped 84 feet of water lines to keep them from freezing in the winter. We employed our standard infiltration reduction measures such as us of caulking, expansion foam, rubberized leak stopper, and foam board. Frankie’s home is now much safer and more energy efficient. Weatherization and Home Repair are always happy to partner on projects whenever possible. Having safe, affordable housing can be a difficult task for many of the Economic Security Corporation of Southwest Area’s clients. Often homes that meet the needs of their family and circumstances is out of reach for them financially, even those fortunate enough to be working fulltime. Homes they can afford may be in poor condition, located too far from work or services, or not adequate for them and their family. The Housing Choice Voucher (HCV) program helps bridge that gap with rental assistance. “Choice” is the key word in the title Housing Choice Voucher. Each qualifying family receives a housing assistance “voucher” worth an amount based on their household size and income. They are free to then take that voucher anywhere within our service area and find the home they want, not one that is chosen for them. Families or individuals are required to pay 30% of their income toward rent and utilities, ESC’s Jasper County Public Housing Agency then bridges the difference. Over 340 households are currently using HCV rental assistance to provide a safe, secure and affordable place to live for themselves, their children, and their families. 16

HOUSING & ENERGY SOLUTIONS HOUSING CHOICE VOUCHER TENANTS Neighbors & Homeownership = Thriving Communities It is always important in our communities, to have more homeowners than renters. Homeowners generally volunteer in the community. It does boil down to economics. When someone owns an asset, they are more likely to engage in behavior that ensures its future value. Unlike stocks and bonds, a home’s value is determined by both the physical quality of the structure as well as the general character of its neighborhood. That means homeowners are more likely to spend their limited time and resources engaged in improving their neighborhood, if for no other reason than to protect the value of their investment (US News, Robert Dietz, March 2013) ESC’s Individual Development Program supports families with the goal of home ownership through matched savings, financial education and case management. Families who are chosen for the program must set up a savings account, make regular deposits, and be able to get approved for a home loan. Ms. Yoselyn Garza started saving towards her first home in September of 2016. Ms. Garza was working full-time, while attending Missouri Southern State University as a full-time student pursuing a Business degree and raising a family. She saved $2,000 towards her down payment for her first home. ESC and Ms. Garza had partners who were U.S. Bank, 1st American Title Company and Missouri Community Action Network. She received matching funds of $2,000 from the Missouri Community Action Network and $2,000 from Economic Security Corporation to put towards her closing costs. Ms. Garza closed on her first home a year later. A total of $5,000 of Federal funds were invested and helped leverage an asset of $55,150.00. So for every $1 we invested $9 was leveraged. 17

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