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  • The HomeOwnership Center The HomeOwnership Center

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(43.0911,-75.2519)
 

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Mission Statement

The Revitalization and Growth of Neighborhoods

Description

UNHS NeighborWorks HomeOwnershipCenter
Mission: Revitalization & Growth of Neighborhoods Lines of Business
HomeOwnership Services
· Home Buyer Education
· Financial Literacy
· Pre-purchase Counseling
· Section 8 to HomeOwnership
· IDA (Individual Development Account) for home purchase
· Flexible Loan Products
Partnership Mortgages - Local banks
Packaged Loan Referral
Down Payment/Closing Cost Loans
Home Improvement Loans
Code Compliance Loans
Emergency Repair Loans
Purchase/Rehabilitation Loans
Rural Development Loan Referral
· Property Inspection
· Rehabilitation Services/Contract Management
· Post-Purchase Counseling
Default Counseling
Post-Purchase Counseling
Educational Seminars
Insurance Partnership
Community Relations
· Association of Block Coalitions - facilitate approximately 175 Block Associations
· Community Leadership
· Weed & Seed Program - U. S. Justice Department Program
Consulting & Grant Management
New line of business under development. Fees for service for consulting, grant writing and grant management for another entity.

UNHS NeighborWorks HomeOwnershipCenter

Mission: Revitalization & Growth of Neighborhoods Lines of Business
HomeOwnership Services
· Home Buyer Education
· Financial Literacy
· Pre-purchase Counseling
· Section 8 to HomeOwnership
· IDA (Individual Development Account) for home purchase
· Flexible Loan Products
Partnership Mortgages - Local banks
Packaged Loan Referral
Down Payment/Closing Cost Loans
Home Improvement Loans
Code Compliance Loans
Emergency Repair Loans
Purchase/Rehabilitation Loans
Rural Development Loan Referral
· Property Inspection
· Rehabilitation Services/Contract Management
· Post-Purchase Counseling
Default Counseling
Post-Purchase Counseling
Educational Seminars
Insurance Partnership
Community Relations
· Association of Block Coalitions - facilitate approximately 175 Block Associations
· Community Leadership
· Weed & Seed Program - U. S. Justice Department Program
Consulting & Grant Management
New line of business under development. Fees for service for consulting, grant writing and grant management for another entity.




Your

Catalyst
For Change
Fact Sheet

Presented by the Community Relations Department
September 2005



Who We Are
The UNHS NeighborWorks HomeOwnership Center is a 501c3 not-for-profit corporation, chartered in 1979, as Utica Neighborhood Housing Service, Inc., now known as The HomeOwnership Center.
Mission
Our mission is the "Revitalization and Growth of Neighborhoods".
Where are we located
1611 Genesee Street in Utica, across the street from the Oneida County Historical Society.
Brief History
The HomeOwnership Center has been the leader in housing initiatives for over 26 years.
In 1979 a group of Cornhill residents, local bankers and city officials formed a partnership
committed to improving housing as revitalization strategy. As a result, Utica Neighborhood Housing Service, was officially incorporated in October of that year. The Board of Directors, and a staff of three, set up headquarters on the northern edge of the neighborhood.
We are a residentially lead Board, primarily from the Cornhill community, with representatives from our service area of Oneida, Herkimer and Madison counties.
Over the past quarter of a century, we have completed many milestones.
  • HomeOwnership Program began in 1994. Since that time approximately:
700 low to moderate income families obtained HomeOwnership
1000 families were provided with Home Buyer Education
2500 families obtained pre-mortgage credit counseling
5000 families obtained post purchase counseling and seminars
1300 Home Inspections
300 families received default and restructuring counseling
900 homes built, rehabilitated or repaired
  • 200 Block Associations providing resident lead initiatives to address quality of life issues
  • Economic Investment between 1995 - 2005 over $42 million, an additional $25 million will be provided from 2006-2010
  • Production ranked #5 in the New York/Puerto Rico District - NeighborWorks America
  • Staff certified in Full Cycle Lending
Funding
We maintain capital funds to provide loans through various types of government and foundation programs. Unfortunately, the fee recovery from these programs does not cover all of our operating expenses. Fundraising is necessary to fill in funding gaps and allow us to develop new innovative programs. Money designated for Unrestricted support provides greater flexibility.
Affiliations & Certifications
  • Chartered member of NeighborWorks America. Active in the following initiatives:
Home ownership Center - Full Cycle Lending Certification
The Campaign for HomeOwnership
Community Building & Organizing Initiative
Financial Literacy Program
Section 8 to HomeOwnership Program
NeighborWorks Rural Alliance
NeighborWorks Insurance Alliance
  • Community Development Financial Institute - U.S. Treasury Department
  • Officially Recognized Weed & Seed Site - U. S. Department of Justice
  • Neighborhood Preservation Corp. - NYS Department of Housing & Community Renewal
  • Community Housing Development Organization
  • HUD certified counseling agency
Speaking Points
  • Serve low-moderate income families
  • 7 out of 10 persons taking Home Buyer Education, purchase homes
  • Ranking #5 in production for the New York/Puerto District of NeighborWorks America
  • Certified and trained staff in all areas of HomeOwnership and Construction
  • Service area is Oneida, Herkimer & Madison counties
  • 40% of all services remain dedicated to the Cornhill Community
  • 40% housing built prior to 1940, 70% built prior to 1970 in Oneida & Herkimer counties
  • 80% of housing in the City of Utica built prior to 1940
  • Nearly 30% of our population is over 62 years old
  • The delinquency rate on our loans is approximately 3% which is very low
Story of Home Foreclose Prevention - family of four
The head of household had employment for many years until it terminated through no fault of his own. He notified the mortgage lender that he would catch up with payments with the tax return. He did so. In the meantime, he found another job, but at a lower income. There are two children ages 3 and 6. They applied for food stamps, HEAP and Medicaid for the first time. They fell behind, again, in the mortgage due to their decreased income.
They came to The HomeOwnership Center for counseling. After preparing the family's financial statement, it was determined there was no discretionary income to catch up on the mortgage payment. If they lost their home, subsidized apartment rental would cost more than the mortgage. If they caught up with mortgage payments, they would be able to continue the payments. We contacted social services to discuss a situation that they had never experienced. Arrangements were made for a one-time payment and the family remains in the home saving the family, the home and the tax payer.

Website

http://www.thehomeownershipcenter.org

Contact

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