NNDC's first meeting last Nov - a big success!
with guests the City of Austin, NHCD
Neighborhood Housing and Community Development
At this meeting we presented:
Down payment assistance
Housing Smarts Counseling
Matched Savings Plan
Owner Builder Financing
"Owning a home is closer than you think…Q&A about financial assistance programs "
Earthbag House and the Natural Builders of Austin announced the debut of NNDC, Natural Neighborhood Development Coalition assisting to make natural building more affordable with great success last November 4th, 2014.
To receive emails about the next meeting join the email list and watch your inbox! We hope to see you fulfilling your Natural building dreams this 2015!
Topics Covered were:
HousingSmarts Housing Counseling Program
Need to learn the ins and outs of buying a home? The HousingSmarts Housing Counseling Program offers Home Buyer Education for first time home buyers. This class empowers Austinites by teaching you how to improve your credit, develop a spending/savings plan, and manage debt. Classes are Free for 80% MFI and below.
Down Payment Assistance
Owning a home is closer than you think…we assist first-time home buyers, buying a house in Austin, with a 0% loan to cover their down payment. You are considered a “first-time home buyer” if you have not owned a home in the last three years or have been displaced because of divorce. Loans are valued between $10,000 and $40,000.
Individual Development Account (IDA) Program
For every $1 you save, the City will provide a match of $4, with a maximum savings of $1,000. Funds can be used towards the purchase of a home, higher education, or starting a small business. Specific income eligibility applies.
Cooperative housing and shared equity models is another avenue for sustainable, quality, affordable housing, fostering community and stability.
Self Help Owner Building Program
This is the crux of NNDC and the Owner Builder School. The Housing Smarts Program is the first step for income eligible owner builders to become eligible for up to $45,000 interest free loans bybuilding with NNDC as it becomes certified as an Affordable Housing Provider in 2015.