Our financial empowerment program provides individuals with the knowledge, skills, and resources necessary to improve their financial well-being and achieve their financial goals. These programs aim to empower participants to make informed financial decisions, build financial resilience, and gain control over their financial lives.
Reach CDC provides the following HUD Approved Counseling and Educational tools:
Homebuyer Education (Certificate)
Requires a total of 8 hours to receive a Homebuyer Education & Counseling Certificate, which many lenders will use to apply for various down payment and/or closing cost grants.
Pre-Purchase Counseling
Buying a home can be overwhelming. Housing counseling can help you individualize your home buying options, empower you to make informed decisions, and significantly improve your home buying success. Housing counseling will help you determine what you can afford and teach you how to sustain your home for the long term.
Top Five Benefits of Pre-Purchase Homebuyer Education:
Determine if homeownership is right for you
Discover how much house you can afford
Understand your credit score
Choose from affordable mortgage options
Learn about various home buyer assistance programs
Financial Coaching/Management
Financial Coaching is a proven approach to helping clients achieve long-term financial goals and build assets. It is an approach that builds on the knowledge and skills offered through financial education by supporting clients in the process of regularly applying skills to their own financial lives. Awareness and understanding of budgeting is vital to a family’s ability to become and remain financially stable. Our housing counselors help to empower individuals with the knowledge, tools, and resources to set goals and make informed financial choices.
Top Five Benefits of Budgeting and being Financially Coached:
Learn budgeting tools and techniques to help you manage your money
Improve your credit rating
Begin a savings plan for future goal
Increase awareness to avoid identity theft and loan scams
Understand your financial options for home ownership, refinancing or renting
Mortgage Delinquency & Default Resolution Program
Mortgage Delinquency and Default Resolution Counselor serves as liaisons between the homeowner and the loss mitigation department to explore mortgage assistance options to address the mortgage arrearage. In addition, counselors assist homeowners with preparing and submitting a loan modification package to their lender.
If you are a homeowner and is experiencing any of the following, you should consider mortgage delinquency and default resolution counseling:
Missed a mortgage payment or concerned that you may miss future payments
Behind on mortgage payments
Received a notice of foreclosure
Having trouble communicating with your mortgage lender
Rental Housing Counseling
Rental housing is essential for many families and individuals. Young people starting as an adult, immigrants seeking stability in America, empty nesters, senior citizens downsizing and families rebuilding after losing their home to foreclosure or unpaid taxes. Finding safe, secure and affordable housing is necessary and many families are faced with escalating rent increases.
Determine affordability and sustainability
Develop Household Budget
Identify spending habits to manage debt and save for security deposit
Create a plan of action for addressing obstacles and securing housing
Explain Fair Housing, Discrimination, and how to file a complaint
Non-Delinquency Post-Purchase Counseling
For many families, the purchase of a home is the single largest investment they will every make. It is important to prepare for, prevent and learn how to recover from potential life’s challenges that may jeopardize this investment.
Top Five Benefits of Post Purchase Counseling:
Get helpful tips to protect and maintain your home
Learn budgeting tools to create a post-purchase Spending Plan
Learn preventive maintenance procedures
Review resources for home repairs and improvements
Understand property taxes and insurance
All workshops and coaching/counseling sessions are free. Currently Reach provides these services via MOU’s with various HUD Approved Counseling Agencies.