Everyday,The Family Living Center provides safe transitional housing plus a comprehensive supportive service system to help metro east families overcome homelessness.
Beacon Place is a permanent housing project for persons with disabilities. Housing subsidies are available, along with supportive services
Leasing Program for Chronic Homeless Persons
This program provides housing assistance for persons who are chronically homeless. It provides housing search and placement, housing subsidies, and supportive services.
CDBG Operations Corporation is a HUD certified housing counseling agency. Offering the following counseling services:
* Mortgage Delinquency
* Default Resolution
* Foreclosure Prevention
* Rental Housing
* Non-delinquency/ Post Purchase
Financial assistance for housing and utilities for homeless or near homeless persons.
FINANCIAL LITERACY COMMUNITY OUTREACH
CDBG is offering financial literacy workshops to agencies, high schools and non-profit organizations in the community. The agency utilizes the National Endowment for Financial Education (NEFE) workshop guides and tools for adult learners, and the NEFE High School Financial Planning Program for students in grades 9 through 12.
RECOGNIZING THE VALUE OF GOOD CREDIT
Good credit is an increasingly important part of a consumer’s financial power, but good credit is no accident. It’s the result of discipline and planning. Start today, and your good credit will pay off with better loan terms, lower interest rates, and greater financial opportunities in the future.
UNDERSTANDING YOUR CREDIT SCORE
When you apply for credit, one of the first things a lender will do is request a copy of your credit report from a credit reporting agency. Your credit report will display a history of your credit activities, along with your credit score. Your credit score is computer generated using a formula that provides a snapshot of your creditworthiness, predicting how likely you are to repay your debts. There are many formulas utilized today, but the most commonly known one is from the Fair Isaac Corporation (FICO). According to their Web site (www.myfico.com), if your credit score is determined using their formula, it will be calculated using the following factors:
Learning how to use credit wisely can put you one step closer to purchasing a home. The credit decisions you make today will impact your financial future. But, before you can begin to use credit wisely, you will need to establish your credit. Here are a few tips to help get you started:
There may have been a time in your history when you experienced a financial setback resulting in credit problems. If so, there are ways to restore your credit to a more positive position:
By understanding credit and credit evaluation systems, you’ll be on the right path to realizing your goals and making good decisions. Start now, and your good credit will give you a financial advantage with better loan terms, lower interest rates, and greater financial opportunities down the road, especially when you want to buy a home.