Title
Resolution to Allocate $25,000.00 in NSP Funds to Habitat for Humanity of Huron Valley, to Provide Homebuyer Education to Low-Mod Homebuyers ($25,000.00 NSP Funds)
Memorandum
Attached for your review and approval is a resolution to allocate $25,000.00 in NSP funds to Habitat for Humanity of Huron Valley (Habitat), to provide homebuyer education to low-mod homebuyers. Habitat is the fiduciary for the Washtenaw Housing Education Partners (WHEP), which includes Community Housing Alternatives, Habitat for Humanity of Huron Valley, P.O.W.E.R. Inc., MSU Extension, the Washtenaw County Treasurer’s Office, and the Housing Bureau for Seniors.
The Washtenaw Housing Education Partners (WHEP) will provide a minimum of 8 hours of homeowner education that can include counseling, financial literacy classes, credit repair assistance, home maintenance classes and help applying for down payment assistance from other funders. HUD requires all homebuyers who receive NSP funds to purchase a home to attend a minimum of 8 hours of homebuyer education from HUD or HUD-equivalent certified counselors. MSU Extension will provide 6 hours of homebuyer orientation from a HUD-certified counselor. POWER Inc. will provide one-on-one counseling, financial literacy and credit repair from a MSHDA-certified counselor. Habitat for Humanity and MSU Extension will provide home maintenance classes.
This project is consistent with the City’s Consolidated Strategy and Plan. The City Attorney’s office will review the contractual documents to ensure that Habitat will comply with the requirements in the NSP regulations. It will be the responsibility of the Office of Community Development to monitor agency compliance with these regulations.
On February 24, 2009 the Urban County of Washtenaw, of which the City of Ann Arbor is a member, reviewed WHEP’s application for funds and recommended approval of $25,000.00 in City of Ann Arbor NSP funds, and $60,000.00 in Urban County NSP funds.
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