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H.O.M.E.Home Ownership Made Easier
Architectural Studies, College of Human Environmental Sciences, University of Missouri Extension
Program description and objectives
The homebuyer education class explains the home-buying process to
prospective homeowners, especially first time home buyers. Topics include:
financial preparedness, renting vs. owning, how much house you can afford,
working with professionals to find an ideal home, home maintenance and
energy management, buyer assistance programs, mortgages, closing costs
and homeowners insurance. This program was developed for ITV presentation
with the help of Community Infrastructure Focus Teams. The overall objective
of this program is to develop the skills necessary for potential home buyers
to select and finance a home. In addition, by meeting educational requirements
for some grants and loans the course removes some of the economic barriers
to homeownership for low- to moderate-income participants.
The H.O.M.E. program compliments the Missouri Housing Partners initiative,
which informs consumers about national and statewide financial incentives
for homeownership. It meets the need for information about the home
buying process for low- to moderate-income families. Further, it expands
the financial resources of these families by assisting them in meeting
the educational requirements of special programs targeted to remove
the economic barriers of homeownership for first-time buyers. The long-term
outcome of this program is to increase the homeownership rates in Missouri.
In order to enhance the content of the class and to provide financial
assistance to the program participants, partnerships were formed with
the following agencies to deliver the class: Consumer Credit Counseling
Service - St. Louis; the Missouri Department of Economic Development; U.S.
Department of Housing and Urban Development and USDA Rural Development
Housing Service. In addition, the H.O.M.E. class has the support of
the Missouri Rural Opportunities Council.
Referrals from Missouri Housing Partners (MHP), as well as other
potential home buyers interested in affordable housing are the target
audience for this program.
- Potential home buyers acquire skills to purchase and finance a home.
- Participants meet educational requirements to secure secondary market financing and to receive discounts on mortgage insurance.
- Promotion of interagency cooperation addressing housing problems.
Michael Goldschmidt, AIA CSI,
Resident Instruction Assistant Professor & State Specialist
Last update: Friday, December 09, 2016