No distressed assets in this Habitat

By Geert De Lombaerde Posted on November 9, 2009 at 7:42 am

The Nashville Area Habitat for Humanity says all of its borrowers — who make less than $30,000 per year – were current on their mortgages in September. The organization says a big part of the credit should go to its education programs.

HomeWORKS trainers prepare partner families for homeownership through a series of courses designed to teach new skills and encourage new habits. Delinquency committee members monitor mortgage payments monthly and develop the management processes.

Suggestion: We should spend a little of the remaining stimulus dough to expand HomeWORKS to the first-time homebuyers rushing into the market because of the $8,000 tax credit.

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Tags: distressed assets, financial education, mortgages, Nashville Area Habitat for Humanity, nonprofit management, residential real estate  

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