With a new $40,000 grant from the Michigan State Housing Development Authority (MSHDA) Mid Michigan Community Action Agency will continue to offer its Homeowner Empowerment Program, which provides education and resources to those looking to achieve financial stability and attain success as homeowners.
“Since its launch in 2014 our comprehensive Homeowner Empowerment Program has provided 266 local households with foreclosure prevention, homebuyer education and down payment assistance,” said Mark Polega, grants and communications director of Mid Michigan Community Action. “The funding from MSHDA will allow us to expand the program’s reach so that individuals and families at all levels of homeownership are provided with the tools needed to remain in control of their financial situations and obtain self-sufficiency.”
Program participants work with housing education coordinators to identify personal barriers, create goals and design action plans. “Each plan is custom,” said Polega. “That’s why this program is so effective; it is based on individual needs.” Participants are connected with resources and tools that include online and in-person homebuyer education sessions, financial management courses, foreclosure prevention counseling and down payment assistance.
Over the past year, Mid Michigan Community Action has provided 104 financial management sessions, led 33 foreclosure education workshops, enrolled 13 households for down payment assistance through Individual Development Accounts, facilitated four home purchases and helped participants gain assets totaling $340,000.
With support from MSHDA, Herbert H. and Grace A. Dow Foundation, the Gerstacker Foundation and Northwest Michigan Community Action Agency, Mid Michigan hopes to serve 150 households across Bay, Clare, Gladwin, Isabella, Midland, Osceola, Mecosta, Saginaw Counties in 2016.
For more information or to apply for Mid Michigan Community Action Agency’s Homeowner Empowerment Program click here.