INHP HOMEOWNERSHIP PREPARATION PROGRAM

Organization name: INHP

Program Type

Financial aid & financial literacy programs

Ages Served:

19-25 Years

Overview

Brief Program Summary: INHP’s Homeownership Preparation Program (HPP) consists of two interventions designed to work in tandem and empower participants to achieve their dream of homeownership: Financial Literacy Education: INHP offers 15 hours of financial literacy to help clients interested in improving their financial health and credit, and become knowledge consumers in preparation for accessing a mortgage and becoming a homeowner. Participants will learn how to analysize spending and build a budget, set financial goals, learn how to read and improve their credit score, and complete an 8-hour HUD approved Home Buyer Education Course. This series of preparatory courses, when paired with homeownership advising, give program participants the skills to navigate the process of a being a successful renter and homeowner. Homeownership Advising: INHP’s homeownership advising program enables families with low and moderate incomes to work one-on-one, every four to six weeks, for up to 24 months, with a HUD-certified, INHP homeownership advisor. This intense financial coaching teaches budgeting and credit management skills and develops savings habits as well as the discipline to consistently apply them. The goal is to enable families to qualify for a mortgage program that best meets their long-term sustainability objective.
Success Metrics: INHP measures the following: • # of individuals that successfully complete the HPP program and qualify for a mortgage to purchase a home • # of unique households that complete an INHP education class • # of households that close on a home purchase loan

Demographics

Number Served & Racial Distribution:

Total Number of Individuals Annually Served

2,300

Black or African Americans Annually Served

65%

Hispanic or Latinos Annually Served

5%

Geographic Scope:

− Central Indiana Counties: Marion
− Additional/Other Areas of Focus: N/A

Resources

Annual Operating Cost: N/A
Initial Start-Up Cost: $0

Contact Information

Organization Name: INHP
Website: https://www.inhp.org/
Respondents Name: Rob Evans
Email: revans@inhp.org

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