INHP HOMEOWNERSHIP PREPARATION PROGRAM

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.