native partnership for housing, inc....2016/08/12  · •nph is one of 240 neighborworks...

NATIVE PARTNERSHIP FOR HOUSING, INC.

August 12, 2016

Who is Navajo Partnership for Housing?

• A 501(c) 3 non-profit founded in 1996 through joint efforts of Neighbor Works America and the Navajo Nation Govt.

• NPH is a CDFI (Certified Native Community Development Financial Institution) created to provide innovative and flexible homeownership financing opportunities through first, second mortgages and Downpayment/Closing Cost grants • NPH is one of 240 Neighborworks Organizations through the NWA Network

• NPH was created to empower families with new knowledge and life skills to build, buy and/or renovate a home

Navajo Partnership for Housing Location Cedar Hills Plaza Gallup, NM

•  1664 South Second St. Gallup, NM 87301

What Do We Do?

•  Homebuyer Education •  Loan Services •  Housing Services •  Subdivision Development

EDUCATION SERVICES

Belnda Hadley – Loan Manager Email: belinda@npfh.org

Intake Form •  Intake Profile Form •  $25.40 check or money order for

unmarried.$31.01 for married for credit report.

•  2 most recent paystubs within the last month

Individual Counseling Sessions

•  Budgeting •  Credit Report Review •  Credit Repair •  Affordability Assessment

Pre-purchase Education Classes

•  Homebuyer Education - 8 hour session (required) - Prepare family for Homeownership - Go through process of buying a home

Karigan Subdivison St. Michaels, AZ

•  25 New construction Homes •  3 – 5 Bedroom Homes for sale

KARIGAN ESTATE ST. Michaels, AZ

Karigan Subdivison St. Michaels, AZ

LOAN SERVICES

Belinda Hadley, Loan Manager Email: belinda@npfh.org

Barbara Jo Fidel, Loan Processor Email: barbarajo@npfh.org

NPH LOAN DEPARTMENT •  LOAN COUNSELING •  Affordability

– Loan Product Selection – Lender Selection

Loan Services

•  LOAN Application & PACKAGING ($500.00 fee) –  1st Mortgage Lender –  2nd Mortgage or Grant –  3rd Mortgage or Grant (if necessary) –  Coordination with Construction Services (if applicable)

NPH Lender Partners

• US Bank, Gallup, NM • Homewise – ABQ, NM • NN Credit Services, Window Rock, AZ • USDA – Aztec, NM, St. Michaels, AZ & Flagstaff, AZ • 1st Tribal Lending, Phoenix, AZ • Bank2 of Oklahoma, Oklahoma City, OK

NPH LOAN Products NPH RLF & CDFI

– DP/CC – 2nd Mortgages for DP/CC – Construction Contingency –  Interim Construction

Housing Services •  Advisement and Counseling •  Initial Site Inspection for HSL ($75.00 fee) •  Support & Promote other Housing Programs •  Develop and support partnerships •  Land Acquisition and Development •  Property Management

How can NPH benefit you?

•  Homebuyer Preparedness •  Navajo Nation Mortgage Process •  Expedite the Construction Process

Individual Counseling Session 2470 Financial Fitness Graduates 157 Homebuyer Education Graduates 2635 IDA Account Holders 22 Total Loans/Grants provided 377 Families served 299 Total Financing Arranged Provided $30.4 mill

Results

Partners NATIONAL

•  NWA-Neighborworks America •  AFIA-Assets for Independence Act •  RHED – Rural Housing and Economic

Development •  NAHASDA – Native American Housing and

Self Determination Act •  IRS •  Annie E. Casey •  FNDI – First Nations Development Institute •  Oweesta •  US Treasury Department •  CDFI Fund •  Bank of America •  Fannie Mae •  Housing Assistant Council - HAC •  Housing & Urban Development - HUD •  Other NWO’s

LOCAL •  Navajo Housing Authority •  Indigenous Community Enterprise •  AZ Native Asset Coalition •  New Mexico Assets Consortium •  Coconino Community College •  Tax Help NM •  NM Asset Coalition •  NM Homeownership Coalition •  Lenders

Questions?

Contact Info

Navajo Partnership for Housing Gallup: 505-722-0551

www.navajopartnershipforhousing.org