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) – 1 st Mortgage Lender – 2 nd Mortgage or Grant – 3 rd 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 • 1 st Tribal Lending, Phoenix, AZ • Bank2 of Oklahoma, Oklahoma City, OK
NPH LOAN Products NPH RLF & CDFI – DP/CC – 2 nd 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
Results 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
Partners NATIONAL LOCAL • NWA-Neighborworks America • Navajo Housing Authority • AFIA-Assets for Independence Act • Indigenous Community Enterprise • RHED – Rural Housing and Economic Development • AZ Native Asset Coalition • NAHASDA – Native American Housing and Self Determination Act • New Mexico Assets Consortium • IRS • Coconino Community College • Annie E. Casey • FNDI – First Nations Development Institute • Tax Help NM • Oweesta • NM Asset Coalition • US Treasury Department • NM Homeownership Coalition • CDFI Fund • Bank of America • Lenders • Fannie Mae • Housing Assistant Council - HAC • Housing & Urban Development - HUD • Other NWO’s
Questions?
Contact Info Navajo Partnership for Housing Gallup: 505-722-0551 www.navajopartnershipforhousing.org
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