NATIVE PARTNERSHIP FOR HOUSING, INC. August 12, 2016 Who is Navajo - - PowerPoint PPT Presentation

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