Grant from New Hampshire Housing’s Emerging Opportunities Program will boost homeownership education efforts
HOMEteam, a nonprofit membership organization that provides New Hampshire residents with homebuyer and financial education, is expanding its services to the Lakes Region with a $50,000 grant from New Hampshire Housing’s Emerging Opportunities Program. The Emerging Opportunities Program makes grants to encourage and support innovative new initiatives by nonprofit organizations engaged in affordable housing.
The grant will be used to provide seed support so that HOMEteam, which currently consists of NeighborWorks Southern New Hampshire in Manchester and CATCH Neighborhood Housing in Concord, can add Laconia Area Community Land Trust (LACLT) to their collaborative. LACLT offers a HUD-certified counseling program and is the only organization to provide these types of services in the Lakes Region. The addition of LACLT to HOMEteam will ensure the continuation of LACLT’s homeownership counseling program by increasing shared financial and staff resources and creating a more streamlined approach to delivering their services. LACLT serves 19 cities and towns.
“This grant from New Hampshire Housing is pivotal to bringing Laconia Area Community Land Trust into the HOMEteam collaboration, extending HOMEteam’s reach in New Hampshire and ensuring the continuation of quality homeownership education and counseling services for residents of the Lakes Region,” said Robert Tourigny, Executive Director of NeighborWorks® Southern New Hampshire, the lead agency for HOMEteam. “We are pleased that LACLT is joining this effective partnership, and appreciate New Hampshire Housing’s role in making it happen.”
“The need for housing support and education in the Lakes Region is critical, and HOMEteam will bring a wealth of experience and resources to support the homebuyers and homeowners of the region,” said Rosemary Heard, President of CATCH Neighborhood Housing, one of the original HOMEteam partner agencies. “HOMEteam was created with the intent to partner with housing counseling agencies across the state, and I am delighted that LACLT is the first to partner with us. “
“The goal of our Emerging Opportunities program is to support innovative efforts in affordable housing that will ultimately benefit Granite State residents and provide more of the resources they need to be successful,” said Dean Christon, Executive Director of New Hampshire Housing. “Given LACLT’s successful track record of offering critical homebuyer and homeowner services, we are pleased to support this initiative to expand and streamline homebuyer education in the Lakes Region.”
“We are very grateful to receive this Emerging Opportunities grant to support our transition to HOMEteam,” said Linda Harvey, Executive Director of LACLT. “LACLT is proud of our quality services that have significant impact on our region. While the demand remains high, it has become increasingly challenging to fund and manage the counseling program. HOMEteam provides a unique opportunity to share resources and efficiencies in order to continue and enhance services. We are very excited to join this partnership.”
To date, over 2,000 people have taken free classes at LACLT’s Homebuyer and Financial Success Center; nearly 300 families have purchased homes totaling $46.6 million dollars; and 186 homeowners have avoided foreclosure through LACLT programs.
About HOMEteam: HOMEteam is an independent organization dedicated to providing consumers with objective tools and information that will help them prepare for and protect their biggest investment – their home. Through a series of free workshops, one-on-one counseling, and other resources, HOMEteam helps first time home buyers navigate the mortgage process, renters save for home ownership, and home owners preserve and protect their investment in their home.