Successful Purchase Assistance Strategies (West Palm Beach)

Successful Purchase
Assistance Strategies

A majority of SHIP funds must be expended for homeownership activities. No surprise then that homebuyer assistance is one of the most common strategies employed by local governments. This workshop is for local government housing staff and their community partners interested in developing, implementing, and managing a successful purchase assistance strategy. It will detail aspects of the process, from application to closing, including a review of the mortgage application process. Partnerships are key to success, so the workshop offers guidance on how to create long-term partnerships with developers, lenders, and Realtors. Also, the benefits of working with housing counseling agencies will be examined as part of a review of common topics included in a pre-purchase educational curriculum. Learn what factors to consider for program implementation, including how to plan for continued affordability, and how to adjust programs based on changes in the housing market. The presenters will offer key policy considerations about whom to assist with how much subsidy.

Who Should Attend?

• Housing program administrators
  
• Nonprofit sponsors involved in purchase assistance
  

Key Topics:

• First time buyer or not?
  
• Forms of SHIP assistance
  
• Including rehabilitation with purchase
  
• Post-purchase counseling topics
  

                       

This  workshop is sponsored by the Florida Housing Finance Corporation’s Affordable Housing Catalyst Program and Facilitated by the Florida Housing Coalition