Posts Tagged ‘NEDCO’

NEDCO, the Neighborhood Economic Development Corporation, serving Lane and Marion Counties in Oregon will be celebrating 30 years of “innovative community economic development, neighborhood revitalization, and successful homeownership programs” in their new Springfield location in January, according to their most recent NEDCO NEWS.

NEDCO is the presenter of the ABCs of Homeownership, a pre-requisite for both the Eugene HAP and Springfield SHOP homebuyer assistance programs. They also offer the “Threshhold” program to help potential homebuyers get their finances in order to be able to get into the housing market. Additionally NEDCO is one of the sponsoring agencies of the VIDA (Valley Independent Development Account) which can be used for the purchase of a home or to start a business. The program allows for a 3:1 match to savings.

According to the newsletter, over 60 families are currently enrolled in the VIDA program, with excellent results. I recently closed a loan where part of the down payment came from a VIDA account. Without that money, they would not have been able to purchase their new home that quickly. Now, NEDCO is asking for donations to the program.

The donations can be made through Neighborhood Partnerships and be a 75% tax credit. To find out more about the donations and how it can be like paying only $25 when donating $100, check out this link. NEDCO does some excellent work in our area and it would be great for the Eugene/Springfield area to help them in this work.

If you need any assistance with any loan programs or would like to know how the NEDCO programs can help you in becoming a home buyer, call me today at 541-342-7576/541-221-3455 cell or e-mail me. The NEDCO office in Springfield is located at 212 Main St. and the one in Salem is located at 868 Commercial St., SE.

While listening to my wake up music this morning on KKNU Radio, Tracy Berry, the good looking portion of Barrett, Fox and Berry, gave us information about a help website being offered by Oregon State University. This website is being operated by the extension service at the University and is designed to help people find the places to go for assistance in tough times. You can access the site here. I am also posting the link in my links section of the website.

I have always found it a part of the American experience that people help people in bad times. It always seems that there are individuals, organizations and government agencies that are there to help work through tough times if you know where to look for them.

Since the government’s Help For Homeowners (H4H) program has turned out to be such a tremendous bust, there has to be other ways to get help. So, I am going to list a few of them here. This list is not all inclusive, but I hope that it will give you some good ways to find what you need:

1. Hope NOW – Non profit Counseling for Home Financing problems
2. NEDCO – Non profit in Lane and Marion Counties for financial assistance and training.
3. Debt Reduction Services – Non profit assisting consumers with consumer debt restructuring
4. Finance and Insurance Department of Oregon – Foreclosure tips and procedures
5. Homeowner Preservation Foundation – Counseling for those in financial distress
6. Home Learning Center – More foreclosure information
7. Fannie Mae HomePath – Very concise website to help with home preservation

This is not an all inclusive list, but there is a wealth of good information on these websites. When it all is said and done, there are a lot of people trying to help homeowners keep their homes. If none of these work and your attempts at a modification, even though you qualify for one, fail, call me. I do offer this service. It is not free, but is reasonable. I believe everyone should attempt to handle this on their own first, but if failure happens, call.