Comment Detail
Date: 08/07/24 First Name: Ashley Last Name: Lacenski Email: Ashley.Lacenski@couleecap.org Organization Type: organization Organization: Couleecap Inc Comment
Points should be awarded for permanent affordability such as a Community Land Trust Model.
Give more points back to homeownership projects. I understand that DPP is an option but it can be challenging to get some of the lenders to issue DPP. Some do it wonderfully but not very many. There were virtually no points this year for general homeownership programs sponsored by a non-profit. I couldn't make a competitive application but these funds are important to our homeownership program as they provide match for other funding sources that we have. The counseling fee also needs to be increased from $500. Staff spent a lot more time than $500 on each client we serve. Homeownership is underfunded in terms of counseling and many buyers need a lot of help and support to be able to purchase. Plus the paperwork requirements and etc take a lot of time. $500 is not enough to do this work.
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