Programs

 

NHSJ offers NeighborWorks America Full-Cycle Lending services.  Programs are focused on four major areas of activity: (1) community building/revitalization; (2) counseling and mortgage placement of low-moderate income residents with member banks of The New York Mortgage Coalition; (3) administration of low - cost loans to finance home improvement, purchase, and rehabilitation; (4) home-ownership development through the NeighborWorks HomeOwnership Center “One stop Shop.” We also provide one-on-one financial counseling, foreclosure intervention and financial assistance for homeowners who are at risk of foreclosure.

 

Pre Purchase Education and Assistance

Homeownership Educational workshops: This program offers seminars, home buyers clubs and community presentations, NHSJ educated more than 18,000 residents on the home buying process.  These workshops and sessions provide information on predatory lending and foreclosure prevention and  information on how to access affordable products and services.    

 

Facilitated Mortgages: Since 1974 NHS of Jamaica has facilitated $84,300,248 in first mortgages for a total of 600 families, and extended $890,000 in Forgivable loans to forty-one low-income families  to help underwrite the cost of their first homes.

 

Post Purchase Education and Assistance

Foreclosure Intervention: In 2002, NHS of Jamaica created the Southeast Queens Anti-Predatory Lending Task Force as a watchdog for predatory lending.  The purpose of the Task Force is to serve as a network of resources for homeowners facing issues related to foreclosure.

 

Home Maintenance Training: More than 6,000 homeowners have received post-purchase education through our Home Maintenance Training Classes.  This program is designed  to offer hands-on-training in most phases of home repair and maintenance for everyday homeowners. 

 

Revolving Loan Fund: This program offers below-market-rate home improvement loans to owners of 1 – 4 unit homes.  We have partnered with local government and private lenders to build a pool of funds to address the needs of homeowners throughout District 12. 

 

Emergency Loan Program: This Program is for emergency repairs such as boilers, roofs, plumbing, electrical, etc.  The loans are usually processed within a 72- hour period, and repairs are completed within 5 to 10 business days.  The terms and rates for these loans are adjusted to fit the homeowner’s budget.  The maximum amount for an emergency loan is $6,500.

 

Owner-Occupied Rehab Grant Program: This Program is the newest program on our list of services, it offers grants up to $15,333, to homeowners who are unable to pay for home repairs.  These repairs include health and safety related repairs, carpentry, railing and plumbing.

 

 

Empowering People •Building Communities •Strengthening Southeast Queens Since 1974