Homeport is proud to support Bike the C-Bus, organized by Yay Bikes!, for the SEVENTH straight year. The 2014 edition of the ride will start and finish in front of the historic Lincoln Theatre at the Homeport Gallery. The route will also highlight North of Broad where our Homeport Home Ownership department is continuing neighborhood revitalization, plus NOBO on Long Condominiums on the corner of East Long and North 21st Street as it meanders through Columbus neighborhoods. In 2013, 615 participants gathered on E. Long St. to ride through the city and return for lunch and entertainment.
$101 Million Still Available to Assist Struggling Ohio Homeowners
COLUMBUS – With 80 percent of its allocated funds distributed on behalf of 16,560 Ohio homeowners facing foreclosure, the Ohio Housing Finance Agency (OHFA) today announced plans to bring its Save the Dream Ohio effort to a close during the next year and a half.
Save the Dream Ohio was funded with $570.4 million through the U.S. Department of the Treasury's Hardest Hit Fund. Since the program's inception in 2010, Ohio has served as a leader among the 18 states and the District of Columbia who received a portion of the funds.
"Throughout the last four years, OHFA and its partners have worked with Treasury to implement and modify the Save the Dream Ohio program to address the state's evolving needs and keep Ohio families in their homes," said OHFA Executive Director Doug Garver. "Thanks to the outstanding efforts of housing counseling agencies across the state as well as more than 400 mortgage servicers, this program has made a swift and progressive impact on Ohio's communities."
In addition to the $226 million OHFA distributed, the Agency also committed $75 million to assist Ohio families with ongoing mortgage assistance. With approximately $101 million remaining, the Agency estimates that the program can assist an additional 6,400 homeowners. Based on these projections, OHFA will no longer accept registrations after April 30. OHFA will continue to process completed registrations until July 31. The Agency expects to close all remaining applications in 2015, more than two years ahead of the U.S. Department of the Treasury's 2017 program deadline.
OHFA encourages Ohio homeowners facing default or foreclosure to visit www.savethedream.ohio.gov to learn more about the program, complete a few simple questions to determine eligibility and register. Individuals can also register by calling the toll-free Save the Dream Ohio hotline at 888-404-4674.
In August, the Agency announced approval from the U.S. Department of the Treasury to utilize up to $60 million of uncommitted program funds to assist with preventing foreclosures and stabilizing local property values through the removal of blighted and vacant properties. OHFA will announce the results of the first round of funding for the Neighborhood Initiative Program on February 28.
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About the Ohio Housing Finance Agency
OHFA is a self-supporting quasi-public agency governed by an eleven member board. The Agency uses federal and state resources to provide housing opportunities for families and individuals through programs designed to develop, preserve and sustain affordable housing throughout the state of Ohio. OHFA is also the administrator of the state's foreclosure prevention program, Save the Dream Ohio.
Don’t wait another minute. Homeport can help YOU now – even if you have missed several payments or have received foreclosure documents. Foreclosure prevention counseling is available for individuals and families who have fallen behind with their mortgage payments. The goal is to provide the information and tools necessary to maintain home ownership by identifying the cause of default or delinquency, intervention strategies, and reviewing budgeting skills. Financial assistance is available through the Ohio Home Rescue Fund for those who qualify.
Call 614-221-8889 ext 134 to discuss this or other programs.
Homeport is proud to support Bike the C-Bus, a collaboration of Yay Bikes! and Long Street Businessmen's Association, for the sixth year. The 2013 edition of the ride will start and finish in front of the historic Lincoln Theatre at the Homeport Gallery. The route will also highlight North of Broad where our Homeport Home Ownership department is continuing neighborhood revitalization on North 20th and 22nd, plus NOBO on Long Condominiums on the corner of East Long and North 21st Street.
Through Columbus City Schools’ School Choice/Lottery program, parents have multiple options when it comes to sending their kids to school. Both Community Choice and Interdistrict Open Enrollment apply to conventional school lottery applications. A Community Choice school is one within your own Elementary Community or the Center City Community. An Open Enrollment school is a school in a community other than those designated Community Choice for you.
Whether your child has an interest in science, math, technology, arts, literature, or project adventure, this process allows families to apply to schools that best suit their needs.
While any family may apply for open enrollment, the lottery program does give priority to residents of certain communities.
For more information and to find out if you could be eligible for priority in the lottery process, visit the Columbus City Schools website and click on “Enroll Today” to learn more!
When you look closely at a Homeport home, you will notice a number of features that aim to increase the convenience, safety, and sustainability of your space. So keep your eye out for the new informational graphics that highlight each home’s distinctive features.
1ST FLOOR LAUNDRY
You never have to carry your laundry to the basement!
Age in place – enjoying the seclusion and simplicity of no stairs!
OPEN FLOOR PLAN AND 9-FOOT CEILINGS
Means unlimited furniture arrangements and a large, airy, comfortable space!
More privacy for everyone because bedrooms don’t have shared walls!
LIVING IN A HOMEPORT NEIGHBORHOOD
You’ll be a member of a strong, proud, and active community where you know your neighbors!
If a fire breaks out in the home, no matter where, everyone will be quickly alerted.
Lower utility bills in the summer. Better air quality in the home!
The basement is easily finishable!
HIGH EFFICIENCY FURNACE AND AIR CONDITIONER
Lower energy costs for you all year round!
VIEW OF DOWNTOWN
A quick commute and an easily walkable community!
ENERGY STAR APPLIANCES
Save on your utility bills, and help the environment!
Protects your home and possessions!
VENTED GLASS BLOCK WINDOWS
Provides security, privacy, and fresh air in the basement!
SOLID WOOD CABINETRY
High-quality, long lasting cabinets, with no VOC for better air quality!
CONTINUOUS VENT FAN
Reduces humidity and increases fresh air!
Guests don’t have to walk to the 2nd floor, and your master bath remains private!
INTEGRATED GARAGE (for condos & select models)
Easy entry into your home!
Leave your dirt at ground level!
TERRACE OFF KITCHEN (for condos)
More light indoors and entertainment space outdoors!
LAUNDRY IN MASTER CLOSET (for condos)
No need to move clothes all around the house!
*While some features are exclusive to certain homes/neighborhoods, our attention to detail ensures that each home has certain characteristics that set it apart from the competition!
[linkbox icon='briefcase' url='/buy/contact-home-ownership/']Call Angela today at 614-545-4826 to find out which homes have the features you’re looking for![/linkbox]
Over 70 friends joined the Board and staff of Homeport for our 1st Annual There’s No Place Like My Home Fundraising Breakfast on May 17th at Franklin Park Conservatory.
This event showcased how we Build Vibrant Communities, in addition to our plans to increase the quality and the amount of affordable housing and related services this year. Our guests heard from clients and residents that benefit from Homeport’s services and viewed the premiere of our new My Home video made possible by PNC Bank.
Yes, this was a fundraiser, too. Our job at Homeport was to inspire our friends to want to give or get involved in other ways. The response was far greater than we expected.
We would like to thank Shremshock Architects & Engineers for their support of the event.
Remember, you can still help us give more families a place to call My Home by donating! Click here to make a donation today.
Franklin County and the City of Columbus are adopting the AWARE Green/Universal Design Manual as the performance standard for the construction and renovation of federally-funded residential projects. AWARE stands for:
The AWARE Manual was designed to achieve Enterprise Green Communities Standards.
The AWARE Manual will provide new and existing housing stock to residents of Franklin County and Columbus that is healthier, more accessible, resource conscious, and environmentally friendly. The City and County are committed to promoting AWARE green and universal design standards of construction throughout Franklin County and Columbus.
- Testing and mitigating radon gas, if necessary, (a main cause of lung cancer)
- Active/forced or passive air systems to bring fresh air into the home
- Ventilation to remove moisture, which causes mold and mildew
- Integrated pest control using non-chemical methods
- Low/No VOC products:
- Floor tiles and sheet goods
- Bathroom and kitchen cabinets
- No-step entry (making it wheelchair accessible)
- Wider doorways and halls (making them wheelchair accessible)
- Wider stairways (for future installation of a stair lift)
- 1st floor bath and bedroom (making home accessible to all)
- Providing floor space and fixtures to accommodate wheelchair access in bathrooms and kitchens
- 1st floor laundry (accessible to all)
- Lever handle faucets (easy operation for all)
- Lever handle door locks/latches (easy operation for all)
- Wood blocking in the walls (for future installation of grab bars)
- Positioning the height of wall outlets, switches, thermostats, door locksets and cabinet handles (accessible to all)
Resource and Energy Conscious Homes
- 90% + gas forced air furnaces
- Water-saving plumbing fixtures
- shower heads
- Better house insulation
- Using Energy Star-Rated:
- Windows and doors
- Light fixtures
- Hot water heaters
- Recycling construction waste
- Using recycled materials/products
- Using a detailed framing plan to reduce material waste wood without compromising structural integrity
- Creating a framing order waste factor limit holding the waste material to 10% or less
- Using pre-cut or pre-assembled building systems or methods
- Use materials from renewable resources or agricultural byproducts
Below are just a few scenarios, contact the Homeport Housing Advisory Center at 614-221-8889 ext 134 or our contact form, if you believe you may have been the victim of a scam.Ask yourself the following questions:
Did anyone contact you offering assistance to modify your mortgage, either directly by telephone, or by other means such as by mail or a flyer?
Were you guaranteed a loan modification or asked to do any of the following: pay a fee, sign a contract, redirect mortgage payments, sign over title to your property, or stop making loan payments?
Phony Counseling or Foreclosure Rescue Scams
The scam artist poses as a counselor and tells you he can negotiate a deal with your lender to modify your loan or save your house—if you pay him a fee first. Once you pay the fee, or a few mortgage payments, the scammer disappears with your money.
Fake “Government” Modification Programs
Some scammers may claim to be affiliated with, or approved by, the government, or they may ask you to pay high, up-front fees to “qualify” for government mortgage modification programs. The scammer’s company name and Website may sound like a real government agency, but the Website may end with .com or .net instead of .gov.
Forensic Loan Audit
The scammer who may be called a forensic or mortgage loan “auditor” offers to review your mortgage loan documents to determine whether your lender complied with state and federal mortgage lending laws. The scammer will usually require that you pay a fee to start the process. The scammer may say you can use the audit report to avoid foreclosure, accelerate the loan modification process, reduce your loan principal, or even cancel your loan. There is no proof that a forensic loan audit can save your home from foreclosure although it’s conducted by a licensed, legitimate and trained auditor, mortgage professional or lawyer.
Mass Joinder Lawsuit
The scam artist, usually a lawyer, law firm or a marketing partner will promise that they can force your lender to modify your loan. They will tell you that by joining other homeowners in a mass joinder lawsuit against a particular lender, you will be able to stop a foreclosure, reduce your loan balance or interest rate, receive monetary damages, or even receive title to your house free and clear. Mass joinder lawsuit scammers will try to “sell” you participation in a lawsuit against your mortgage lender, claiming that you cannot participate in the lawsuit until you pay some type of fee.
The scam artist convinces you to sign documents for a “new loan modification” that will make your existing mortgage current. This is a trick. You actually just signed documents that surrender the title or deed of your house to the scam artist in exchange for a “rescue” loan.
Rent-to-Own or Leaseback Scheme
A scammer urges you to surrender the title or deed of your home as part of a deal that will let you stay in your home as a renter and then buy it back in a few years. He may tell you that surrendering the title will permit a borrower with a better credit rating to get new financing—and keep you from losing your home. However, the scammer may have no intention of ever selling the home back to you. But the terms of these deals usually make buying back your home impossible. Worse yet, when the new borrower defaults on the loan, you’re evicted.
Short Sale Scam
Scammers, sometimes called “short sale negotiators” or “short sale processors,” may promise to expedite a short sale and usually require you to pay a fee, which is illegal in many states. A short sale may be a legitimate option for a homeowner in default or homeowner who is current yet the value of the home has fallen -- if the lender agrees to the short sale. But homeowners should only work with a licensed real estate professional or licensed real estate attorney since the law requires that the person be properly licensed to negotiate the short sale with your lender.
Bankruptcy to Avoid Foreclosure
The scammer may promise to negotiate with your lender or get refinancing on your behalf if you pay a fee up front. Instead of contacting your lender or refinancing your loan, he pockets the fee and files a bankruptcy case in your name—sometimes without your knowledge.
A bankruptcy filing often stops a home foreclosure, but only temporarily. Filing bankruptcy stops any collection and foreclosure while the bankruptcy court administers the case. But, eventually you must start paying your mortgage, or the lender will be able to foreclose.
These are just a few scenarios, contact the Homeport Housing Advisory Center at 614-221-8889 ext 134 or our contact form, if you believe you may have been the victim of a scam.
Call us today at 614-545-4826 to see if you qualify for below market 30 year fixed financing! Or, send us a message with our web form.
It’s a great time to buy a NoBo on Long Condominium, with payments as low as $650/month!
- Carefree, convenient condominium living
- Energy-efficient 1 and 2 bedroom townhomes with garage
- Select your own finishes!
- Low fixed interest, no PMI, and low down payment mortgage options available*
- Reduced taxes on all units!
- Ask about grants and current offers
- More information at NoBo on Long Condominium section
*For qualified buyers.
Call us today at 614-545-4826 to see if you qualify for below market 30 year fixed financing!
Mayor Michael B. Coleman today joined Homeport (aka Columbus Housing Partnership) President/ CEO Amy Klaben and Senator Sherrod Brown together with Councilmember Priscilla R. Tyson, Franklin County Board of Commissioners President Paula Brooks and American Addition residents for a new home tour event celebrating the completion of six single-family homes. The six homes located on Lee Avenue in the American Addition neighborhood are being constructed with the strategic use of funds from the National Stabilization Program 2 (NSP2) by both the City and the County.
“In these new homes, we’re seeing how Columbus and its residents are using federal funding to attract businesses, families, and young people to the neighborhood,” Brown said. “By rebuilding neighborhoods devastated by the economic crisis, we will improve surrounding property values, create new jobs, and foster long-term economic growth.”
The homes constructed by KMM Builders and designed by Sullivan-Bruck Architects and Kaiser Design Group range from 1,488 to 1,641 square feet. Five of these homes are three bedroom/two bath in a range of models and one home has four bedrooms/three bath. All six meet the green AWARE standards and have detached two car garages. Prices range from $117,000 to $119,000 and are available to income-qualified buyers. All new homebuyers will complete the HUD-certified home buyer education classes in Homeport’s Housing Advisory Center.
“With these new homes, the transformation of American Addition is truly underway,” Mayor Coleman said. “This neighborhood has a great history, and thanks to Homeport and all our partners, it will have a bright future.”
Through the revitalization of this neighborhood, Homeport will build a mixed-income community comprised of 100 energy-efficient, high quality homes. American Addition is located in North Central Columbus just 3.5 miles from downtown.
“We have been working to get revitalization efforts underway in American Addition. We can now walk down Lee Avenue and see another example of the impact that NSP2 funds are having,” Amy Klaben said. “We have received a steady stream of interest in these 6 new homes and already have two offers on the table. People are excited about new energy-efficient housing options so close to downtown.”
“The American Addition is an important piece of the fabric of Columbus’ past,” said Councilmember Priscilla R. Tyson, chair of the Finance Committee. “Generations of mostly African American families have called this area home and now this partnership between the City, County, federal government and community are revitalizing this important neighborhood.”
“This shared investment by the County Commissioners and the City of Columbus shows true partnership in addressing the housing needs of our community,” added County Commissioner Brooks. “As these homes were built, our strategic investment also put people to work – laborers, contractors, carpenters and builders.”
Homeport anticipates future phases of single family homes will follow the planned infrastructure improvements.
Homeport administers this Down Payment Assistance Program in order to assist low- and moderate-income households in financing the acquisition of a home. To be eligible, you must meet program guidelines. The funds for this program are limited. As such, they will be available on a first-come, first served basis.
Homeport received a grant from the Ohio Housing Trust Fund to provide down payment assistance to eligible Franklin County residents. The State periodically reviews these regulations and from time to time may make modifications, which Homeport may have to institute to remain in compliance with the grant regulations.
Geographic Location - The property must be located inside Franklin County.
Eligible Property - The property must serve as the principal residence for the borrower. The type of property can be an existing residential single family home that is decent and safe or newly constructed residential property, which has received a Certificate of Occupancy. The home must be in compliance with local housing codes.
The applicant(s) must be a first-time homebuyer, or must not have owned a home in the past three years.
The applicant(s) must earn at or below 65% of the HUD income guidelines for Columbus metropolitan service area‘s median income adjusted for family size. Total household income is used when calculating gross income.
The applicant(s) must not have liquid assets which exceed $5,000 (excluding 401K and pension funds).
Homeport will administer down payment and closing cost assistance to eligible homebuyers in the form of 0%, deferred loans. These loans will be forgiven after five (5) years. The entire balance will be due and payable at resale or transfer during the first five (5) years. The loan amount represents 3% of purchase price or maximum of $3000.00 whichever is less, to be applied toward the required down payment and closing costs.
At the time of application to Homeport for down payment assistance, the buyer must have $500 of their own funds available, exclusive of loans or credits, to contribute as equity. If the first mortgage loan is a FHA insured loan, the borrower must have an investment of 3% of the purchase price from other acceptable sources. These funds may include amounts paid for the purpose of credit report fees, appraisals, inspections and/or down payment.
The applicant will execute a Note and a Mortgage Deed with Homeport on behalf of the Ohio Department of Development as evidence of the loan. To assure long-term affordability, the Note stipulates that if the beneficiary does not remain in the home for five years, the loan will become due and payable. Subletting or renting, even on a temporary basis, is not permitted. The applicant must return to Homeport for an additional budgeting counseling session within 6 months after closing on the loan.
The first mortgage loan must be a conforming fixed interest rate. The interest rate may be no more than 2% more than the current market rates.
This down payment assistance loan is not assumable by a third party. The Mortgage Deed signed by the applicant will prohibit additional loans on the property.
If FHA financing is obtained, a complete copy of the FHA appraisal with Valuation Condition Sheet must be supplied with the application to Homeport. If the applicant obtains a Conventional loan, a copy of the home inspection should be supplied to Homeport. Homeport assumes no responsibility to borrower, the Ohio Housing Trust Fund, or any other person with respect to Homeport’s review of an appraisal, inspection report, or inspection of the Property, and may not be relied upon by the borrower for any purposes whatever.
Homebuyer Education must be provided by Homeport or any other HUD certified housing counseling agency and a certificate of completion must be submitted to Homeport at time of application. No Fast Track to Quick Start certificates will be accepted.
To find out more about this program please call Call 614-221-8889 ext 148
2012 will no doubt be a momentous year at American Addition. We are already looking forward to the first round of homes being completed - just a month after the national airing of the Extreme Makeover of the Rhodes' home. The first three homes should be finished by January 15th. Another three will be completed by the end of February. Please stay tuned for updates on the construction progress, and see below for a slideshow with the most recent pictures.
When you bring a client to Homeport Home Ownership, our staff partners with you to guide your client through the process and programs specifically available to them through Homeport. Advantages of a Homeport home include:
- High quality, energy efficient homes at affordable prices.
- Potential to make color selections on new construction homes.
- Flexible down payment assistance programs.
- Grant money and forgivable second mortgages for principal reduction.
- Tax abatement on specific projects resulting in lower monthly payments.
- Exceptional financing products for traditional and challenged credit buyers
- Educational programs at the Homeport Housing Advisory Center to create sustainable home ownership.
Call us today at 614-545-4827 to see if your client qualifies for below market 30 year fixed financing!
NoBo (North of Broad) part of the King Lincoln District North of Broad is a development in the King-Lincoln District, developed by Homeport, www.HomeportColumbus.com, in collaboration with the City of Columbus. The vision for North of Broad (NOBO) is to develop an economically diverse urban community that sets a new standard in Columbus for neighborhood revitalization. We’re right downtown. Ideally located just minutes from downtown Columbus and the airport. Our homes are grand and we’re Columbus’ center for Jazz. Things are boppin’ at North of Broad. In a three block area we have built over 30 new homes and renovated several historic homes.
The NoBo Community is being revitalized as new residents work side by side with long-time residents to form block watches, tend community gardens and build a new civic association.
FOR IMMEDIATE RELEASE
April 29, 2009
HUNTINGTON BANK AND COLUMBUS HOUSING PARTNERSHIP ACT
TO STABILIZE HOMEOWNERSHIP IN CENTRAL OHIO
$10 million, 3-year program to help families avoid foreclosure and buy homes
COLUMBUS, Ohio – Columbus Housing Partnership (CHP) and Huntington Bank took unprecedented action today to stabilize home ownership in Central Ohio. The 3-year, $10 million Huntington Homeownership Alliance, a Strategic Partnership with CHP, will help an estimated 9,000 households through housing counseling, foreclosure avoidance services and affordable mortgages. The mortgage programs will enable at least 100 people to purchase homes here inCentral Ohio.
“Homeownership strengthens our families, our community and our economy,” said Huntington President and CEO Stephen D. Steinour. “CHP has an established record for helping individuals get back on track so they can remain in their homes. Huntington is proud to enter into this strategic partnership with CHP on this groundbreaking program to stabilize Central Ohio neighborhoods. We think that CHP will help us develop better tools and processes for working with homeowners in all of our markets where we service over 185,000 mortgages.”
CHP President and CEO Amy Klaben said the organization has experienced significant increase in demand for services and expects it to increase for the foreseeable future as Central Ohio families struggle to maintain homes in the current economy. “We are excited to have Huntington as our partner in expanding delivery and services and in making homeownership possible through affordable funding. Through this strategic partnership, Huntington demonstrates their commitment to finding creative ways to engage the community and help address challenges.”
CHP services will also be expanded through a new virtual “Homeownership Center.” The online tool will use Web distribution and chat capabilities to provide financial education resources to a broader audience.
“In these tough times, it is gratifying to see our community come together to make the City ofColumbus an even better place to live,” said Mayor Michael B. Coleman. “I applaud Columbus Housing Partnership and Huntington for their efforts. The Huntington Homeownership Alliance with CHP compliments our efforts to revitalize Columbus neighborhoods, and is a model for others to follow.”
Nine thousand households are expected to take part in the joint program, receiving counseling from CHP. In addition, Huntington will fund for CHP $10 million in 30-year, fixed-rate mortgages with low closing costs and potentially below-market interest rates, available to anyone purchasing CHP homes.Huntington associates and mortgage clients will receive special invitations to participate in CHP programs.
Lastly, the Homeownership Alliance will also enable CHP to better respond to the foreclosure crisis affecting our community. This innovative partnership will provide the tools and products necessary to address the needs of Central Ohioans and expand those services to those in need of homeownership and foreclosure-related services. In addition to other support, Huntington will provide match-funding for establishing new and growing existing activities and programs.
To learn more about CHP programs, visit www.homehelp.org or call 614-221-8889.
Huntington Bancshares Incorporated (www.huntington.com) is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Huntington has more than 143 years of serving the financial needs of its customers. Huntington’s banking subsidiary, The Huntington National Bank, provides innovative retail and commercial financial products and services through over 600 regional banking offices in Indiana, Kentucky, Michigan,Ohio, Pennsylvania, and West Virginia. Huntington also offers retail and commercial financial services online at huntington.com; through its technologically advanced, 24-hour telephone bank; and through its network of almost 1,400 ATMs. Selected financial service activities are also conducted in other states including: Private Financial and Capital Markets Group offices in Florida and Mortgage Banking offices in Maryland and New Jersey. Huntington Insurance offers retail and commercial insurance agency services in Indiana, Ohio, Michigan, Pennsylvania, and West Virginia. International banking services are made available through the headquarters office in Columbus, a limited purpose office located in the Cayman Islands, and another located in Hong Kong.
About Columbus Housing Partnership (CHP)
Columbus Housing Partnership (CHP) (www.chpcolumbus.org) is a private, nonprofit organization founded in the belief that a decent and affordable home is the cornerstone of family life and a healthy community. Columbus Housing Partnership provides quality, affordable housing and related services to low to moderate-income households in Columbus and the surrounding area. Since its inception in 1987, Columbus Housing Partnership has developed 4,000 affordable homes, which have served 23,000 people.
CHP offers free and convenient housing counseling programs which address the underlying social and economic needs facing families within Central Ohio. Programs include Home Buyer Education, Financial Fitness, Credit and Budget Counseling, Home Maintenance Workshops and Foreclosure Prevention Workshops and Counseling. In 2009, CHP will serve 2,600 families through these programs. Columbus Housing Partnership offers both affordable rental and home ownership opportunities throughout Columbus and the surrounding region, and provides programs that offer residents support and the opportunity to keep their homes and families stable, safe and secure. Through these programs and a number of out of and after school programs, Columbus Housing Partnership is a partner in building communities and enhancing the lives of its residents.