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Homeowner Partner Opportunities Selection Criteria How to Apply | ||||
Homeownership Program
Have you ever dreamed of owning your own home in a decent neighborhood? If so, Habitat for Humanity of Greater Portland may be able to help you achieve your dream.
Habitat for Humanity of Greater Portland is non-profit ecumenical housing organization dedicated to providing simple, decent and affordable housing for qualified families in Cumberland County.
Eligibility Requirements: Live and/or work in Cumberland County and have done so for at least one year. You must be able to afford a monthly housing payment of at least $750. And most importantly be willing to volunteer with Habitat to build houses.
Institute for Financial Literacy Partner since 2006
Habitat for Humanity of Greater Portland and the Institute for Financial Literacy have formed a partnership in which the Institute provides counseling and education sessions to Habitat prospective and existing homeowners. The Institute provides financial literacy education courses to prospective Habitat homeowners. This education provides them with the basic financial management skills necessary for successful homeownership. Pre-closing counseling sessions provide support and information for prospective Habitat homeowners about to take possession of their home. The session consists of constructing a balanced monthly budget based on projections for the additional costs of homeownership and discussing the importance of monitoring cash flow on a monthly basis. Potential cash flow problems are identified, and a final recommendation is provided to both the prospective Habitat homeowners and Habitat prior to closing on the home. After the Habitat homeowners has closed on the home, a post-closing counseling session is conducted based on the homeowner’s actual expenses. Occasionally the Institute also provides delinquency counseling sessions to existing Habitat homeowner’s who are experiencing difficulty in paying their mortgage. The focus of these delinquency counseling sessions is reviewing the homeowner’s budget and assisting the homeowner in evaluating their spending habits. In most cases the delinquency counseling sessions have positive results and the homeowner’s are able to get back on track. P.O. Box 1842 Portland, ME 04104 Phone: 207-879-0389 Fax: 207-221-3691 |
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