KNHS recently spoke with Jacquelyn, who purchased her Edison Neighborhood home many years ago, through KNHS. Jacquelyn also used KNHS loan and grant products in order to rehabilitate her home over the many years she has been a homeowner. To learn more about Jacquelyn’s story, watch the video, or call our office today!
In the spirit of service learning, Kalamazoo Neighborhood Housing Services, Western Michigan University, and AmeriCorps have partnered to pilot a financial education series in Spanish. The first workshop will be on April 1st from 6:00 PM to 8:00 PM at 816 Washington Ave, Kalamazoo, MI inside Edison Neighborhood Association’s Community Room. This workshop will address goal setting and budgeting, understanding the credit game, and asset building through financial products. Through financial education, these organizations aim to bring together and strengthen the Hispanic community of Kalamazoo, especially empowering monolingual residents to make informed financial decisions.
Organizers extend an invitation to anyone interested in attending the event. This is an open event but will be conducted in Spanish. If you would like to volunteer, help to market the event, or want to attend with a group please contact Crystal Elissetche at 269.364.2548 or via email at Fcdept@knhs.org.
KNHS continues to be a leader in foreclosure prevention, helping individuals and families throughout southwest Michigan sustain homeownership and maintain a stable place to call home. This year, KNHS has assisted more than 250 in preventing foreclosure or resolving their mortgage delinquency. Anyone seeking KNHS’s assistance is provided a direct plan of action for what would best assist their situation.
KNHS is working in partnership with MSHDA, NeighborWorks America and more than 700 housing counseling agencies across the country to help families struggling with their mortgage payments apply for help from the Federal government’s Making Home Affordable Program. KNHS also continues to be a leader in coordinating Michigan’s Step Forward program to help families dealing with a permanent or temporary loss of income avoid foreclosure.
Call today. 269-364-2548. Ask for Crystal.
Congratulations to LISC (Local Initiative Support Corporation) for 25 years of service in Kalamazoo. This national intermediary is instrumental in community development in Kalamazoo. KNHS benefits from LISC’s help, including technical support, financial support, and organizing support, every year. We’re looking forward to many more great years to come!
KNHS Lease Purchase participants and staff (#Team LP) are rounding the bases to make it home. Over the next few months, KNHS has three Lease Purchase participants set to become homeowners. In this current economy we know how hard it is to drive down debt, increase savings and raise your credit score. Our Lease Purchase clients with the help of our experienced staff have been doing just that. So, congratulations to our participants for working their way through the KNHS Lease Purchase Program and into their own homes. Keep up the good work! (Go #Team LP!)
Since 1981, KNHS has provided ladders of opportunity to the Kalamazoo community through a variety of specialized loan products, free financial education services, free credit-repair services, and free foreclosure prevention counseling. Financial and Homeownership Education are crucial pieces of KNHS programming. The KNHS team work tirelessly towards building a culture in which people can take ownership of their future through financial self-sufficiency. According to the Federal Reserve Bank of Atlanta, individuals who are less financially literate are 2/3rds more likely to have a high cost mortgage loan and suffer a foreclosure than those who are better financially equipped. Through education and coaching, KNHS is helping low to moderate income families have a fair start in the path towards homeownership and is also helping vulnerable families rebuild after the Great Recession.
Financial Management classes at KNHS are fun. For example, this past Saturday our current class of 8 shared stories about the different methods they have used for budgeting and saving. It is amazing to see how we inherit some of these habits from our parents. Some participants shared the use of the “envelope method”. This was the same method my grandmother used and that I took as a learning tool to help in budgeting for things that I wanted to save for with my weekly allowance. Many of the participants in the class found this intriguing as we discussed a way to utilize this method of saving and spending with our bank accounts. We discussed how to set up multiple savings accounts and to label them, as you would with the “envelope method” such as, vacation fund, groceries, clothing, etc….
We also discussed how our own money skills make for a great opportunity to pass down healthy habits to our children and grandchildren.
This was a lively, fun class and I just hope the students got half as much out of it as I did.
Call me, Debra Ritsema-Stafford if you want to start getting your finances to work for you. 269-364-2531