Rebuild the Dream – Battle Creek, MI

2. Rebuild the Dream Battle Creek!

6. Rebuild the Dream Battle Creek!

7. Reasons to rebuild… Home ownership is a commitment; but it is also: Opportunity to build equity for your family; Be your own landlord; exercise greater control over your environment; Provide a more stable environment for your children; Living in healthy neighborhoods and homes provides children better foundations to grow intellectually and physically; Invest in your community and build long-term social relationships;

8. Bring ‘em back home! Our neighborhoods have lost many good families. As we begin to rebuild our future, we will also have a positive impact on the entire community. In Battle Creek there are many wonderful neighborhoods with great families living in them enjoying the legacies left by the families that built them years ago.

9. Rebuild the Dream Battle Creek! We’re looking for families that we can help get on the fast track to buy a home and begin to build value. The markets have changed and it’s even more important to make informed choices, especially if it’s your first time buying.

10. We did it! We bought a home from Neighborhoods, Inc. “In March 2011 we bought a home from Neighborhoods, Inc. Our new home is located in one of Battle Creek’s oldest neighborhoods. My husband and I feel like we have found some stability for ourselves. We are happy that we chose home ownership.”

11. Once in a lifetime! Right now, in Battle Creek, there are three home ownership programsthat could make a huge difference in the future of your family or someone you know. Neighborhoods, Inc. has seven fully remodeled and energy efficient houses for sale through its HOME Investment Partnership with HUD and the City of Battle Creek; The City of Battle Creek and the Calhoun County Land Bank, along with the Michigan State Housing Development Authority (MSHDA) have collaborated to add 62 more fully remodeled and energy star rated homes. We believe these are truly unique opportunities

12. Get on the fast track! Call 269-968-1113 or visit our website: www.rebuildthedream-battlecreek.org

13. Home Buyers Fast Track Stay informed If you are a first-time buyer or you’re buying for the tenth time, it’s important to refresh your knowledge of the buying process. We can help with that!

14. Home Buyers Fast Track Fast Track Training & Coaching Schedules Both home buyer programs require that prospective buyers attend eight hours classroom training prior to purchasing a program home. Neighborhoods, Inc. provides that training through flexible class schedules and individual coaching. Sessions are every Thursday at 6PM at Neighborhoods, Inc. offices. Topics Presented Basic Financial Planning& Money management Savings & Investment Banks & Institutions Credit Predatory Lending& Identity Theft Taxes & Insurance Homebuyer Education

15. Special Home Buyer Programs Use on web site “Do I Qualify” HOME Investment Program NSP Home Buyer Programs The HOME Investment Partnership is a program of the U. S. Department of Housing and Urban Renewal (HUD). The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. NSP was created from funds appropriated by Congress in the Housing and Economic Recovery Act of 2008 (HERA).

16. Home Buyer’s Program Use on web site “Do I Qualify” Battle Creek Area Median Income (AMI) = $55,200 NSP Eligible Buyers may earn up to 120% of the AMI or $66,350 per year for a family of four. A portion of NSP homes are reserved for families with household incomes at 50% of the AMI or $27,600 for a family of four. HOME Program Buyers may earn up to 80% of the AMI or $44,250 per years for a family of four. Buyer Income Eligibility

17. Home Buyer’s Program Use on web site “Do I Qualify” Special features of HOME and NSP Programs 80% First Mortgages Forgivable Second Mortgages up to 19% of Price Seller Paid Closing Costs Affordability Periods – a period of time following closing that the buyer must occupy the home as primary residence. < $15,000 Forgivable Second Mtg. Funds = 5 Year Affordability Period $15,000 - $40,000 = 10 Year Affordability Period

18. The Rebuild the Dream All Newly Remodeled Homes Energy Star Certified Energy Efficiency 19% Forgivable Financing Great in-town neighborhoods The Houses

19. Sample Program Purchase Use on web site Can apply to all 3 home buyer programs Sample Home Purchase Five Year Analysis

20. The Rebuild the Dream Progressive Open House Tour Rebuild the Dream is a very significant event for all of Battle Creek. The mission of this multi-layered program is to excite and empower people to buy houses in Battle Creek, and then sell them a HOME Program, NSP1 or NSP2 rehabbed home. With the three federal programs providing funding, homeownership is more attractive than ever before. In essence, we want to celebrate and reignite energy behind the concept that home ownership is still the American Dream.

21. The Rebuild the Dream Progressive Open House Tour June 7, 2011 – Sponsors and Partner’s Kick off Luncheon at BCCC to recognize National Home Ownership month and National NeighborWorks Week. July 16 and 17 - 20 houses open to view in at least 3 neighborhoods July 17 at 4PM – BBQ at event headquarters 104 Calhoun Street

22. The Rebuild the Dream Battle Creek Partners City of Battle Creek Michigan State Housing Development Authority (MSHDA) U. S. Department of Housing and Urban Development (HUD) Neighborhoods, Inc. of Battle Creek

23. Our families have endured an exceptional period in history. Although there is still work to do, we must begin to rebuild and move forward. We can now show you some exceptional opportunities for home ownership that will build value and benefit your family, and this community, for years to come. Come join us!