HOUSING NEWS - NHSSA

June-July 2017

NHSSA Mission Statement

Building successful families and communities

through housing opportunities.

 

NHSSA Launching Community Awareness Efforts on New First Lien Mortgage Loan Program

Neighborhood Housing Services San Antonio (NHSSA) is getting ready to launch a community outreach campaign designed to create awareness about the organization’s new first lien loan service. 

“We are extremely pleased to be able to offer this new loan service to our customers,” said NHSSA Interim Executive Director Ellie Maybee. “Our staff has been certified to handle these types of mortgages so we’re ready to jump into the market as a full service loan provider.”

NHSSA is still providing second lien loans to help families with down payments and closing costs. But the new first lien loans will give the organization greater capability to offer a one-stop home buying experience.

“Many of our banking and mortgage company partners refer their potential clients to NHSSA for our great First-Time Homebuyer’s Classes and some credit counseling,” Maybee noted. “After a family is qualified to buy a home, we would then have to refer them elsewhere for that all-important first lien loan. Today, we can be another choice for homebuyers for those first lien loans.”

Maybee explained that they will continue to support customers in finding the best loan deals for their families, even if it isn’t with NHSSA.

“Because we are a non-profit, our goals focus on customer satisfaction and promoting homeownership in the San Antonio community,” Maybee said. “And so creating partnerships with other lenders and helping out however we can is how we can be successful for families and the city.”

Read all about NHSSA’s loan opportunities at www.NHSofSA.org/loans.

NHSSA Closing on New Homes and Rehabs

San Antonio’s housing market continues to boom with the buyers snapping up the inventory of houses on the market. Neighborhood Housing Services San Antonio is having its share of success in placing families in homes as well. Its construction program is in full swing and has finished some home rehabilitation projects, agreed to contracts on new homes being built and closed loans on new homes for customers. 

“Owning a home is not just in the best interest of the homeowner. Homeownership provides social stability, builds communities and is a boost for our economy,” said NHSSA Loan Manager Patty Sanchez. “Those are just a few reasons NHSSA knows that our work in helping first-time homebuyers acquire their home is important and helps more than just the new homeowners.”

Here are some key statistics about the positive aspects of home ownership in America.

  • Homeowners move far less frequently than renters, making it easier to build community networks and support systems.

  • Children of families who own their homes are more likely to graduate high school and earn more income later in life.

 

“When we help a family secure a home, we’re helping that family and our overall community. And that’s really a good feeling for everyone involved,” Sanchez concluded.

Read all about NHSSA’s loan opportunities at www.NHSofSA.org/loans.

NHSSA Home-Buying Counseling Creates Path Forward

Fred Elsner

Irene Avalos

Every applicant to the NHSSA loan program is given the opportunity to take advantage of our home buyer counseling. During a typical home buyer counseling session, the housing counselor will do the following:

A personalized Credit and Budget Analysis – The counselor assesses your financial profile - including your employment history, credit history and assets - to determine which steps you need to take to be ready to begin the home buying process.

A personalized Affordability Analysis – Considering your stable income, your assets and your financial obligations, your counselor will determine how much home you can afford so you can begin shopping for your home.

A personalized Action Plan – This will serve as your step by step guide to successful home ownership. Your NHS counselor will work with you every step of the way to get you ready to purchase a home.

Once you work through your personalized plan, NHSSA can refer potential homebuyers to many of the organizations lending partners. NHSSA can also help with a down payment assistance loan which will reduce the amount of cash that would typically be required for a home purchase.

You can read more about financial counseling at: www.NHSofSA.org/loans.

NHSSA Receives Thumbs Up on Most Recent Financial Audit

Neighborhood Housing Services SA recently received another “clean audit report, ” which essentially states that the organization is in sound financial condition and operating by all of the guidelines required for nonprofit organizations. Each year, NHSSA hires an independent auditor to investigate the accuracy of its accounting records and internal controls. At the conclusion of the audit, the auditor issues a report outlining any financial or reporting problems the organization might have and what the organization is doing to remedy any problems.

“We’re very pleased to have received this encouraging statement about NHS operations and finances,” said Ellie Maybee, NHSSA director of finance and operations. “It demonstrates to our funders and partners that we have a positive financial position in order to continue investing in the community.”

NHSSA Celebrating Upward Trends in Service Numbers

Neighborhood Housing Services San Antonio has been serving the San Antonio community for more than 30 years. But, the past 12 months have been particularly positive with the organization making significant progress in services designed to help low to moderate income first-time homebuyers achieve home ownership. As NHSSA always states, success is accomplished through focused staff work, generous business partners and clients who are willing to follow NHSSA advice. That formula has generated some impressive numbers for the 2016-17 fiscal year. Take a look!

“When you’re putting together goals for a year, we like to talk about what we think we can accomplish with the resources we have available, and then add a little bit to the numbers we want to achieve,” said Adolph Torres, NHSSA executive director. “So, we were very pleased when we were able to exceed the majority of 2016-17 goals. We knew everyone was working hard to help our clients, and the numbers bear that out.”

Of the 10 major categories the organization measured for the year, NHSSA exceeded seven of those metrics. The other three were within 92 percent of the target goals.

“Two of NHSSA’s primary services have to do with our homebuyer education classes and loans we provide to families to help them with downpayment assistance,” Torres explained. “We exceeded our homebuyers class graduates by 44 percent with 207 students completing our courses. On the loans side, we surpassed our goal by 56 percent in closing 78 loans for customers. When you look behind the numbers, you see that we’re making great progress in helping families learn what it takes to be responsible homeowners, and we’re financially sound so that we can continue to provide loans people need to make that homeownership possible.”

Other standout categories for the organization included reducing payment delinquencies from 17 percent to 14.44 percent, increasing the number of client counseling sessions to 112 versus the 100 targeted and a rise in customer intakes to 329 as compared to the projected 300.

“Throughout the year, the staff has really done a nice job at keeping track of how we were doing on our metrics, and adjusting operations when necessary,” said NHSSA Board Chair Gene Bargas. “In addition to our classes and loans, we were also able to build some new homes and rehab some others. We know that there is a limited inventory of entry level homes in San Antonio. To help us address those housing needs, we added new board member Fred Elsner who has a career filled with successful housing development. We know Fred will help us step up our activity in that area in the near term. We are fortunate to include some very talented professionals in the real estate market with our community members on the NHSSA board. I think that combination of staff excellence and board guidance will keep us on a roll.”

NHSSA Partners’ Generosity is Helping Families and the Housing Market in San Antonio

Neighborhood Housing Services has been privileged to be associated with some of the best corporate partners in San Antonio. Their support has enabled NHSSA to continue providing its home ownership services to those first time homebuyers working hard to purchase their first homes.

Recently, three of those great partners have stepped forward with new donations, and we want to say thank you to Broadway Bank, Frost Bank and Jefferson Bank for their continued support.

“Every nonprofit in the country relies on great private sector donors, and we’re very grateful to have these great banking institutions on our side,” said NHSSA Executive Director Adolph Torres. “These donations go toward the programs that help our client families learn about home ownership and then actually take those big steps of buying their first homes. There are lots of studies out there that underscore the importance of home ownership, but we’re fortunate in that we see those success stories up close and in person. And it is important for people to know that we could not get this done without the support of partners like Frost Bank, Broadway Bank and Jefferson Bank.”

If you are interested in making a donation to Neighborhood Housing Services SA, please contact us at 210-533-6673. 

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NHSSA Receives Two Thumbs Up on Latest Audit

Neighborhood Housing Services SA recently received a “clean audit report, ” which essentially states that the organization is in sound financial condition and operating by all of the guidelines required for nonprofit organizations. Each year, NHSSA hires an independent auditor to investigate the accuracy of its accounting records and internal controls. At the conclusion of the audit, the auditor issues a report outlining any financial or reporting problems the organization might have and what the organization is doing to remedy any problems.

“We’re very pleased to have received this positive statement about NHS operations,” said Ellie Maybee, NHSSA director of finance and operations. “It demonstrates to our funders and partners that we have a strong financial position in order to continue investing in the community.”

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Neighborhood Housing Services San Antonio

847 Steves Ave.

San Antonio, Texas 78210

 NMLS# 337024

Tax ID - 74-2379794

 

210-533-6673 (office)

210.533.0923 (fax)

 

Texas Compliant/Recovery Fund Notice

NHSSA Mission

Building successful families and communities through housing opportunities.

Monday – Thursday  9 am – 5 pm

Fridays open 9 am - 1 pm

Closed Saturday and Sunday

 

210-533-6673 (office)

210.533.0923 (fax)