Two simple, staggering facts. (1) More than 1 in 3 Lake County households are housing cost burdened according to the U.S. Department of Housing and Urban Development—leaving little room for other basic expenses, to build savings, pay down debt or keep their home in good repair. (2) Over 2,000 foreclosures were filed in Lake County last year. Every foreclosure represents one family’s devastation. While we are a long way from fully quantifying the cumulative domino effect on communities and the nation as a whole, we instinctively recognize that the rebuilding process will take years. So yes, these two statistics are staggering. What is more profound yet is that they barely scratch the service of an issue that intersects with economic, political, and social landscapes at every level of society.
AHC helps. By nurturing one family and one property at a time, AHC makes a difference. Here is how we changed those landscapes for the better during our fiscal year ending June 30, 2016.
- 223 households prepared for successful, responsible homeownership through our homebuyer education classes
- 85 households received in depth pre-purchase homebuyer counseling to overcome barriers to homeownership
- 48 households received down payment assistance enabling them to purchase their first home
- 311 households were empowered to prevent foreclosure through our foreclosure education classes
- 181 households that were facing the devastating prospect of foreclosure received in depth counseling, intervention and mediation services
- 10 distressed properties were acquired, rehabilitated and sold, providing quality housing for income-qualified households while also cleaning up blighted properties in the community
- 14 households received forgivable loans and construction services to make critical home repairs that allowed their home to be safe, sound and accessible
- 55 households avoided homelessness through rental assistance that provided access to safe and stable rental housing