CHPC Receives $20,000 to Address Homeownership Needs in Tidewater, VA

Virginia Beach, Virginia—During her morning drive to work, Jen Nieves heard a commercial on the radio advertising Community Housing Partners’ (CHPC) homebuyer education classes. At the time, Nieves was a prospective home buyer but had some difficulty finding reliable information about the home buying process. In came CHPC’s NeighborWorks® HomeOwnership Center, HomeWorks of Virginia with a solution. After attending homebuyer education classes and working with counselors, Nieves closed on her first home on March 15, 2005.
 
"When you own your home, you become more involved in the community. You are concerned with building relationships and strengthening communities,” Nieves said.
 
Through HomeWorks of Virginia, CHPC will be able to help more individuals like Nieves achieve homeownership through recent funding from several national partners who promote and support the “one-stop-shop” network of NeighborWorks® HomeOwnership Centers. Thanks to these partners, CHPC will receive $19,641 to provide homebuyer education, counsel first-time homebuyers and provide lending services to homebuyers in the Tidewater Virginia area. CHPC would like to thank the following national partners for providing the funding necessary to continue efforts to increase homeownership across Virginia:
  • Bank of America
  • Countrywide Financial Corporation 
  • Fannie Mae                                             
  • Freddie Mac
  • NeighborWorks® of America
CHPC would also like to thank local partners who support the services we offer potential homebuyers:
  • City of Virginia Beach
  • Virginia Housing Development Authority (VHDA)               
  • Newport News Redevelopment & Housing Authority 
  • Norfolk Redevelopment & Housing Authority
  • Wachovia Bank/Wachovia Mortgage     
  • Old Point National Bank
  • TowneBank Mortgage                                        
  • Hampton Redevelopment & Housing Authority
“Through vital funding from our national partners, CHPC will be able to continue to significantly increase access to home-ownership services for low- and moderate-income residents,” said Janaka Casper, President and CEO of CHPC. “Providing homebuyer and financial literacy education, and access to affordable mortgage financing are critical steps toward stabilizing our community, increasing home values, and helping lower-income families build their financial assets.”
                                               
As CHPC’s NeighborWorks® HomeOwnership Center, HomeWorks of Virginia provides access under one roof to a wide range of services and training that will help customers qualify for loans and find, purchase and maintain their homes. Located at 911 First Colonial in Virginia Beach, it is one of 93 centers across the U.S. involved in NeighborWorks® America’s “Campaign for Home Ownership,” an aggressive on-going initiative involving banks, insurers, government, real estate professionals and other community stakeholders. Since 1993, this comprehensive national effort has educated 573,745 people, assisted 97,690 new homeowners, and generated $10.12 billion of investment in underserved communities.    
 
Community Housing Partners Corporation (CHPC) is a 501(c)(3) community development corporation established in 1975 to serve the needs of low income individuals in Virginia and Florida. Our mission is to strengthen communities and create opportunities for the people we serve by assisting individuals with their housing, economic and social needs. We provide sustainable, affordable housing, resident services, homeownership opportunities and wealth building programs to our residents. Through public and private partnerships, CHPC works to enable people and communities to become self-sufficient, successful and sustainable.
                                   
Sponsorship donations help lay solid foundations upon which individuals and families can build successful lives. With your continued support, we look forward to fulfilling our mission of strengthening communities and providing opportunities for homebuyers for years to come. To learn more about the NeighborWorks® Campaign for Home Ownership visit the NeighborWorks® website at www.nw.org. For more information about Community Housing Partners and HomeWorks of Virginia, please go to www.communityhousingpartners.org.