CHP Joins Federal & Local Agencies in Tidewater/Hampton Roads Area Military Homebuyer Effort
Community Housing Partners (CHP), Navy Federal Credit Union Freddie Mac, the Hampton Roads Planning District, and Child and Family Services of Eastern Virginia have joined forces on an initiative to expand homeownership opportunities for military families that includes affordable mortgage products and financial education workshops in the Tidewater/Hampton Roads area to help active duty military families plan for homeownership.
CHP will offer Freddie Mac's Get the Facts! workshops free of charge at HomeWorks of Virginia, their certified NeighborWorks HomeOwnership Centerin Virginia Beach, on Wednesdays from 6:30 - 8:00 p.m. and Saturdays from 11:00 a.m. - 12:30 p.m. The classes, which are being funded by a $20,000 grant from Navy Federal Credit Union and Freddie Mac, are designed to break down barriers of misinformation that keep many individuals from considering homeownership.
“CHP is excited by the opportunity provided by Navy Federal Credit Union and Freddie Mac to increase financial literacy and awareness of affordable homeownership opportunities among local service men and women,” said CHP President and CEO Janaka Casper. “This initiative will help first time homebuyers and low- to moderate-income earners achieve the dream of homeownership.”
Through the Get the Facts! workshops, participants are provided with straightforward information and advice about all aspects of homeownership, including costs associated with home buying and credit history requirements. Participants are encouraged to ask questions as workshop facilitators help them separate fact from fiction. By the end of each workshop, it is hoped that participants will feel empowered, with a sense that they might be able to achieve the dream of homeownership.