VCCDC update for Dec. 23

December 2017

The end of the year is always a special time when we gather at home with family and reflect on the joys and blessings that the year has brought us. Here at VCCDC one of our greatest accomplishments for 2017 is having assisted more than 125 families in achieving the dream of homeownership and over 60 existing homeowners in saving their homes from foreclosure. We have facilitated over $11 million in first mortgages and nearly $300,000 in down payment assistance. In addition we empowered over 1,300 individuals through our homeownership and financial education and counseling services.

Our new homeowners get to enjoy the holidays in their very own home. As we think about the great joy that these families are experiencing we can’t help but feel a heaviness in our hearts for the hundreds of families who lost their home due to the Thomas Fire and won’t be able to spend the holidays in the place they once called “home”. These families will need the community’s support not only for the holidays but for many years to come. Although the recovery process is filled with many unknowns, VCCDC plans to play a role in it with the help of partners like the Federal Reserve Bank of San Francisco and the City and County of Ventura. We will keep you updated on our efforts. For now, our staff will continue to volunteer at the Local Assistance Center in Ventura to provide resources and information on housing for those in need. We will continue to provide free financial management counseling for those who need guidance with their finances during this time of crisis and uncertainty. VCCDC is also an approved counseling agency for the federally funded program, Keep Your Home California, designed to help low and moderate income homeowners retain their homes if they have suffered a financial hardship. Through this program we were able to help Maria, a single mother of 4, stay in her home after she lost her job at Vista Del Mar Hospital which was destroyed during the Thomas Fire. You can read Maria’s full story below. If you know of a homeowner who has suffered a job loss due to the Thomas Fire and is in need of assistance with their mortgage please pass on this information to them.

Although these last few weeks have been filled with painful images of destruction it has also been filled with acts of kindness and selflessness. From the acts of heroism by our first responders to the outpouring of donations and volunteer hours by our fellow community members, it has been inspiring to witness. Through this tragedy our community has embodied the meaning of the holiday season, compassion and love for those around us who are most in need.

From our VCCDC family to yours, we wish you a happy holiday season. Thank you for your support in 2017! We look forward to working with you in the New Year and beyond.

Warm regards,

Bertha M. Garcia

Executive Director

VCCDC

The work of VCCDC is made possible by organizations and charitable foundations who appreciate our work and want to see it continue. We are very grateful to our grantors for this funding. Their support is critical in helping us continue our mission of empowering families and individuals through education and homeownership.

Thank you to the Comerica Bank Charitable Foundation for awarding VCCDC a $4,000 grant to support our Changing Lives through Homeownership Education & Counseling Program!

We join you in celebrating your 20th anniversary

and look forward to working with you!

Make 2018 the Year You Become a HOMEOWNER!

Start your path to homeownership by attending our workshop:

All of this at NO COST to you – value of over $100!

Upcoming Workshops

Under a federal law not widely known to consumers, the State of California must seek repayment from the estates of certain Medi-Cal members after they die. If you are a homeowner receiving Medi-Cal benefits you won’t want to miss our upcoming Medi-Cal Estate Recovery Program workshop!

You’ll learn about:

The VCCDC office will be closed Monday, December 25th through Monday, January 1st. We will resume normal business hours (9am – 6pm) on Tuesday, January 2nd.

If you are a homeowner going through a financial hardship you may be eligible for up to $100,000 in mortgage assistance with the Keep Your Home California (KYHC) Program.

Overview of Programs:

Unemployment Mortgage Assistance (UMA) Program

The UMA Program provides mortgage payment assistance to eligible homeowners who have experienced an involuntary job loss and are receiving California EDD unemployment benefits. Benefits can last up to 18 months and/or up to $54,000 of assistance.

Mortgage Reinstatement Program (MRAP)

The MRAP Program provides assistance to eligible homeowners who, because of a financial hardship, have fallen behind on their payments and need help to reinstate their past due first mortgage loan. Up to $54,000 in assistance principal, interest, taxes and insurance, as well as any homeowner’s association dues.

Principal Reduction Program (PRP)

The PRP Program provides assistance to eligible homeowners who owe more on their mortgage than their home is worth and/or have an unaffordable payment. Homeowners must have experienced an economic hardship or a severe decline in their home’s value in order to be considered. Up to $100,000 in assistance.

Transitional Assistance Program (TAP)

The TAP Program provides one-time funds to help eligible homeowners relocate into a new housing situation after executing a short sale or deed-in-lieu of foreclosure program. Up to $5,000 in transition assistance per household.

Contact us to schedule an appointment for KYHC eligibility:

805-273-7800

Or send us an appointment request below

Our Mission:

“To strengthen and sustain vibrant communities by empowering and enabling low-to-moderate income individuals and families to build wealth through education and homeownership with a primary focus on serving low-to-moderate income clients”.