


The HomeBuyer Education Seminar is a service of Partners In Housing (PIH) provided by volunteer instructors who are professionals in the home buying process. During the seminar, which is free of charge and open to the public, participants receive 6 hours of education, information and training teaching them about the process of purchasing their home and about the resources available in our community.
The volunteers donate approximately 6 hours of instruction per month, plus
time spent attending
planning meetings throughout the year. Many of our volunteers have
been providing these services for over 12 years to approximately 300-400 participants
annually.
Through this monthly seminar, the volunteers provide a much needed community service for low-to-moderate income homebuyers. Professionals from the home buying process (lenders, realtors, and home inspectors) volunteer from eight different companies to partner with PIH, HUD and the Colorado Housing and Finance Authority (CHFA) in offering professional homebuyer education once a month to an average of 30 to 35 attendees per class. Most of our volunteers have been involved in this effort since 1997, which was initiated by PIH as a VISTA/AmeriCorp Project.
The target population for the course consists of low-to-moderate income families with limited funds for closing, public housing residents, Section 8 renters and PIH partners. As a result of taking the workshop at least 40% of the attendees have gone on to apply and be approved for CHFA mortgage loans and approximately 20% have chosen other mortgage products being offered within our community.
Evidence that our volunteers are both effective and
productive is reflected in CHFA’s own statistics and those of PIH. In return
for the volunteers instructing the workshop, PIH receives a reimbursement per
workshop attendee/couple from CHFA that goes to support PIH programs and
operations ranging from $5K to $10K annually. These funds are a key part of the
PIH strategy to increase internally-generated revenues, thus decreasing
reliance on donations and grants.