The First Calcasieu Parish Housing Counseling Agency’s Asset Builder Graduate Becomes a New Homeowner
Calcasieu Parish resident Natosha Davis is now a proud homeowner after going through both the Calcasieu Parish Housing Counseling classes and the Asset Builders of Southwest Louisiana Assets for Independence Program. Davis is the first graduate of the Calcasieu Parish Housing Counseling Agency to do so.
Davis says, “It’s an amazing program. I’m so fortunate that I found it. I never, ever thought I would be a homeowner. And I was able to save and then receive the grant money and it helped me down-pay my loan. I own my very first home.”
Police Juror Sandra Treme for District 11 says, “The program is a godsend to many and I’m just so proud of Natosha and her family for having the desire and be willing to work towards having her own home. And for us for having the housing counseling program because it’s changed so many lives. In our life all we can do is change one life at a time.”
There are currently 15 students in the Housing Counseling Program and currently nine of those students were able to begin the Asset Builder savings program this year. A resident first takes housing counseling classes for free and then can check their Asset Builder qualifications to be able to open an IDA account. An IDA or Federal Individual Development Account is a savings account that matches the deposits of low and moderate income people.
The Calcasieu Parish Housing Counseling Agency helps residents learn the pros and cons of purchasing a home, the roles of realtors, mortgage originators, mortgage underwriters, and attorneys; financial management and budgeting needs; mortgage underwriting criteria and general mortgage-related terminology. To learn more about the program visit www.cppj.net/housingcounseling
The Asset Builders of Southwest Louisiana program is partially funded through the Police Jury’s Community Services Block Grant Funding and matches are handled through a Federal Individual Development Account (IDA) run by Asset Builders of Southwest Louisiana and a partnering bank. Banks partnering in the initiative are First Federal Bank of Louisiana and JD Bank.