The not-for-profit North East Community Action Corporation (NECAC) continues to make strides in putting people on the path to homeownership.
Newly-released numbers show the agency has substantially increased the number of people who’ve been helped and the amount of dollars brought in for homeownership and rehabilitation services.
“These leveraged funds are dollars coming back into Northeast Missouri in the creation of new housing, making homes energy efficient through weatherization, the improvement of older housing stock -- which in turn improves local communities -- and new homeowners providing additional tax base for our area,” said NECAC Deputy Director for Housing Development Programs Carla Potts. “We continue to provide more opportunities for people to buy or improve their homes.”
In the last 18 months, NECAC has:
*Helped 109 families become homeowners, up from 62 during the previous 18-month period.
*Rehabilitated 257 owner-occupied homes, up from 200.
*Repaired 172 homes through weatherization, up from 157.
*Leveraged direct investment dollars totaling $21,416,943, up from $15,691,355.
In addition to its efforts in Missouri, NECAC works on homeownership with agencies and partners in Illinois and Iowa. In 2013, NECAC was instrumental in bringing a USDA Great Regions designation to the 35-county area that makes up the Tri-State Development Summit. Housing is one of the steering committees that meets and reports to the summit. The designation gave the region another tool in building a stronger housing market and economy. In the last year, NECAC received national honors for its housing programs, co-hosted the Tri-State Housing Summit and expanded packaging of USDA 502 Direct home loans. In addition, the agency completed construction of a senior apartment complex and made progress on the Tiny Homes, Healthy Homes and Aspire Partnership Prison Homes programs. This year’s housing summit is June 8 in Quincy, Ill.
“We are pleased that we’ve been able to move forward, but we know there is a lot of work to do,” Potts said. “We urge anyone who is interested in buying a home or those who would like to partner with this to join the effort.”
A local agency continues to put more people on the path to homeownership. The North East Community Action Corporation says newly-released numbers show the agency’s efforts are successful. NECAC says it has substantially increased the number of people who’ve been helped and the amount of dollars brought in for homeownership and rehabilitation services. The biggest number is 21-point-four million dollars. That’s how much money NECAC has leveraged for home ownership services in the last 18 months, up from 15-point-six million in the previous 18 months. NECAC has also helped 109 families become homeowners, rehabilitated 257 owner-occupied homes and repaired 172 homes through weatherization. Another 777 families have gotten homeownership training and pre-purchase education. All are increases.
In addition to its efforts in Missouri, NECAC works on homeownership with agencies and partners in Illinois and Iowa. The agency will co-host the Tri-State Housing Summit June 8 in Quincy. More information is available by calling NECAC at 573-324-6622.