2011 Calendar of Events
Mark Your Calendar and Get on the Road to Homeownership
4 Week Training Sessions - Saginaw
Homebuyers Education and Financial Literacy Training & Foreclosure Intervention
Session#1 • Feb. 3, 10, 17 & 24, 2011
Session#2 • April 7, 14, 21 & 28, 2011
Session#3 • May 19 & 26 • June 2 & 9, 2011
Session#4 • Oct. 6, 13, 20, 27, 2011
Thursday Evenings • 6pm-9pm
4 Week Training Sessions - Flint
Session#1 • March 8, 15, 22 & 29, 2011
Session#2 • April 5, 12, 19 & 26, 2011
Session#3 • May 17, 24 & 31 • June 9, 2011
Session#4 • Oct. 4, 11, 18, 25, 2011
Tuesday Evenings • 6pm-9pm
— Clients will receive a Certificate upon completion —
Don’t Miss . . .
Saginaw Location
Workshop Luncheon
January 20, 2011
Super Duper Money Saving Workshop
United Way & Circle of Love
Free Tax Preparation Workshop
February 5, 2011
Annual Fundraiser
March 25, 2011
Housing Fair
April 9, 2011
Saving The Dream - Free Concert Fundraiser
June 10, 2011
Community Awareness Week Preparation
– Bag Stuffing –
August 8-12, 2011
Community Awareness Week
– Door-to-Door Outreach –
August 15-19, 2011
Community Makeover Week
– Yard & Lot Clean Up –
August 22-26, 2011
Community Block Party
– Book Bag Give Away –
August 27, 2011
Free Financial Literacy Workshop
October 8, 2011
Annual Christmas Party
December 9, 2011
Board of Directors
Debwin Simon - President
Linda Vanderpool - Vice President
Ed McKeethen - Treasurer
Lee Austin - Secretary
Conley Gibbs - Director
Charlotte Edwards - Director
Charlie DeMercurio - Past President
Otis Dickens - Past President
Pam Brazil - Executive Director
Advisory Council
Robert Mannor - Attorney
Silas Brazil - Builder
Patricia Franklin-Lindsey - Chemical Bank
Sharon McKeethen - Counselor
Janice Knight - Professional Administrator
Lois A. Robinson - Keller Williams Realty
Mary Washington - Sen. Carl Levin’s office
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What is Circle of Love
We are a non profit organization and a community development corporation (CDC) providing affordable housing for very low to moderate-income families by way of new construction. Assisting individuals, regardless of background, ethnicity, or physical ability, we bring together cooperatives and other broadly based non-profit organizations to obtain modest, decent, safe and clean facilities for use as permanent homes. We also provide educational training courses and referrals to help the clients’ awareness and ability concerning the overall maintenance, safety, up-keep and financial responsibilities of the home/facility once occupancy is obtained; thus, promoting self-enrichment, community pride and development.
is to provide counseling services and affordable housing for very low to moderate income families.
• Must meet the income limits based on family size for the area
• Must be unable to obtain sufficient credit from other sources
• Must have adequate repayment ability
• PTI debt ratio cannot exceed 29% for very low or 33% for low income families
• TD ratio cannot exceed 41%
• Cannot presently own a dwelling unless it is structurally unsound, functionally
inadequate or not large enough to accommodate their needs
• Meet citizenship or eligible non-citizen requirements
• Possess legal capacity to incur the loan
• Personally occupy the dwelling
• Have an acceptable credit history
• Proof of employment (i.e., 2 pay stubs)
To be eligible for Links to Homeownership benefits:
1. The household income must be within the applicable income limits as seen below;
2. if you are pregnant or have at least one related minor child residing the household and;
3. client will be ready to purchase a home using a MSHDA mortgage product within 12 months of completing the application. Once application is submitted a certified counselor will pull a tri-merged credit report and review with client to determine if client qualifies for the Links program.
In order to qualify, your household income must be less than (in Saginaw County):
| One person: | $30,350 | |
| Two people: | $34,650 | |
| Three people: | $39,000 | |
| Four people: | $43,300 | |
| Five people: | $46,800 | |
| Six people: | $50,250 | |
| Seven people: | $53,700 | |
| Eight people: | $57,200 |
Please remember you may still qualify for a MSHDA loan even if you don’t qualify for MSHDA LINKS!
“Median income level subject to change, according to government regulations”
Educational & Counseling Programs
Circle of Love CDC will work with eligible families to provide the necessary counseling services that will empower them to become homeowners!
You Pay Nothing!
Down Payment Assistance: MSHDA will pay up to $7,500 towards down payment or closing costs
Home Inspection Funds: MSHDA will pay up to $750 for inspections prior to home purchase
Home Maintenance Training: MSHDA will pay to provide training
What do you have to lose? Apply today!
Links to Homeownership is a program offered by the Michigan State Housing Development Authority (MSHDA) and Circle of Love CDC for low and moderate income families who are interested in becoming homeowners. Below is a list of the counseling services we provide:
Homebuyer Education: Sessions designed to provide information about the process of home buying and home owning to potential homeowners.
Individual Counseling: Intensive budgeting, credit repair and debt management sessions delivered to eligible potential home buyers by Network Counselors.
Financial Management Education: Educational support groups designed to assist clients in addressing financial problems or barriers to their life goals.
Home Maintenance Training: Provides families with information that enables them to perform basic home repairs and upkeep in the areas of structural, electrical, furnaces, wall repair, painting, landscaping, exterior maintenance, and plumbing.
Foreclosure Prevention: Counseling delivered to eligible home owning families for the purpose of saving their home from foreclosure. (Available for all types of mortgage loans)
Home Inspections: Eligible families may secure up to $750 in home inspections or any other inspection listed as a condition in the offer to purchase as an expense to the buyer. (Counselors refer buyers to inspectors)
Counseling may be provided on an individual basis or group setting in which the counselor will provide the following:
• Counseling and advice to the client
• Interview the client in a private space in a confidential manner
• Identify resources that might assist in meeting the needs of the client
• Design an Action Plan. Client and counselor must both sign the plan.
• Monitor the client’s progress and assist with resolving issues
• Administer counseling services provided under the MSHDA approved agreement
• Coordinate efforts with MSHDA, mortgage lenders, bankers, realtors and home
inspectors in order to provide maximum service to the client
• Refer clients, as appropriate, to other community service organizations and agencies
• Provide Housing Counseling Services on a priority basis to low and moderate income clients
State and Local Affiliations
City of Saginaw (saginaw-mi.com)
Department of Housing and Urban Development (hud.gov)
Michigan State Housing Development Authority (michigan.gov/mshda)
Saginaw Community Foundation (saginawfoundation.org)
PIP (Property Improvement Program)
Fannie Mae (fanniemae.com)
Links
|
KISS 107 (kiss107.com) |
Circle of Love
(A Non-Profit Organization, Community Development Corporation)
Saginaw Location
1809 Durand Street
Saginaw, Michigan, 48602
phone: 989-921-0569
fax: 989-754-1654
email: 
Flint Location
4119 N. Saginaw Street, Suite 100
Flint, Michigan, 48505
phone: 810-789-9000
toll free: 877-483-0335
fax: 810-789-9009
email: info@circleoflovecdc.org
Pamelia D. Brazil, Executive Director, pbrazil@circleoflovecdc.org
Silas Brazil, Construction Manager, sbrazil@circleoflovecdc.org
Iris Burns, Administrative Assistant, iburns@circleoflovecdc.org
Coryunna Williams, Intake Specialist, cwilliams@circleoflovecdc.org
Doris Humes, Housing Counselor, dhumes@circleoflovecdc.org