Foreclosure client is thankful for assistance from R.E.A.C.H. counselors, Garry BellFleur and Lourdes Valdes
“Thank you, Mr. Bellfleur. This has been one of the most stressful times in my life and you all made it so much easier for me. Thank you for all you did to help me get what I needed in a timely manner. I will never forget the generosity and kindness of your organization.
I’m copying Ms. Valdes, because although I’ve never met her, I imagine she looks a little like an angel! Lourdes, your kindness and professionalism overwhelmed me at times. I am so happy I met you, although the circumstances would not have been my choice!
I pray God’s best for each of you. REACH needs to know how blessed it is to have you. ”
Recent comments by a woman helped by R.E.A.C.H. employee Lourdes Valdes
“I would like to thank Lourdes Valdes for being an AWSOME person. I am currently going through a hard time, Mrs. Valdes gave me the comfort and the security that made me feel that she really cares about my situation.
Mrs. Valdes is truly an Angel.”
R.E.A.C.H. co-hosted a FREE FINANCIAL WELLNESS SEMINAR on Nov. 4th 2017
The Partners in this event were all complementary and are quoted below:
“So glad we had the opportunity to partner with R.E.A.C.H.
Beginning of a long positive relationship!” Steven Epstein, principal,
Renaissance Charter School at Palms West
“Thank you very much for the hard work and dedication …
you could feel the positive energy in the room.
I look forward to planning another event.”
Marisa Barker, VP, Mr. Cooper (formerly Nationstar Mortgage).
“Thank you for … the beautifully executed event to promote responsible home ownership!
You are doing amazing work in your community and Freddie Mac would like to continue to support
your efforts” Tamela Hartsfield, Affordable Lending Regional Manager (FreddieMac).
First Time Homebuyers classes are going strong at the Palm Beach Gardens office.
The following are some comments from three students attending the 8/16/17 Wednesday evening class:
- “I am so excited to go out and purchase my 1st home. I am extremely confident and much more knowledgeable. Keith, thank you so much for taking out time to teach our class.”
- “This program is very educational. It helped me understand the most important steps of owning a home.”
- “Keith is awesome. Very informative. Learned a lot and I think I’m in a better position now than before I took the class.”
What we do!
Deyon Stephenson is a single mom and sole bread winner for her family. Her goal and dream was to own her own home, but she didn’t know how to make her dream a reality.
Her pastor, Michael Rose, of Royal Palm Covenant Church, introduced her to the first-time home buyer’s program offered through REACH. She found the class to be informative. In her own words, “This class taught me how to manage my credit cards, and save and so much more! The staff, specifically Ms. Dee and Kenisha, was very helpful and very patient. I was very blessed to have them as coaches, especially Ms. Dee, who often stayed until midnight to help me. I am very proud to say that I am now a first-time owner of a three bedroom home. Had my dream been fueled by my determination alone, it probably would never have been realized. My heartfelt thanks go to the REACH Program and the support of those wonderful coaches. I have introduced the program to two of my friends, one of who now also owns her own home! I just wanted to say thank you to the REACH Program and to Pastor Michael Rose for not only telling me about the REACH Program, but for walking with me every step of the way to ensure successful completion”
Several other R.E.A.C.H. Projects.
2001 Champions Way, North Lauderdale, FL 33068
R.E.A.C.H. purchased this one bedroom, one bath, 882 square foot townhome in a community built for low- to moderate-income families. The property had been vacant for many months and was in poor condition. R.E.A.C.H. spent $18,400 in repairs and carrying costs. Renovation to the home included fresh paint, new flooring, a rehabbed bathroom, and they replaced the ceiling fans and closet doors.
Anita, a single 48-year-old, African American woman who earns 80% of the AMI for Broward County, had been a long-time renter and wanted to buy her first home. She obtained a federal grant of $18,000 in HOME funds from the county. R.E.A.C.H. reduced the contract price and paid $9,356 in closing costs so that Alice could afford to purchase this home, and in addition, they allowed her an extended time to purchase so she could receive and use the grant income. Many sellers will not wait for a buyer to receive the grant funds, which also require multiple county inspections on a property including environmental. In addition, the townhome is in a community with an HOA and R.E.A.C.H. made the HOA whole when they purchased this unit, helping to restore the HOA’s ability to meet its maintenance goals. R.E.A.C.H. lost $14,300 in the sale of this home.
North Lauderdale is a working class area, with a median household income of $42,600, and is an area where homes average $85,000, and rents average $1,200 month. The work R.E.A.C.H. is doing in restoring abandoned properties to productive use is key to fortifying affordable housing opportunities.
2031 Champions Way, North Lauderdale, FL 33068
This 900 square foot, one bedroom, one bath townhome, built in 1986, is in a centrally located community close to shopping areas. The property was vacant and needed repairs when R.E.A.C.H. acquired it. Repairs included new flooring, an updated kitchen, a new dishwasher and a renovated bathroom.
The new homeowner is Marcia, a 63-year-old woman who earns 80% of the AMI for Broward County working as a patient account liaison for Holy Cross Hospital – a job she has held for 13 years. She had rented her past home for five years and diligently saved almost $15,000 toward her new home.
To help Marcia reach her goal of homeownership and ensure her payment is affordable, R.E.A.C.H. holds the mortgage as a 30-year, 5% fixed rate loan with no mortgage insurance. In addition, the townhome is in a community with an HOA and R.E.A.C.H. made the HOA whole when they purchased this unit, helping to restore the HOA’s ability to meet its maintenance goals.
The North Lauderdale area has a median household income of $42,600, and is an area where rents average $1,200 month. The work R.E.A.C.H. is doing in restoring abandoned properties to productive use is key to fortifying affordable housing.
REACH out -We’ll R.E.A.C.H. back!!