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7. Marketing Plan - 2020-04-10 Pioneer Valley Habitat for Humanity| 140 Pine Street, PO Box 60642, Florence, MA 01062 (413) 586-5430 | admin@pvhabitat.org | www.pvhabitat.org Building strength, stability and self-reliance in Franklin and Hampshire Counties Affirmative Fair Housing Marketing Plan Burts Meadow “Just Big Enough” Project Burts Pit Rd Northampton, MA Pioneer Valley Habitat for Humanity| 140 Pine Street, PO Box 60642, Florence, MA 01062 (413) 586-5430 | admin@pvhabitat.org | www.pvhabitat.org Table of Contents 1. Overview & Timeline 2. Outreach & Marketing a. Info Session Flyer b. Flyer distribution list c. Press Release d. Press Release Distribution List e. Social Media Posts 3. Application Package a. Cover Letter b. Application c. Documentation Checklist d. Income Guidelines e. Project Overview 4. PVHH Family Selection Policy 5. Federal Home Loan Bank Income Calculation Guidelines 1. OVERVIEW & TIMELINE Pioneer Valley Habitat for Humanity (PVHH) builds strength, stability and self-reliance in Franklin and Hampshire Counties. PVHH is a housing ministry dedicated to strengthening communities by empowering low-income families to change their lives and the lives of future generations through home-ownership opportunities. This is accomplished by working in partnership with diverse people, from all walks of life, to build simple, affordable housing. Habitat’s mission to provide home-ownership opportunities to low-income families is unique as it requires partner families to work alongside the community that is reaching out to help them. Each Habitat partner family provides at least 250 hours of “sweat equity,” or physical labor, toward the construction of their own home, other Habitat family homes, and special projects. PVHH is committed to ensuring fair and open access to these affordable housing opportunities. Toward that end, PVHH conducts continuous outreach throughout the year in order to share information with families interested in learning how to become a Habitat homeowner. Information is available on our website and upon request at the office. When a specific homeownership opportunity becomes available, Pioneer Valley Habitat for Humanity implements an affirmative fair housing marketing plan over a 60 day period to ensure fair and open access to potential partner families (including a 30 day period for a second round of marketing when needed). The plan includes the following steps and timeline: Step One: Announcement of Homeownership Opportunity and the Availability of Applications 1. Flyers are sent to all persons who have requested information about our application process in the last 12 months by mail and/or e-mail. 2. Press Releases are sent to area newspapers and other media outlets 3. Public service announcements are played on local radio stations and on local access cable TV 4. Flyers are sent to the town hall, public libraries and chamber of commerce where new houses will be located. 5. Flyers are sent to area places of worship in the town where new houses will be located and in neighboring towns in the region. 6. Flyers are sent to area housing and social service agencies and organizations serving Hampshire and Franklin Countys’ minority populations. 7. Posting, as required on CHAPA (massaccesshousingregistry.org) and Mass Access websites (mahahome.org). 8. Flyers are distributed throughout the town’s Elementary, Middle and High School, Technical schools as allowed by the Superintendent. 9. Postings through social media Step Two: Distribute Applications to Accessible Locations 1. Pioneer Valley Habitat for Humanity’s Office 2. Application available on Pioneer Valley Habitat for Humanity’s website 3. At least two public locations such as: a. The Public Libraries in the town where the new houses will be located b. The Town Hall where the new houses will be located Step Three: Host Public Information Sessions 1. At least two public information sessions will be held in the town where the new houses will be located. 2. These locations will be wheelchair accessible. 3. One session will be held during the day and another session will be held in the evening. 4. If an interested person requires the assistance of a translator in order to understand the application process, a translator will be provided upon request. 5. If an interested person cannot attend a public information session due to a physical limitation, a one on one session will be arranged either over the phone or at a mutually agreeable location. Step Four: Application Deadline 1. The deadline for the receipt of applications will be set no earlier than 60 days from the announcement of the availability of applications. Marketing for available homes is scheduled so that purchasers are selected in time to participate, alongside volunteers, in the building of their homes. 2. If no eligible applicant is found and accepts the opportunity to partner, eligibility criteria will be reviewed by the Habitat board of directors and applications re-opened on a first- come first-serve basis. Step Five: Application Review, Lottery and Selection 1. Following Habitat’s family selection policy applications will be reviewed and all eligible applicants will be put into a lottery. The lottery will be conducted according to the Department of Housing and Community Development’s comprehensive permit guidelines for housing lotteries. 2. After the lottery, the selected household member may be asked to verify their citizenship or permanent residency (if required by a third party lender such as the USDA) and Habitat will conduct a criminal background check and sex offender registry check. Habitat will follow state guidelines for criminal background checks. Once verified the applicant will sign a partnership agreement with Habitat. Resales: As outlined in the deed restriction or lease, the monitoring agent will be responsible for calculating the maximum resale price, marketing the property to an eligible buyer and determining the eligibility of potential buyers after a conveyance notice is received from the homeowner. Resale marketing will include: 1. Announcement of the opportunity (see step 1 above) 2. Distribution of applications in public locations (see step 2 above) 3. Open houses or private showings on request instead of public information sessions 4. No deadline or lottery – the monitoring agent will accept applications on a rolling basis. All applicants who meet program eligibility criteria will be notified promptly. The homeowner owner and eligible buyer will then enter into a purchase and sales agreement. Statement of Non-Discrimination: In carrying out the plan, Pioneer Valley Habitat for Humanity will not to discriminate in the selection of applicants on the basis of race, color, national origin, disability, age, ancestry, children, familial status, genetic information, marital status, public assistance recipiency, religion, sex, sexual orientation, gender identity, veteran/military status, or any other basis prohibited by law, and such a statement must also be included in the application materials. Further, persons with disabilities are entitled to request a reasonable accommodation in rules, policies, practices, or services, or to request a reasonable modification in the housing, when such accommodations or modifications may be necessary. 2. OUTREACH AND MARKETING (see attached) 3. APPLICATION PACKAGE (see attached) 4. FAMILY SELECTION POLICY (see attached) 5. FHLB INCOME CALCULATION GUIDELINES (see attached) 6. HUD exhibit 5-2 Assets (see attached) FOR IMMEDIATE RELEASE: Contact: Megan McDonough, Executive Director Pioneer Valley Habitat for Humanity, office 413-586-5430, cell 413-218-0683, megan@pvhabitat.org, www.pvhabitat.org Pioneer Valley Habitat for Humanity Building three affordable homes in Northampton! Pioneer Valley Habitat for Humanity is pleased to announce that applications are available for three homeownership opportunities in Northampton. Habitat will be building 3 small energy efficient homes on Burts Pit Rd – a one bedroom, two bedroom and three bedroom. The application deadline is ______________. The sale price for the home will be $175,000 or less. Eligible applicants will have incomes up to 60% of area median income which is adjusted for family size. People interested in submitting an application are invited to attend one of the following information sessions to learn more: Northampton City Hall 210 Main St Northampton, MA Tuesday November ___, 2020 6pm Forbes Library 20 West St Northampton, MA Saturday December __, 2020 10:30am Saturday January __, 2020 10:30am During the information session, potential applicants will learn about Habitat’s selection criteria and how to prepare a complete application. The selection criteria include housing need, ability to make mortgage payments of $700-$1,200/month, and willingness to partner with Habitat, such as participating in the construction of the home and other Habitat projects. All homes will be built to ENERGY STAR standards and are designed to be visitable by someone in a wheel chair. All Habitat built homes are restricted to income eligible buyers in perpetuity. Since 1989, Pioneer Valley Habitat for Humanity has built decent, affordable homes with 42 low income families in Hampshire and Franklin Counties. We build our homes with volunteer labor and donations of material, supplies, land, and services. At the onset of homebuilding, a family is selected and enters into a long term partnership with Pioneer Valley Habitat. Future homeowners contribute 250 hours of labor during the construction of their home alongside volunteers from the community. Upon completion, the home is sold to the family with an affordable mortgage. Habitat is a hand-up, not a hand-out: the organization has a perpetual legacy in that all mortgage funds received are reinvested to build more homes. We are a housing organization helping to bring stability to families, bringing more stability into our neighborhoods and communities. ## Organization Name Org Contact Address City State Zip County Email Phone Website Additional Contacts type All Saints Episcopal Church Reverend Canon Tanya R. Wallace, Rector 5 Woodbridge St.South Hadley MA 01075 Hamps hire AllSaintsChurchOffice@gmail .com, AllSaintsChurchRector@gmai 413-532-8917 http://www.a llsaintsshadle y.org/ Faith Community All Soul's Church, Greenfield 399 Main st, PO Box 542 Greenfield MA 01301 Frankli n administrator@uugreenfield. org (413) 773-5018 http://www.u ugreenfield.o Faith Community Amherst Chinese Christian Church Pastor Yuqing (David) Wang 611 Belchertown Road Amherst MA 01002 Hamps hire accc.mail@gmail.com 413-259-1500 http://www.a ccch.org/ Faith Community Assembly of God Sunderland Rev. Jim Strysko 22 Amherst Rd PO Box 232 Sunderland MA 01375 Frankli n NO EMAIL Faith Community Beit Ahavah Rabbi Riqi S. Kosovske Location: 130 Pine St (in Florence Congregational Florence MA 01062 Hamps hire rabbi@beitahavah.org, info@beitahavah.org 413-587-3770 http://www.b eitahavah.org /index.html Faith Community Belchertown Congregational Church Rev. Todd B. Farnsworth 18 Park St. PO Box 603 Belchertown MA 01007 Hamps hire belchertownucc@yahoo.com 413-323-7442 http://www.b elchertownuc c.org/ Faith Community Blessed Sacrament Church Rev. Timothy J. Campoli Location: 221 Federal st, Mailing address: 182 High Greenfield MA 01301 Frankli n deacon s email: deaconjohnleary@gmail.com 413-773-3311 http://www.b lessedsacram entgreenfield Faith Community Calvary Baptist Church Pastor Dan Moore 413 Main St Easthampto n MA 01027- 1917 Hamps hire NO EMAIL 413-527-6252 http://www.c bceasthampt Faith Community Charlemont Federated Church 175 Main St. PO Box 248 Charlemont MA 01339 Frankli n Faith Community Christ United Methodist Church Reverend Bruce Arbour 271 Rocky Hill PO Box 701 Northampto n MA 01061 Hamps hire ChristNorthampton@gmail.c om 413-584-5935 http://www.g bgm- umc.org/chris t- Faith Community Church of Christ Congregational - UCC Rev. Sherry Tucker 11 common st Granby MA 01033 Hamps hire uccgranby@gogtt.net 413-467-9742 http://www.c hurchofchrist granbyma.org Faith Community College Church Rev. Stephen Belke 58 Pomeroy Ter.Northampto n MA 01060 Hamps hire info@thecollegechurch.org (413) 586-0057 http://www.t hecollegechur ch.org/ Faith Community Congregation B'nai Israel Rabbi Justin David 253 Prospect St Northampto n MA 01060- 2126 Hamps hire rabbi@cbinorthampton.org 413-584-3593 http://www.c binorthampto Faith Community Cornerstone Chapel Assembly of God Pastor 580 Bridge Rd Florence MA 01062 Hamps hire NO EMAIL 413-584-5168 Faith Community Easthampton Congregational Church Interim Pastor: Rev. Charlotte 112 Main St PO Box 484 Easthampto n MA 01027- 2023 Hamps hire etoncong@gmail.com 413 527 4970 http://www.e asthamptonu Faith Community Edwards Church, Parent Center 297 Main St Northampto n MA 01060 Hamps hire swanseabbb@hotmail.com 413.584.5500 Faith Community Evang Lutheran Church of Our Savior Rev. Stephanie Smith 319 Granby Rd South Hadley MA 01075 Hamps hire elcos@comcast.net 413-533-1925 Faith Community Faith Baptist Church Rev. Ross Gould 219 florence rd Florence MA 01062- 2656 Hamps hire NO EMAIL 413-584-0285 http://www.f aithbaptistflo rence.us/blog /come-visit- Faith Community Faith Baptist Church Rev. Joseph Di Donato 331 Silver St.Greenfield MA 01301 Frankli n faithbaptist@comcast.net, fbcjoe@gmail.com 413-774-6438 http://discov erfaithbaptist Faith Community First Baptist Church of Amherst Rev. Greg Mozel 434 N Pleasant St Amherst MA 01002- 1735 Hamps hire 413 549-3596 WWW.FBCA MHERST.ORG Faith Community First Church Hadley Williams, Christina 14 Rocky Hill Road Hadley MA 01035 Hamps hire doowk@aol.com Faith Community First Church of Deerfield UCC-UU Rev. Ann L. Hallstein, 71 Old Main St, PO Box 276 Deerfield MA 01342 Frankli n revann@firstchurchofdeerfie ld.org 413-773-5323 http://www.fi rstchurchofde erfield.org/ Faith Community First Congregational Church Rev. Judith Kinley 43 Silver St Greenfield MA 01301- 1209 Frankli n fccgfld@juno.com 413-774-3449 http://www.fi rstchurchgree nfield.org/ Faith Community First Congregational Church Lee Barstow, Interim Minister 4 Montague Rd PO Box 324 Leverett MA 01054 Frankli n leebarstow@gmail.com 413-548-9199 http://www.l everettcongr egationalchur Faith Community First Congregational Church Rev. Barbara Turner Delisle 4 North Street Montague MA Frankli n betd51@yahoo.com 413-367-9467 http://www. montaguechu rch.org/ Faith Community First Congregational Church Rev. Barbara K. Seamon 91 S. Main St, PO Box 453 Sunderland MA 01375 Frankli n paul@wmci.org 413-665-7987 http://www.u ccwebsites.ne t/firstcongsun derlandma.ht Faith Community First Congregational Church Rev. Worth Noyes, Interim Minister 4 N. Main St., PO Box 308 Williamsburg MA 01096 Hamps hire BurgyChurch@gmail.com 413-268-7557 http://www.b urgychurch.or g/index.htm Faith Community First Congregational Church Rev. Douglas Small Mailing address: PO Box 536, Location: Huntington rd Worthington MA 01098 Hamps hire djsmall2@verizon.net 413-238-7793 http://www. macucc.org/c hurches/detai Faith Community First Congregational Church Hadley/N. Hadley Parker, Judy 118 Mt. Warner Rd.Hadley MA 01035 Hamps hire JParker22@Juno.com 413-549-3530 Faith Community First Congregational Church of Amherst Rev. Vicki Kemper 165 Main Street Amherst MA 01002- 2333 Hamps hire 413 253 3456 www.firstchu rchamherst.o rg Faith Community First Congregational Church of Chesterfield Rev. Douglas Small Main Rd PO Box 56 Chesterfield MA 01012 Hamps hire chesterfieldchurch@gmail.co m 413-296-4453 http://cheste rfieldchurch.o rg/ Faith Community First Congregational Church of Hatfield ? Rev Julie Olmsted or Amy Novak 41 Main St Hatfield MA 01038 Frankli n fcchatfield@gmail.com (413) 247 9540 http://www.f cchatfield.co m/ Faith Community First Congregational Church of Huntington Rev. Cynthia Stahler 6 Searle Road Huntington MA 01050 Frankli n cindystahler@yahoo.com 413-667-3935; c- 413-667-3208 http://www.u ccwebsites.ne Faith Community First Congregational Church, Amherst Kuusisto, Cindy Amherst MA 01003 Hamps hire cwkuusisto@yahoo.com 413-253-7421 Faith Community First Congregational Church, Buckland (MaryLyon) Rev. Richard Fournier 17 Upper St.Buckland MA 01338 Frankli n pastor@marylyonchurch.org 413-625-9440 http://www. marylyonchur ch.org/index. html Faith Community First Congregational Church-South Hadley (Center Church) Rev. Lori Souder 1 Church Street South Hadley MA 01075 Hamps hire centerchurch@verizon.net 413-532-2262 http://www.c enterchurchs outhhadley.o Faith Community First Unitarian Church Rev. Marilyn Richards 478 Main St Athol MA 01331- 1820 Frankli n athol.uu@gmail.com 978-249-8142 https://sites.g oogle.com/sit e/atholuu2/ Faith Community First United Methodist Church Rev. Ken Mantler Location: 25 Church St Greenfield MA 01301 Frankli n Ken.Mantler@gmail.com, fumcgreenfield@verizon.net 413-772-6935 http://www.g bgm- umc.org/gree Faith Community Florence Congregational Church Rev. Irvin Gammon 130 Pine St Florence MA 01062- 1251 Hamps hire PastorIrv122@gmail.com, florencechurch@comcast.ne t 413-584-1325 http://www.f ccnorthampt on.org/ Faith Community Goodwin Memorial AME Zion Church Rev. Alfred Johnson 41 Woodside Amherst MA 01002 Hamps hire NO EMAIL http://goodw inmemorialch urch.wordpre Faith Community Goshen Congregational Church Pastor Andy Berryhill 45 Main St Goshen MA 01032 Hamps hire info@gcclife.org 413-268-7427 http://www.g cclife.org/ind ex.html Faith Community Grace Episcopal Church Rev. Margaret Bullit-Jonas 14 Boltwood Ave Amherst MA 01002- 2301 Hamps hire grace@gracechurchamherst. org 413 256 6754 www.gracech urchamherst. org Faith Community Haydenville Congregational Church Director of Children’s Church: Dawn Orluski, Location: 143 Main st, Mailing address: PO Box 257 Haydenville MA 01039 Frankli n revandrea@comcast.net, HaydenvilleChurch@gmail.co m 413-268-9344 http://hayde nvillechurch.o rg/ Faith Community Hillel House Rabbi Aaron Fine 388 North Pleasant Street Amherst MA 01003 Hamps hire aaronfine@umass.edu 413-549- 1710 x207 http://www.u masshillel.org / Faith Community Holy Name of Jesus Church Rev. Archpriest Edward P. 15 Thayer St South Deerfield MA 01373 Frankli n frrandy@holynamedeerfield. org 413-665-2129 http://www.h olynamedeerf Faith Community Holy Spirit Ukrainian Church Msgr Ronald Yargeou 44 Sugarloaf St South Deerfield MA 01373 Frankli n EYoung8073@aol.com 413-665-3880 http://dhspar ish.com/ Faith Community Holy Trinity RC Church 133 Main St PO Box 965 Greenfield MA 1301 Frankli n 413-774-2884 www.holytrin itychurchgfld. org Faith Community Immaculate Conception Easthampton Manning, Carole Easthampto n MA 01027 Hamps hire manningfamily@rcn.com 413-584-0679 Faith Community Immanuel Lutheran Church 867 N Pleasant St Amherst MA 01002- 1368 Hamps hire pastor@immanuel- amherst.org 413-549-0322 http://www.i mmanuel- amherst.org/ Faith Community Jewish Community of Amherst Rabbi Ben Weiner 742 Main St Amherst MA 01002- 2413 Hamps hire rabbiweiner@j-c-a.org 413 256 0160 http://www.j- c- Faith Community Leverett Congregational Church Pastor Lee Barston 37 Old Orchard Road Shutesbury MA 01072 Hamps hire leebarstow@gmail.com 413-548-9199 Faith Community Living Waters Assembly of God Greenfield MA Frankli n Faith Community Montague Catholic School Ministries 41 Third St Turners Falls MA 01376 Frankli n http://mcsmcommunity.org/ contact (413) 863-4805 http://mcsmc ommunity.or g/ Faith Community Montauge Catholic Social Outreach 41 third st, PO Box 792,Turners Falls MA 01376 Frankli n info@mcsmcommunity.org (413) 863-4805 http://www. montaguecat holicsocialmi nistries.org/ Faith Community Most Holy Redeemer Rev. Shaun O`Connor P.O. Box 375 120 Russell St Hadley MA 01035 Hamps hire (413) 584-1326 http://www.p arishesonline. com/Scripts/ Faith Community Newman Center - UMASS Rev. Gary M. Dailey 472 N Pleasant St Amherst MA 01022 Hamps hire g.dailey@diospringfield.org 413 549 0300 http://www.n ewmanumass Faith Community Newman Student Association Laura Catherine Suttenfield 472 N. Pleasant St Amherst MA 01022 Hamps hire lsuttenfield@umass.edu Faith Community North Hadley Congregational Church Rev. Ellen Petersen 243 River Dr Hadley MA 01035- 9638 Hamps hire Godandep@yahoo.com 413-586-2021 http://www.u ccwebsites.ne Church School Faith Community North Leverett Baptist Church Pastor 70 north leverett rd Leverett MA 01054 Frankli n office@nlbcma.org 413.367.2619 http://www.n lbcma.org/ Faith Community Northfield Baptist Church Pastor: Charles Bordonaro 87 Main St Northfield MA 01360 Frankli n sainttheresachurch@comcas t.net 413-498-2739 http://www.n orthfieldbapti stchurch.net/ Faith Community Notre Dame Church (Notre Dame du Bon Conseil Parish) ? Rev. Thomas Champigny 35 Pleasant St Easthampto n MA 01027- 1129 Hamps hire NO EMAIL (413) 527-9588 http://www.p arishesonline. com/scripts/h ostedsites/Or g.asp?ID=251 1 Faith Community Our Lady of Peace Rev. Stanley Aksamit 90 Seventh Street Turners Falls MA 01376 Frankli n Fr.Stan@ourladyofpeacetf.co m 413-863-2585 http://www.o urladyofpeac Youth & Family Faith Community Our Lady of the Valley Parish 33 Adams St Easthampto n 01027 Hamps hire ourladyccc3@gmail.com 413-527-9778 Faith Community Plainfield Congregational Church Rev. Henry Whiteside Location: 356 West Main Street, Mailing Plainfield MA 01070 Hamps hire hbwhiteside@juno.com (413) 634-5607 http://www. macucc.org/c Faith Community Robbins Memorial Congregation Rev. Deborah Cory 59 Munson Street Greenfield MA 01301 Frankli n deborahcory@hotmail.com 413-774-2559 Faith Community Sacred Heart Catholic Church Father Merle Lavoie or Reverend John E. Connors ? 101 King Street Northampton Northampto n MA 01060 Hamps hire (413) 584-7422 Faith Community Saint Elizabeth Ann Seton Parish Fr. John Connors 3 Elm St Northampto n MA 01060 Hamps hire jecnj@aol.com, marymcmahon@seasnortha mpton.org 413-584-7310 http://www.s easnorthamp ton.org/mast er.dwt Pastoral Minister: Mary McMahon Faith Community Second Congregational Church Rev. Armand Proulx 16 Court Sq Greenfield MA 01301 Frankli n sccmucc@verizon.net, armandp@verizon.net 413-774-4355 http://www.g reenfieldseco Faith Community Second Congregational Church Main St.Hawley MA 01335 Frankli n Faith Community Second Congregational Church, Greenfield Golonka, Charlene MA mango@crocker.com Faith Community Shutesbury Community Church - NO EMAIL Pastor 6 Town Common Road Shutesbury MA 01072 Frankli n (413) 427-2643 Faith Community Soc. Concerns Com., Catholic Parishes of Carney, Maureen 100 Chestnut St Florence MA 01062 Hamps hire maureencarney03@hotmail. com 413-586-8419 Faith Community South Congregational Church Rev. Caroline Meyers 1066 South East St Amherst MA 01002 Hamps hire southchurch@comcast.net 413 253 -2977 Faith Community South Congregational Church, Amherst Morse, Richard MA office@amherstsouthchurch. org 413-256-0480 www.southch urchamherst. Faith Community South Deerfield Congregational Rev. Jeremiah Rood 71 North Main St South Deerfield MA 01373- 1015 Frankli n ccosd@mtdata.com 413-665-3130 Faith Community South Deerfield Congregational Church Thuillard-Rohrs, Sharon 22 Stage Road South Deerfield MA 01373 Frankli n strohrs@gmail.com 413-665-4410 Faith Community St Andrew's Episcopal Church Rev. Marnie Keator Mailing address: 2 prospect st, Location: 7th street and prospect st Turners Falls MA 01376 Frankli n kaubrymcavoy@aol.com, info@littleyellowchurch.net 413 863 4602 http://www.li ttleyellowchu rch.net/ Faith Community St Brigid's Catholic Church Rev. Smegal 122 North Pleasant street, PO Box 424 Amherst MA 01004- 0424 Hamps hire 413 256-6181 http://diospri ngfield.org/S Faith Community St James Catholic Church Rev. Julius Jutt 29 Sugarloaf St South Deerfield MA 01373- 1014 Frankli n NO EMAIL 413 665 4535 Faith Community St James Episcopal Church Rev. John Cerrato 8 Church St.Greenfield MA 01301 Frankli n cerrato.ja@gmail.com 413 773 3925 http://www.s aintjamesgre enfield.org/ Faith Community St John's Episcopal Church, Athol ? Rev. William Hobbs 15 Park Ave Athol MA 01331- 2515 Frankli n 978-249-9553 http://www.e piscopalchurc h.org/parish/ st-johns- Faith Community St Joseph's RC Parish Child Advocates: Richard Hendrick 34 Monroe Ave.Shelburne Falls MA 01370 Frankli n st.josephccsf@comcast.net 413-625-6405, 413-625-6858 http://saintjo sephparish.w Faith Community St Michael's /Byzantine Catholic Church Pastor 15 Lincoln Ave.South Hadley MA 01075 Hamps hire NO EMAIL 413 534 5261 Faith Community St Patrick's RC Church ? Rev. John J. Ayers 80 Main St Northfield MA 01360 Frankli n NO EMAIL 413 498 2728 Faith Community St Paul's Lutheran Church Rev. Jeff Gailbraith 23 Long Ave Greenfield MA 01301- 1230 Frankli n stpauls01301@yahoo.com 413 773 5242 http://www.s tpaulsluthera Faith Community St Stanislaus Catholic Church Philippe Roux, Admin 120 Sugarloaf St South Deerfield MA 01373- 1122 Frankli n NO EMAIL 413 665 3254 Faith Community St Theresa's Church Rev. Richard Bondi 9 East Parkview Drive South Hadley MA 01075- 1023 Hamps hire sainttheresachurch@comcas t.net 413-532-3228 http://diospri ngfield.org/S Faith Community St Thomas Church Pastor PO Box 405 Russell MA 01071- 0405 Frankli n NO EMAIL Faith Community St Valentine's Polish National Church admin: Fr. Adam Czarnecki 127 King St Northampto n MA 01060- 3234 Hamps hire fradam1967@yahoo.com 413 584 0133 Faith Community St. Mary's Youth Service Corps Barth, Ed 6 Huckleberry Lane Franklin, MA 02038 MA edbarth@comcast.net 617-759-3870 Faith Community St. Paul's Lutheran Church Jefferson, Julie 9 Randall Wood Dr Montague, MA 01351 MA juliejefferson@marykay.com 413-863-2243 Faith Community Stonybrook Community Church ? Rev. Dan Brown 36 Hadley St South Hadley MA 01075 Hamps hire info@stonybrookchurch.org , pastor@stonybrookchurch.o rg 413-535-2351 http://www.s tonybrookchu rch.org/word Faith Community Temple Israel Rabbi Andrea Cohen-Kiener 27 Pierce St Greenfield MA 01301 Frankli n rabbi@templeisraelgreenfiel d.org 413-773-5884 http://temple israelgreenfie ld.org/ Faith Community The Church of Jesus Christ of Latter Day Saints ? John Speek 92 Colrain Road Greenfield MA 01301 Frankli n ? thespeekfamily@gmail.com 413-772-8514 Faith Community The College Church Rev. Stephen Behlke 58 Pomeroy Ter Northampto n MA 01061- 0203 Hamps hire info@thecollegechurch.org 413-586-0057 www.thecolle gechurch.co m Dr. Don Lundgren (Missions Pastor) Faith Community Trinitarian Congregational Church Rev. Dr. Chris Fontaine (interim pastor) 147 Main St Northfield MA 01360 Frankli n edbarth@comcast.net http://www. macucc.org/c hurches/detai Faith Community Trinity Church Rev. David A. Neil 17 Severence St. PO Box 96 Shelburne Falls MA 01370 Frankli n agvernava@gmail.com,, trinityshelfalls@earthlink.net 413-625-2341 Faith Community Trinity Lutheran Church Rev. James Rice 2 Clark Street Easthampto n MA 01027 Hamps hire 413-527-3311 Faith Community UCC/Central Congregational Church Pastor Marianne Maccullagh 220 South Main St, Mailing address: PO New Salem MA 01355 Frankli n ctrevmom@hotmail.com 978-544-7300 http://www.c entralcongreg Faith Community Unitarian Society of Amherst 121 N Pleasant St, PO Box 502 Amherst MA 01004 Hamps hire Faith Community Unitarian Society of Northampton 220 Main Street Northampto n MA 01060- 3105 Hamps hire Faith Community Unitarian Universalist Church ? Rev. Marguerite Sheehan Main St Northfield MA 01360 Frankli n NO EMAIL 413-498-5566 Faith Community Unitarian Universalist Church of Bernardston Rev. Albert Ciarcia and Rev. Steve Wilson Church St, PO Box 5 Bernardston MA 01337 Frankli n annette@bernardstonunitari an.org 413 648 9574 http://www.b ernardstonun itarian.org/in Faith Community United Church of Christ Rev. Todd Farnsworth PO Box 603 Belchertown MA 01007- 1126 Hamps hire no email (413) 323-7442 http://belche rtownucc.org / Faith Community United Church of Pelham Rev. Virginia Bove (interim pastor)142 Amherst Rd.Pelham MA 01002 Frankli n pelhamucc@yahoo.com 413-253-3820 http://www.u ccwebsites.ne Faith Community United Methodist Church Peter Malloy 30 Carew St South Hadley MA 01075 Hamps hire churchoffice@thesteepleinth efalls.org 413-532-0550 Faith Community Unity in the Pioneer Valley Rev. Carol Kelshaw 6 Arch St Greenfield MA 01301 Frankli n upv@verizon.net 413-774-5552 http://www.u nityinthepion Faith Community Wesley United Methodist Church Rev. Dr. Ronald Wilson 98 North Maple st Hadley MA 01035 Hamps hire ? office@wesleyfamily.org 413-549-1550 www.wesleyf amily.org Faith Community West Country Churches Litchfield, Sheila and Joanna Zeman 220 Route 8A Charlemont MA 01339 sheila@thedell.us 413-772-5050 Faith Community West County Baptist Church 108 Main Street, ? P.O. Box 671 Charlemont MA 01339 Frankli n ? wcbc1@verizon.net 413-339-4488 http://www. westcountyb Faith Community West Cummington Congregational Church Eisenhour, John D.462 West Cummington Road Cummintgon MA 01026 Hamps hire jde73@yahoo.com 413-634-2243 Faith Community West Cummington Congregational Church Rev. Stephen Pilbrick 27 main st (location until church is West Cummington MA 01026 Frankli n stephenphilbrick@verizon.ne t 413-634-2100 http://www. westcumming Faith Community Westhampton Congregational Church Julie Holt, church secretary 86 Reservoir Rd Westhampto n MA 01027 Hamps hire westhamptonchurchucc@co mcast.net 413-527-4204 Faith Community Westhampton Congregational Church Rev. Tadd Allman- Morton 1 Tob Hill Road Westhampto n MA 01027 Hamps hire westhamptonchurchucc@co mcast.net 413-527-4204 http://www. westhampton churchucc.org /index.html Faith Community Whately United Congregational Church Rev. Dr. Cynthia Crosson- 177 Chestnut Plain Rd. Whately MA 01093 Frankli n NO EMAIL 413-665-3537 http://www. macucc.org/c Faith Community Zen Peacemakers MA info@zenpeacemakers.com 347.210.9556 Faith Community Mass Access Housing Registry massaccesshousingregistry housing Amherst Housing and Sheltering Committee Town Hall, 4 Boltwood Ave Amherst MA 01002 Hamps hire MalloyN@amherstma.gov ; planning@amherstma.gov 413-259-3040 Housing Org Amherst Housing Authority Debbie Turgeon 33 Kellogg Ave Amherst MA 01002 Hamps hire dturgeon@amhersthousinga uthority.org 413.256.0206 Housing Org City of Northampton Peg Keller, Housing Planner City Hall, 210 Main Street Northampto n MA 01060 Hamps hire pkeller@northamptonma.go v 413-587-1288 Housing Org Easthampton Housing Authority Deborah Walker 112 Holyoke St Easthampto n MA 01027 Hamps hire no email found 413.527.1600 Housing Org Franklin County Regional Housing Authority Anitra Ford 42 Canal Rd Turners Falls MA 01376 Frankli n Anitra Ford (aford@fcrhra.org)413-863-9781 http://www.f chra.org/Housing Org Greenfield Housing Authority 1 Elm Terrace Greenfield MA 01341 Frankli n info@greenfieldhousing.org 413.774.2932 http://www.g reenfieldhous Housing Org Hadley Housing Authority 42 Golden Ct Hadley MA 01035 Hamps hire hadleyHousingAuthority@g mail.com 413.584.3868 Housing Org HAP 20 Hampton Ave, Suite 185 Northampto n MA 01060 Hamps hire jcordero@haphousing.org; govoni@haphousing.org 413.584.8495 Housing Org Hathaway Farms, Tenants Council Rev. Andrea Ayvazian 73 Barrett St Northampto n MA 01060 Hamps hire hathawayfarms@spearmgmt .com 413.586.1405 vdrew@spea rmgmt.com Housing Org Hilltown CDC Housing Programs Paul Lischetti PO Box 17 Chesterfield MA 01012 Frankli n paull@hilltowncdc.org 413-296-4536 http://www.h illtowncdc.or g/ staff@hilltow ncdc.org Housing Org Massachusetts Affordable Housing Alliance MA hpizer@mahahome.org 617-822-9100 ext. 302 Housing Org Meadowbrook, Tenants Council 491 Bridge St, Suite 1 Florence MA 01062 Hamps hire info@preservationhousing.c om 413.584.7590 Housing Org Valley CDC First time Homebuyers Program 30 Market St Northampto n MA 01060 Hamps hire info@valleycdc.com; dc@valleycdc.com 413-586-5855 ext 160 Housing Org Massachusetts Fair Housing Center 57 Suffolk St Holyoke MA 01040 Hampd en info@massfairhousing.org 413-539-9796 housing org ServiceNet Shelter & Housing NCASTRO@SERVICENET.ORG www.service net.org Housing Placement Specialist Casa Latina 140 Pine St #6 Florence MA 01062 Hamps hire INFO@CASALATINAINC.ORG 413.586.1569 social services Center for New Americans, Amherst 70 Boltwood Walk Amherst MA 01002 Hamps hire info@cnam.org 413.259.3288 social services Center for New Americans, Greenfield 90 Federal St Greenfield MA 01301 Frankli n info@cnam.org 413.772.0055 rosa@cnam. org social services Center for New Americans, Northampton 42 Gothic St Northampto n MA 01060 Hamps hire info@cnam.org 413.587.0084 admin@cna m.org social services Center for Women and Community Becky Lockwood 180 Infirmary Way, New Africa House Amherst MA 01003 Hamps hire ewcmail@umass.edu 413.545.0883 rlockwood@ umass.edu social services Community Action! Franklin County 154 Federal St Greenfield MA 01301 Frankli n info@communityaction.us 413.774.2318 dtacy@com munityaction .us social services Community Action! Hampshire County 56 Vernon Street Northampto n MA 01060 Hamps hire info@communityaction.us 413.582.4230 social services Community Action! North Quabbin 167 South Main Street North Quabbin MA 01364 Frankli n info@communityaction.us 978.575-0522 eparsons@co mmunityacti social services Family Outreach of Amherst Laura Reichsman, Program Director 401 Main Street, Suite 12 Amherst MA 01002 Hamps hire LREICHSMAN@CHD.ORG 413-548-1270 www.chd.org Social Services Flywheel Arts Center 43 Main Street Easthampto n MA Hamps hire info@flywheelarts.org social services Franklin Hampshire Career Center 1 Arch Pl #2 Greenfield MA 01031 Frankli n joyceRice@fhcareers.org (413) 774-4361 http://www.f hcc- onestop.com social services Friends of Ward 8 David Boyle P.O. Box 3597 Amherst MA 01004 Hamps hire 413 695 6005 Contact form on website social services Greenfield YMCA 451 Main St Greenfield MA 01031 Frankli n frhsgs@gmail.com (413) 773-3646 http://www.y mcaingreenfi Bfitzpatrick@ YMCAinGree social services Grow Food Northampton 245 Main St. #207 Northampto n MA 01060 Hamps hire clem@growfoodnorthampto n.com (413) 320-4799 social services Hilltown Food Pantry Walter Clune, office manager 40 Main St Goshen MA 01032 Frankli n walter@NorthamptonSurviv al.org 413.268.7578 social services It takes a village PO Box 484 Williamsburg , MA MA 01096- 0484 Hamps hire info@hilltownvillage.org social services Just Roots Greenfield MA 01301 Frankin jay@justroots.org 413-325-8969 www.justroot s.org Social services Kids In Transition (KIT) Program Miller, Alexis MA abarbmiller@yahoo.com 413-781-6485 x198 jessicarivera @key.org social services Learning In Retirement Tisha MA Hamps hire 5clir@smith.edu (413) 585-3756 https://5clir.o rg/social services Lifepath 330 Montague City Road Turners Falls MA 01376 Frankli n mjohnson@lifepath.org (413) 773-5555 lifepathma.or g social services Literacy Project, Amherst 742 Main St Amherst MA 01002 Hamps hire JROBERTS@LITERACYPROJEC T.ORG 413.259.1663 social services Literacy Project, Greenfield 15 Bank Row, Suite D Greenfield MA 01301 Frankli n info@literacyproject.org 413.774.3935 social services Literacy Project, Northampton James House Community Learning Northampto n MA 01062 Hamps hire info@literacyproject.org 413.584.6755 social services Mom’s Rising MA Frankli n http://www.momsrising.org/ contact social services Mothers of Color Awareness Initiative Bessie Smith PO Box 356 Northampto n MA 01060 Hamps hire mocaigroup@gmail.com social services Noho Pride P.O.Box 866 Northampto n MA 01060 Hamps hire INFO@NOHOPRIDE.ORG social services Northampton Survival Center Walter Clune, office manager 265 Prospect Street Northampto n MA 01060 Hamps hire walter@NorthamptonSurviv al.org 413.586.6564 northampton survival.org social services Pioneer Valley Parents Group Hensley, Mark 74 Beacon Street Florence MA 01062 Hamps hire markthensley@yahoo.com 413-584-2265 social services Pioneer Valley Planning Commission 60 Congress St - Floor 1 Springfield MA 01104 Frankli n cratte@pvpc.org 413-781-6045 social services Stavros 210 Old Farm Rd Amherst MA 01002 Hamps hire INFO@STAVROS.ORG 1.800.442.1185 social services The Children's Study Home 44 Sherman Street Springfield MA 01109 Frankli n gwilliams@studyhome.org (413) 739-5626 Gloria Williams social services The Masons A.F. & A.M Frenkel, Raymond 37 Tamarack Dr Amherst MA 01002 Hamps hire raymond@frenkel.us 413-256-3975 social services Treehouse Foundation One Treehouse Circle Easthampto n MA 01027 Hamps hire sage@refca.net 413.527.7966 social services World Education- MA Adult Literacy Hotline 44 Farnsworth St Boston MA 02210 617.482.9485 social services Swift River (Rehab)888-910-1164 or 413 634-3600 swiftriver.co m Contact form on website social services Big Brothers Big Sisters of Franklin County 16 Court Square Greenfield MA 01301 Frankli n INFO@BBBS-FC.ORG 413-772-0915 www.bbbs- fc.org Social Servies American Legion Hadley 162 Russell Street Hadley MA 01035 Hamps hire 413-586-9699 (call after 3pm)Veterans American Legion Orange 40 Daniel Shays Highway Orange MA 01364 Frankli n (978) 544-6023 (call after 3pm) https://www. facebook.co m/pages/Am Veterans Bilingual Veterans Outreach Centers of Massachusetts Inc. 281 Franklin Street Springfield MA 01104 Hampd en Bvoc.arelis@gmail.com (413) 731-0194 http://bilingu alvets.org/ betty.borders @live.com Veterans Disabled American Veterans Chapter 55 425 Union Street West Springfield MA 01089 Hampd en 413-301-8739, Weds & Thurs 9a- 2pm http://www.d av55ma.comc astbiz.net/51 Veterans Homeward Vets, Inc.Dave Felty 166 First Ave Ludlow MA 01056 Hampd en dfelty@homewardvets.org (413) 203-1479 http://www.h omewardvets .org/ Veterans New England Chapter 9, Sky Soldier John A Reverend Guy Hodgkins 337 West Hawley Road Hawley MA 01339 Frankli n logpc@comcast.net 413 339 8391 x337 http://www.n ewenglandsk Veterans Northfield VFW Mike Hastings 545 Mt Hermon Road Northfield MA 01360 Frankli n Message on Facebook 413 863 9804 http://myvfw .org/ma/post Veterans VFW Post 3295 Hale- Clapp Post Post Commander John P. Imhoff 67 North Main Street South Deerfield MA 01373 Frankli n Alan248@comcast.net 413-665-2529 http://myvfw .org/ma/post 3295/post- Veterans Media Outlet email notes/deadline phone for news fax for news Notes Online calendar URL 93.9 WRSI - The River monte@wrsi.com 413-586-7400 413-585-0927 http://wrsi.com/submit-an-event/ ABC 40/ Fox 6 tips@westernmassnews.com (201 Kimberly Arra 733.44 no calendar found Amherst Bulletin bounced 2016 - amherst@gazettenet.com must pay money for event listing Amherst Chamber of Commerce info@amherstarea.com Tim O'Brien http://www.amherstarea.com/events/publ ic-submission AmherstMedia.org director@amherstmedia.org Jim Lescault 413.259.3300 246 College St., amherst, M no calendar found Casa Latina casalatina@conversent.net events have not been updated since Jan 2015 CBS - 3 news@cbs3springfield.com 413-736-4333 combined with abc40/fox6 CBS TV 3 news@cbs3springfield.com John Hesslein 523.4913 " The Daily Collegian thecollegian@gmail.com 413-545-3500 Umass Amherst Student Newspaper CBS3 news@cbs3springfield.com " Daily Hampshire Gazette sales@gazettenet.com Display advertising http://www.gazettenet.com/Events#!/ Daily Hampshire Gazette news@gazettenet.com photographer 584.5 " Daily Hampshire Gazette amherst@gazettenet.com " Daily Hampshire Gazette newsroom@gazettenet.com 413-584-5000 " Easthampton Chamber info@easthamptonchamber.org Denise Gross http://business.easthamptonchamber.org/ events/public-submission Easthampton Community TV (ECAT5)ecatchannel5@gmail.com http://easthamptonmedia.org/2012-04-02- 17-06-19/community-calendar- submissions?view=form El Sol Latino manuelfrau@gmail.com Manuel Frau Franklin Chamber of Commerce lisa@franklincc.org Lisa http://chamber.franklincc.org/events/publi c-submission Greenfield Business Association gba@franklincc.org Caitlin http://greenfieldbusiness.org/addanevent. php Hampshire Life calendar@gazettenet.com Tuesday of the same week tried to email, message returned Hill Towns Blog press@hilltownfamilies.org http://www.hilltownfamilies.org/ Montague Reporter (editor David Detm events@montaguereporter.org emailed NCTV jramsay@northamptontv.org Jennifer Ramsay, Media Resource C 587.355 no calendar found NCTV - Northampton Community Televi palwilliams@northamptontv.org Al Williams 587.355 " NEPR news@nepr.net 413.545.0103 no calendar found Northampton Chamber of Commerce info@explorenorthampton.com Jasmin Tomic 584.19 http://www.explorenorthampton.com/cha mber/events.htm NPR Radio radio@nepr.net same "" Recorder Calendar talkofthetowns@recorder.com 413-772-0261 http://www.recorder.com/Events#!/ Shelburne Falls Independent (bi-weekly news@shelburnefallsindependent.Ginny Ray 413.522.5046 http://www.shelburnefalls.com/index.php/ upcoming-events/events- calendar/icalevent.edit/0?year=2016&mon th=11&day=16 The Advocate - EVENTS http://www.valleyadvocate.com/calendar/ submit event page "unavailable for scheduled maintenance" The Recorder news@recorder.com 413-772-0261 " The Republican news@repub.com 413-788-1200 no calendar found The Republican mfrench@repub.com Mark French 413.788.1045 " Media Outlet email notes/deadline phone for news fax for news Notes Online calendar URL The Valley Advocate sales@valleyadvocate.com " Valley Advocate mboily@valleyadvocate.com Marija Boily 413.529.2840 x 288 " West County News news@sfindependent.net 413.625.8297 no calendar found WFCR news@wfcr.org post under Events at wfcr.net " WFCR (88.5 FM and AM640 WNNZ)radio@nepr.net 413.536.1823 " WFCR 88.5 FM AM 640 WNNZ news@nepr.net 413.536.1823 Met at Table Top Event " WGBY Public TV for Western New Engla rpeotter@wgby.org Russell Peotter 781.2801 " Western Mass News tips@westernmassnews.com 413-733-4040 413-781-1363 combined with fox6/abc40/ch6 WMAS 94.7 fm events@947wmas.com (bounced 2019) emailed WWLP - 22 news@wwlp.com 413-377-1160 413-377-2261 no calendar found WWLP22 news@wwlp.com 377-2200 " WXOJ - Valley Free Radio FM 103.3 donfreeman51@gmail.com Don Freeman 323.4381 or 537.9922 no calendar found WXOJ - Valley Free Radio FM 103.3 psa@valleyfreeradio.org for PSA announcements no calendar found Town Reminder (South Hadley)townreminder@turley.com Kristin Will 413-536-5333 Format: MS word docume no calendar found Country Journal (Huntington)countryjournal@turley.com no calendar found Vocero Hispano news@vocerohispano.com or pds@vocerohispano.com Spanish language paper - wcalendar last updated 2011 The Visitor (of UCC Conway)visitor@uccofconway.com distributed in Conway The Colrain Clarion rebecca_tippens@yahoo.com an informal monthly e-mail newsletter for Colrain Greenfield Community Television mail@gctv.org 413-687-3800 AN EQUAL OPPORTUNITY HOUSING LENDER PVHH does not discriminate in the selection of applicants on the basis of race, color, national origin, disability, age, ancestry, children, familial status, genetic information, marital status, public assistance recipiency, religion, sex, sexual orientation, gender identity, veteran/military status, or any other basis prohibited by law. Dear Prospective Applicant, Pioneer Valley Habitat for Humanity is a non-profit, ecumenical housing ministry whose goal is to make home ownership possible for low-income families. We build in Hampshire and Franklin counties. Through the donation of money, land, expertise and labor, we commit ourselves to build safe, decent, affordable homes in partnership with families in need. The steps of becoming an owner of a Habitat Home is described in detail below. Please read this carefully to determine if you will likely qualify and if you would like to participate in our unique process to becoming a homeowner. The three eligibility criteria for becoming a Habitat Homeowner are ability to pay, willingness to partner and housing need. Step One: Complete Application: The application is attached and you are required to complete each section and sign it. If a particular section does not apply to you, do not leave it blank. Write N/A in that section. Step Two: Gather Supporting Documents: Along with your application, every adult in your household will be required to submit documentation for all forms of income including wages, social security and/or disability benefits, childcare payments, etc. In addition, any income from assets will also be reviewed so you will need to submit copy of bank statements and statements for any investment accounts. See Attachment A for a complete list of required documents. Step Three: Submit Application Package by ____________________. All information is considered confidential and is to be used only for family selection. Step Four: Application Review and Income Verification: The Family Selection Committee is responsible for reviewing each application and determining your eligibility. We build our homes for families earning less than 60% of area median income and we need to make sure you have the ability to pay the mortgage so the committee needs to carefully review your documents. Income limits are set by HUD each year and vary by family size. A list of the most recent limits can be found in Attachment B. The application review process may take several months to complete. Step Five: Ability to Pay: Once it has been determined that you are qualified based upon your household income, the family selection committee then verifies that you have the ability to pay an affordable mortgage. This step seeks to answer 3 important questions: 1. Do you have enough income to support a modest home loan? The price of our homes typically ranges from $120,000 to $150,000. You will need enough income to cover monthly housing costs that do not exceed 30% of your total income. Mortgage payments, taxes, homeowners insurance and condo/association fees (if applicable) are all considered part of your monthly housing costs. The initial total housing costs (as described above) when owning a Habitat home typically ranges from $700 - $1,200 monthly. 2. Can you demonstrate a positive repayment history? At this stage of the process, a credit check is performed to examine your history of repayment. We may also request a statement of repayment from your current and previous landlord as well as other credit references. 3. Do you have too much debt to make mortgage payments? While Habitat homes are modestly priced, if your debt is too high it may affect your ability to make your mortgage payments on time. Your estimated monthly housing costs plus your monthly debt obligations cannot equal more than 40% of your income. AN EQUAL OPPORTUNITY HOUSING LENDER PVHH does not discriminate in the selection of applicants on the basis of race, color, national origin, disability, age, ancestry, children, familial status, genetic information, marital status, public assistance recipiency, religion, sex, sexual orientation, gender identity, veteran/military status, or any other basis prohibited by law. Step Six: Home Visit: Once your income eligibility and credit worthiness is determined, two members of the family selection committee will visit you and your family at home. At this time, the remaining Habitat homeowner responsibilities and your housing need will be discussed in detail. In addition, the family selection committee will explain the details of the universal deed rider, the resale procedures and the capital improvement policy to which your home will be subjected. Finally, any responsibilities that you will assume if your home is part of a home owner association or condo association will be discussed during the home visit. Step Seven: Lottery & Partnership: Habitat will put all eligible applicants into a lottery. If you are picked in the lottery you will be notified and asked to sign an agreement stating your willingness to partner with Habitat and a sign a disclosure statement that you understand the resale restrictions associated with this opportunity. If selected, $700 will be needed for a down payment. You will have some time to save this money, as $100 installments for seven months do not begin until construction on the house begins. You will also need to save for homeowners insurance before you buy your home (typically $500 to $1,000). Step Eight: Construction of your Home: Due to strong involvement of community volunteers, it takes approximately 12 to 24 months to complete construction on a Habitat Home. During this time, you will be required to perform a minimum of 250 hours of sweat equity per adult household member with the required total not to exceed 500. Many Habitat households perform more hours than required but this depends upon each family’s individual circumstances. A mentor will be assigned to you during this phase of the process and they will help you track your sweat equity hours, ensure that you meet the educational requirements and be on-hand to help select some of the custom elements available for your new home. Step Nine: Purchasing Your Home: When construction is nearing completion, you will be required to sign a letter of intent to purchase your Habitat home. This document will establish the sales price as well as the day you may take possession of the home. The letter will also outline several contingencies that need to be met before you can take possession of your home. These include: 1) Approval for a subsidized Mortgage OR final income verification for Habitat mortgage 2) Proof of insurance for your new home (you will need to pay for a full year in advance of closing) 3) Certification of your sweat equity hours 4) Receipt of your down payment 5) Certification that you’ve completed educational requirements 6) Receipt of deed restriction disclosure statement 7) Receipt of warranty list and policy documentation Step Ten: Closing Day: This is the day the title of house is signed over to you and when you sign the mortgage and loan documents. This is conducted in a lawyer’s office, and you will have an attorney represent you. The Massachusetts Department of Housing and Community Development (DHCD) must review all closing documents two weeks prior to closing and prepare a new deed rider. Prior to closing day, your mentor will sit down with you and review all the documents that you will be signing to determine if you have any questions. These include the promissory note and mortgage to Pioneer Valley Habitat for Humanity, a universal deed rider and re-sale price certification, a lease if on land trust property and any other mortgages that may be placed on the property by subsidizing agencies. If you have any questions, please call the office at 413-586-5430 from 9:00 a.m. to 3:00pm, weekdays. Our website www.pvhabitat.org has detailed information on the “Home Ownership” link. Families not initially accepted may reapply for another house in the future. Sincerely, Family Selection Committee, Pioneer Valley Habitat for Humanity Application Habitat Homeownership Program 1. APPLICANT INFORMATION   Applicant  Co-applicant   Applicant’s name  Co-applicant’s name   Social Security number _________________________________   Home phone __________________________ Age _____   □ Married □ Separated □ Unmarried (Incl. single, divorced, widowed)   Social Security number _________________________________ Home phone __________________________ Age _____ □ Married □ Separated □ Unmarried (Incl. single, divorced, widowed) Dependents and others who will live with you (not listed by co-applicant) Name Age Male Female ______________________________ ____ □ □ ______________________________ ____ □ □ ______________________________ ____ □ □ ______________________________ ____ □ □ ______________________________ ____ □ □ Dependents and others who will live with you (not listed by co-applicant) Name Age Male Female ______________________________ ____ □ □ ______________________________ ____ □ □ ______________________________ ____ □ □ ______________________________ ____ □ □ _________________________  ____ □ □ Present address (street, city, state, ZIP code) □ Own □ Rent   ____________________________________________________ ____________________________________________________ Number of years _________________   Present address (street, city, state, ZIP code) □ Own □ Rent ____________________________________________________ ____________________________________________________ Number of years _________________ If you have lived at your present address for less than two years, complete the following:   Last address (street, city, state, ZIP code) □ Own □ Rent ____________________________________________________ ____________________________________________________ Number of years _________________ Present address (street, city, state, ZIP code) □ Own □ Rent ____________________________________________________ ____________________________________________________ Number of years _________________ 2. FOR OFFICE USE ONLY — DO NOT WRITE IN THIS SPACE Date received: _______________________________________ Date of notice of incomplete application letter: ______________ Date of adverse action letter: ____________________________ Date of selection committee approval: _____________________ Date of board approval: ________________________________ Date of partnership agreement: __________________________ Dear Applicant: Please complete this application to determine if you qualify for the Habitat for Humanity homeownership program. Please fill out the application as completely and accurately as possible. All information you include on this application will be kept confidential in accordance with the Gramm-Leach-Bliley Act. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.     3. WILLINGNESS TO PARTNER To be considered for Habitat homeownership, you and your family must be willing to complete a certain number of “sweat-equity” hours. Your help in building your home and the homes of others is called “sweat equity” and may include clearing the lot, painting, helping with construction, working in the Habitat office, attending homeownership classes or other approved activities. I AM WILLING TO COMPLETE THE REQUIRED SWEAT-EQUITY HOURS: Yes No Applicant □ □ Co-applicant □ □ Number of bedrooms (please circle) 1 2 3 4 5 Other rooms in the place where you are currently living: □ Kitchen □ Bathroom □ Living room □ Dining room □ Other (please describe) _____________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ If you rent your residence, what is your monthly rent payment? $________________________________/month (Please supply a copy of your lease or a copy of a money order receipt or canceled rent check.) Name, address and phone number of current landlord: _______________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ In the space below, describe the condition of the house or apartment where you live. Why do you need a Habitat home? ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ ___________________________________________________________________________________________________________ If you own your residence, what is your monthly mortgage payment? $_______________/month Unpaid balance $_______________ Do you own land? □ No □ Yes Monthly payment $___________________ Unpaid balance $_______________________ If you wish your property to be considered for building your Habitat home, please attach land documentation.   4. PRESENT HOUSING CONDITIONS 5. PROPERTY INFORMATION 6. EMPLOYMENT INFORMATION Applicant Co-applicant Name and address of CURRENT employer Years on this job Name and address of CURRENT employer Years on this job Monthly (gross) wages $ Monthly (gross) wages $ Type of business Business phone Type of business Business phone If working at current job less than one year, complete the following information Name and address of LAST employer Years on this job Name and address of LAST employer Years on this job Monthly (gross) wages $ Monthly (gross) wages $ Type of business Business phone Type of business Business phone 7. MONTHLY INCOME Income source Applicant Co-applicant Others in household Total Wages $ $ $ $ TANF $ $ $ $ Alimony $ $ $ $ Child support $ $ $ $ Social Security $ $ $ $ SSI $ $ $ $ Disability $ $ $ $ Section 8 housing $ $ $ $ Other: _______________ $ $ $ $ Other: _______________ $ $ $ $ Other: _______________ $ $ $ $ Total $ $ $ $ PLEASE NOTE: Self-employed applicants may be required to provide additional documentation such as tax returns and financial statements. HOUSEHOLD MEMBERS WHOSE INCOME IS LISTED ABOVE Name Income source Monthly income Date of birth Where will you get the money to make the down payment or pay for closing costs (for example, savings or parents)? If you borrow the money, whom will you borrow it from, and how will you pay it back? ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________ 9. ASSETS Name of bank, savings and loan, credit union, etc. Address City, state ZIP Account number Current balance $ $ $ $ $ $ $ $ $ 10. DEBT  TO WHOM DO YOU AND THE CO-APPLICANT(S) OWE MONEY? APPLICANT CO-APPLICANT Account Monthly payment Unpaid balance Months left to pay Monthly payment Unpaid balance Months left to pay Other motor vehicle $ $ $ $ Boat $ $ $ $ Furniture, appliance, TVs (includes rent-to-own) $ $ $ $ Alimony $ $ $ $ Child support $ $ $ $ Credit card $ $ $ $ Credit card $ $ $ $ Credit card $ $ $ $ Total medical $ $ $ $ Other $ $ $ $ Other $ $ $ $ Total $ $ $ $ 8. SOURCE OF DOWN PAYMENT AND CLOSING COSTS MONTHLY EXPENSES Account Applicant Co-applicant Total Rent $ $ $ Utilities $ $ $ Insurance $ $ $ Child care $ $ $ Internet service $ $ $ Cell phone $ $ $ Land line $ $ $ Business expenses $ $ $ Union dues $ $ $ Other $ $ $ Other $ $ $ Other $ $ $ Total $ $ $ 11. DECLARATIONS Please check the box beside the word that best answers the following questions for you and the co-applicant  Applicant Co-applicant a. Do you have any outstanding judgments because of a court decision against you? □ Yes □ No □ Yes □ No b. Have you been declared bankrupt within the past seven years? □ Yes □ No □ Yes □ No c. Have you had property foreclosed on or deed in lieu of foreclosure in the past seven years? □ Yes □ No □ Yes □ No d. Are you currently involved in a lawsuit? □ Yes □ No □ Yes □ No e. Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer of title in lieu of foreclosure, or judgment? □ Yes □ No □ Yes □ No f. Are you currently delinquent or in default on any federal debt or any other loan, mortgage financial obligation or loan guarantee? □ Yes □ No □ Yes □ No g. Are you paying alimony or child support or separate maintenance? □ Yes □ No □ Yes □ No h. Are you a co-signer or endorser on any loan? □ Yes □ No □ Yes □ No i. Are you a U.S. citizen or permanent resident? □ Yes □ No □ Yes □ No If you answered “yes” to any question a through h, or "no" to question i, please explain on a separate piece of paper.   I understand that by filing this application, I am authorizing Habitat for Humanity to evaluate my actual need for the Habitat homeownership program, my ability to repay an affordable loan and other expenses of homeownership, and my willingness to be a partner through sweat equity. I understand that the evaluation will include personal visits, a credit check and employment verification. I have answered all the questions on this application truthfully. I understand that if I have not answered the questions truthfully, my application may be denied, and that even if I have already been selected to receive a Habitat home, I may be disqualified from the program and forfeit any rights or claims to a Habitat home. The original or a copy of this application will be retained by Habitat for Humanity even if the application is not approved. I also understand that Habitat for Humanity screens all applicants on the sex offender registry. By completing this application, I am submitting myself to such an inquiry. I further understand that by completing this application, I am submitting myself to a criminal background check. Applicant signature Date Co-applicant signature Date X ___________________________________ ___________ X ___________________________________ ___________ PLEASE NOTE: If more space is needed to complete any part of this application, please use a separate sheet of paper and attach it to this application. Please mark your additional comments with “A” for applicant or “C” for co-applicant. This is to notify you that we may order an appraisal in connection with your loan and we may charge you for this appraisal. Upon completion of the appraisal, we will promptly provide a copy to you, even if the loan does not close. Applicant's name ________________________________________ Co-applicant's name _________________________________   12. AUTHORIZATION AND RELEASE 13. RIGHT TO RECEIVE COPY OF APPRAISAL PLEASE READ THIS STATEMENT BEFORE COMPLETING THE BOX BELOW: We are requesting the following information to monitor our compliance with the federal Equal Credit Opportunity Act, which prohibits unlawful discrimination. You are not required to provide this information. We will not take this information (or your decision not to provide this information) into account in connection with your application or credit transaction. The law provides that a creditor may not discriminate based on this information, or based on whether or not you choose to provide it. If you choose not to provide the information, we may note it by visual observation or surname. Applicant Co-applicant □ I do not wish to furnish this information Race (applicant may select more than one racial designation): □ American Indian or Alaska Native □ Native Hawaiian or other Pacific Islander □ Black/African-American □ White □ Asian Ethnicity: □ Hispanic or Latino □ Non-Hispanic or Latino Sex: □ Female □ Male Birthdate: __________/__________/__________ Marital status: □ Married □ Separated □ Unmarried (single, divorced, widowed) □ I do not wish to furnish this information Race (applicant may select more than one racial designation): □ American Indian or Alaska Native □ Native Hawaiian or other Pacific Islander □ Black/African-American □ White □ Asian Ethnicity: □ Hispanic or Latino □ Non-Hispanic or Latino Sex: □ Female □ Male Birthdate: __________/__________/__________ Marital status: □ Married □ Separated □ Unmarried (single, divorced, widowed) To be completed only by the person conducting the interview This application was taken by: □ Face-to-face interview □ By mail □ By telephone Interviewer’s name (print or type) Interviewer’s signature Date Interviewer’s phone number 14. INFORMATION FOR GOVERNMENT MONITORING PURPOSES   EQUAL CREDIT OPPORTUNITY ACT (ECOA) Notice The attached ECOA notice should be provided to all applicants with the application for the Habitat homeownership program in order to communicate the right to require certain income information from applicants for the Habitat program. Purpose and background: Because Habitat for Humanity homeownership and loan programs qualify as Special Purpose Credit Programs under the Equal Credit Opportunity Act, Habitat can request and consider certain information about income that other lenders may not be allowed to request and consider in connection with their loan programs without providing certain disclosures and options for the applicant to decline to provide that information. Although federal law allows Special Purpose Credit Programs to request and consider this information to determine eligibility for their programs, the law does not explicitly provide an exemption from the disclosure. Accordingly, in order to avoid any confusion by Habitat applicants about their rights and obligations to provide this information, we recommend that Habitat affiliates provide the customary disclosure together with the explanation for Habitat’s right to consider that information in evaluating applications for the Habitat program. Please see the attached sample ECOA notice. Affiliate instructions: The Habitat affiliate needs to fill in the address for the FTC regional office for the region in which the affiliate is located. To find the appropriate regional office for the FTC, please check the FTC website: ftc.gov/about-ftc/bureaus-offices/regional-offices. Provide two copies of the ECOA notice to the applicant with the application. Each applicant and co-applicant, if any, should sign and date the ECOA notice to acknowledge receipt, and return the signed copy to Habitat with the written application.     EQUAL CREDIT OPPORTUNITY ACT NOTICE The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that monitors compliance with this law concerning this company is the Federal Trade Commission, with offices at [FTC Regional Office for the ____________ region, ____________________________________ — insert address for region in which the affiliate operates (see instructions for link)] or Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580. You need not disclose income from alimony, child support or separate maintenance payment if you choose not to do so. However, because we operate a Special Purpose Credit Program, we may request and require, in order to determine an applicant’s eligibility for the program and the affordable mortgage amount, information regarding the applicant’s marital status; alimony, child support and separate maintenance income; and the spouse’s financial resources. Accordingly, if you receive income from these sources and do not provide this information with your application, your application will be considered incomplete, and we will be unable to invite you to participate in the Habitat program. [HABITAT: CONFIRM ALL APPLICANTS ARE REQUIRED BY YOUR POLICY TO PROVIDE THIS INFORMATION AND THEN DELETE THIS PARANTHETICAL.] Applicant(s): X ___________________________________________ X _____________________________________ Print name: ___________________________________ Print name: _____________________________ Date: ________________________________________ Date: __________________________________ Attachment A AN EQUAL OPPORTUNITY HOUSING LENDER Pioneer Valley Habitat for Humanity | PO Box 60642, 140 Pine Street, Florence, MA 01062 413-586-5430 | www.pvhabitat.org Future Homeowner Application Checklist 1. Information Sessions I have attended an information session on this date: ________ I have not attended a session and need to make alternate arrangements. Please call me. 2. Complete an Application I have completed the application. 3. Attach Required Documents to Your Application* Submit all of the following documents that pertain to your situation with your completed application for homeownership. Please do not submit original documents, only copies. Copies of your three (3) most recent signed Federal income tax returns, all pages and schedules Copies of W-2 forms, 1098, 1099 or other source documentation for the most recent two tax years A copy of your 5 most recent consecutive paystubs for all adult household members (18 or older) who are working or a statement confirming no income Written proof of any other sources of income: child support, alimony, Social Security, disability payments etc. If you receive child support or alimony/palimony please include a copy of the fully executed (court stamped) court order or the separation agreement and divorce decree Copies of your last three (3) bank statements on bank letterhead including savings and checking accounts Documentation of all assets over $1,000 in value – cars, land, businesses, investment accounts, collectibles, etc. I am submitting my application and all required documents for your consideration. I attest that these documents are true and complete. Name: ___________________________ Signature: ___________________________ * Please note additional documents may be requested by the application reviewer as needed to verify credit and income. If selected, applicants will need to provide proof of identity and may need to provide proof of citizenship or permanent residency for at least one household member if required by the mortgage lender. AN EQUAL OPPORTUNITY HOUSING LENDER Pioneer Valley Habitat for Humanity | PO Box 60642, 140 Pine Street, Florence, MA 01062 413-586-5430 | www.pvhabitat.org Attachment B: INCOME GUIDELINES FY19 West Pelham Rd Shutesbury, MA Family Size shall not exceed state sanitary code requirements for occupancy of a unit Minimum income required is $30,000 Maximum income is 60% of the area median income adjusted for family size. Area median income calculations are from HUD https://www.huduser.gov/portal/datasets/il/il2019/2019summary.odn Family Size Minimum Income Maximum Income 1 person $30,000 $37,275 2 people $30,000 $42,600 3 people $30,000 $47,925 4 people $30,000 $53,213 5 people $30,000 $57,488 6 people $30,000 $61,763 Burts Meadow “Just Big Enough” Project Burts Pit Rd Northampton, MA Pioneer Valley Habitat for Humanity will be building three zero net energy possible homes on Burts Pit Rd in Northampton. The homes are in a suburban/rural area of Northampton. It is not easily accessible by public transit, but is just a few miles from downtown by car. The homes will be clustered on a shared driveway but have their own small private yards. The Habitat homes at Burts Meadow include a one-bedroom (~800 sq ft), two-bedroom (~900 sq ft) and three-bedroom (~1,000 sq ft) home. These small homes are designed by an award-winning local architect to maximize the small space. The homes will all be built to ENERGY STAR standards, have solar panels and will be heated with an Air Source Heat Pump. Outdoor storage in a detached shed will be provided. The home will be built on a slab – so there will be no basement storage. There will also be no attic storage since the attic will be reserved for insulation. Washer/dryer hookups and an option for a dishwasher will be provided. All three homes are one story and easily adaptable for someone in a wheelchair. Disabled persons are entitled to request a reasonable accommodation. Stormwater management will be shared with the other neighboring houses being built by other developers. 1 Excerpt of draft site plan by Berkshire Design Group Housing Need One requirement for eligibility for a Habitat Home is the family’s lack of adequate housing and/or the inability to access adequate housing through conventional means. Housing need may be identified as: substandard housing (not meeting sanitary or building codes), overcrowding where you live now, paying more than 35% of your income on housing, homelessness or the inability to get a conventional mortgage loan. In addition applicants must have assets less than $75,000 and be a first time home buyer (exceptions apply, please ask). Ability to Pay You must meet minimum income requirements to be eligible for the home you are applying for and have the ability to qualify for an affordable mortgage. As part of the application process Habitat will review your income and debt and pre- qualify you for a loan from Habitat. We may also require after you are selected for you to apply for a mortgage from the USDA or a local bank willing to offer an affordable mortgage option. Willingness to Partner Pioneer Valley Habitat for Humanity believes in providing “a hand up, not a hand out” and part of this is our requirement that all partner families contribute to building their home with “sweat equity”. Sweat equity is work and time a partner family puts into creating their own home and the homes of other partner families, and into helping Habitat. Sweat equity provides an opportunity to learn new skills, connect with volunteers and learn how the partner family’s house will be constructed. Households with 1 adult must do at least 250 hours of sweat equity. Households with 2 or more adults must do at least 500 hours. Modifications to sweat equity requirements will be made by for applicants with disabilities. Permanently Affordable Pioneer Valley Habitat for Humanity and many local community members are investing in helping you achieve the dream of homeownership. This investment is protected with a deed restriction so that the home you buy will be permanently affordable. When you want to move the price you can sell your home for will be limited to what is affordable to a person earning 80% of the Area Median Income. When you purchase a home from Habitat you must remember: • You must occupy the home as your primary residence • You must obtain consent from the Department of Housing and Community Development (DHCD), the town and Pioneer Valley Habitat for Humanity (the monitoring agents) before renting, refinancing or granting any other mortgage, or making any capital improvements to your home • You must give written notice to the Monitoring Agents when you decide to sell your property • Your property may not be transferred into a trust Before you agree to be a Habitat homeowner, you will need to sign a disclosure statement saying that you understand the resale restrictions on your home. Please ask us if you would like to see this disclosure statement or a copy of the deed rider. Investments from the Community Pioneer Valley Habitat for Humanity sometimes gets grants to help pay for the construction of your home. These grants may have additional requirements such as tracking energy use or a requirement that the home be sold only to income eligible households. We will inform you before closing of any funding restrictions. Page 1 of 19 Family Selection Manual, approved 10/22/19 Family Selection Committee Manual Approved at 10/22/19 board meeting Pioneer Valley Habitat for Humanity will not discriminate in the selection of applicants on the basis of race, color, national origin, disability, age, ancestry, children, familial status, genetic information, marital status, public assistance recipiency, religion, sex, sexual orientation, gender identity, veteran/military status, or any other basis prohibited by law. Page 2 of 19 Family Selection Manual, approved 10/22/19 Contents Introduction .............................................................................................................................................................. 3 Mission of Habitat for Humanity ............................................................................................................................. 3 Family Selection Committee ................................................................................................................................... 3 Family Selection Manual ........................................................................................................................................... 4 1.0 Partnership ........................................................................................................................................................ 5 2.0 Homeowner Files .............................................................................................................................................. 6 3.0 Application Process ........................................................................................................................................... 6 4.0 Family Selection ................................................................................................................................................ 7 4.1 Eligibility Requirements..................................................................................................................................... 7 Housing Need ............................................................................................................................................................ 8 Ability to Pay .............................................................................................................................................................. 9 Willingness to Partner ............................................................................................................................................. 10 Conflict of Interest ................................................................................................................................................... 11 4.2 Legal Issues ...................................................................................................................................................... 11 4.3 Other Issues ............................................................................................................................................... 12 Residency Status ...................................................................................................................................................... 12 Sex Offender Registry and Criminal Records Check ................................................................................................ 13 Judgments & Liens ................................................................................................................................................... 13 Bankruptcy............................................................................................................................................................... 13 Foreclosure .............................................................................................................................................................. 13 Marital Status of Applicants .................................................................................................................................... 14 5. Family Selection Committee ............................................................................................................................... 14 Family Selection Procedures ................................................................................................................................. 15 Application Policies................................................................................................................................................ 16 Final Certification of Applicants ............................................................................................................................ 17 This formally ends the Family Selection process. .................................................................................................. 18 Supporting Materials .............................................................................................................................................. 19 o Affirmative Fair Housing Marketing Plan Approved by DHCD ............................................................................. 19 o Application Package .......................................................................................................................................... 19 o FHLB Income Calculation Guidelines .................................................................................................................. 19 o Sample letters and notices ................................................................................................................................ 19 Page 3 of 19 Family Selection Manual, approved 10/22/19 Introduction Mission of Habitat for Humanity Pioneer Valley Habitat for Humanity (PVHH) builds homes, hope, and community in Franklin and Hampshire Counties. PVHH is a housing ministry dedicated to strengthening communities by empowering low-income families to change their lives and the lives of future generations through homeownership opportunities. This is accomplished by working in partnership with diverse people, from all walks of life, to build simple, affordable housing. Habitat’s mission to provide homeownership opportunities to low-income families is unique as it requires partner families to work alongside the community that is reaching out to help them. Each Habitat partner family provides the minimum number of required hours of “sweat equity,” or physical labor, toward the construction of their own home, other Habitat family homes, and special projects, as noted in PVHH’s Sweat Equity Guidelines. Family Selection Committee The Family Selection Committee is a fundamental team which supports Pioneer Valley Habitat for Humanity’s success. Our Family Selection Committee is made up of volunteers who work directly with PVHH’s staff and Board of Directors. This team is responsible for managing the pace and process of family selection. The Family Selection Committee is sensitive to the issues facing applicant families, including the devastating effects of poverty. PVHH embraces people from all walks of life and extends hope to people who have lost hope. The Family Selection Committee is often the prospective homeowners’ first contact with PVHH, and the selection process can open the door to a positive, trusting relationship between community members and their local affiliate. The Board of Directors (BOD), which is ultimately responsible for overseeing all of the affiliate’s work, is responsible for adopting the family selection criteria and process. The Family Selection Committee reports to PVHH’s Board of Directors. The committee is responsible for recommending families for selection based on the board-approved selection criteria and process. The committee should also conduct annual reviews of the selection criteria and selection process and advise the board on any needed changes. Furthermore, the affiliate income guidelines must be updated annually based on U.S. Department of Housing and Urban Development (HUD) Page 4 of 19 Family Selection Manual, approved 10/22/19 income guidelines for the area. The board and committee should assess the community’s need for housing. Conducting needs assessments helps the committee most effectively apply the criteria and also educate the public, making decent housing a matter of conscience. In fulfilling its various fiduciary duties, the PVHH Board of Directors must be confident that the Family Selection Committee is following practices and procedures spelled out in detail in the following sections of the Family Selection Committee Manual. These practices and procedures have been developed to be in compliance with: • Gramm-Leach-Billey Act • Massachusetts General laws Chapter 40, section B • Fair Credit Reporting Act • Equal Credit Opportunity Act • Real Estate Settlement Act • Bank Secrecy Act/Anti-Money Laundering Act • Fair Lending Laws • Fair Housing Act • Federal Home Loan Bank regulations and requirements At a minimum, the Board of Directors should require a written summary that documents the family selection process and how each candidate’s application was reviewed in a fair and objective manner in accordance with this policy and federal/state requirements. All Family Selection Committee members must abide by the current policies and procedures as described below in the Family Selection Manual, provided however that nothing in this policy should be implemented if it is found at a later date to be in conflict with local, state or federal law. Selection should be completed in compliance with the law and the policy updated as needed. Family Selection Manual This Family Selection Manual serves to explain how Pioneer Valley Habitat for Humanity (PVHH) selects qualified applicant families to receive Habitat Homes. The Manual is organized to support a positive, structured, organized and well-documented homeowner selection process. Page 5 of 19 Family Selection Manual, approved 10/22/19 1.0 Partnership Successful partnerships are built upon honesty, trust, mutual respect, and a cooperative, willing attitude. A successful partnership between PVHH and Partner Families also requires meaningful communication and an acknowledgement of the rights and responsibilities of each partner. The responsibilities of the Partner Family include: • Accepting and signing of an “Invitation to Partner” which outlines the mutual understanding of both parties regarding the terms of the partnership. • Completing Sweat Equity requirements, with emphasis on spending at least 100 hours building their own homes. • Providing PVHH with an accurate and complete application, and meet income guidelines as set forth by PVHH. • Meeting PVHH’s criteria for Housing Need. • Keeping PVHH Family Services informed of any changes in economic circumstances, including periodic updates as requested by PVHH. The responsibilities of PVHH include: • Ensuring that houses are built in compliance with appropriate building codes and inspected by municipal building inspectors throughout the construction process. • Being good stewards of donated time, materials and volunteer labor in order to keep the price of homes affordable. • Ensuring that the mortgage is appropriate for the property and that the family selection criteria include evaluation of the applicant’s ability to meet those mortgage requirements. • Responding promptly to Partner Family’s questions and concerns. After the sale of the home to the partner family, the Partner Family shall: • Make timely mortgage and escrow payments. • Maintain the home and property upon which it is built. • Continue to support PVHH’s mission to build homes for more families in need. After the sale of the home to the partner family, PVHH shall: Page 6 of 19 Family Selection Manual, approved 10/22/19 • Provide support for the Partner Family by a Family Support Mentor for the first year. 2.0 Homeowner Files PVHH maintains files for homebuyer applicants and selected partner families. Denied homeowner applications will be kept for 25 months, per Habitat for Humanity International policy. After 25 months, denied applicant files are destroyed. If an applicant family is interested in collecting any original documentation, they must make arrangements with the Executive Director to collect the documentation by the given term or it will be destroyed with the rest of the file. No original documentation will be mailed. All conversations with partner families with regard to applications and family selection should be documented in writing and placed in the family file. 3.0 Application Process PVHH will only accept applications when looking for partners for a parcel of land on which it intends to begin construction on within a year. The family selection committee will advertise widely and provide multiple opportunities for potential partners to attend information sessions and pick up applications. Attendance at an information session is not required to receive an application, but if the applicant is unable to attend they should make alternative arrangements to learn about Habitat and the application process. At least 50% of information sessions will be held in a handicap accessible location. Advertisements will include the application deadline. All applications must be received by the deadline to be considered. The application process will not be considered complete until: • The applicant has attended a potential partner family information session or equivalent (alternative arrangements can be made to accommodate a disability or translation need) • The paper application is complete • All required information to analyze creditworthiness of applicants is received • A home visit has been completed • The board of directors has affirmed the work of the selection committee • A lottery has been conducted • The homeowner signs a partnership agreement Page 7 of 19 Family Selection Manual, approved 10/22/19 • Sweat equity has been completed • A final re-certification of ability to pay is completed prior to closing All applicants that have been deemed eligible by the family selection committee and confirmed by a vote of the board as eligible program participants will be entered into a lottery. The lottery is to be conducted according to Massachusetts Department of Housing and Community Development Guidelines for Comprehensive Permit projects. Household size/bedroom size: There will be a preference system within the lottery process for households that will utilize all bedrooms of their home, with at least one person to bedroom, with couples presumed to share a bedroom unless medical documentation is presented to demonstrate a true need for separate bedrooms. If there is no household of number/ composition to fill all bedrooms, the earliest selection in the lottery of the size household that would fill all but one, will be given the opportunity to select a larger house size, and so on. Households that exceed the size allowed by the state sanitary code for the home to be built will not be eligible for entry into the lottery. A "household" shall mean one or more persons who will live regularly in the unit as their principal residence and who are related by blood, marriage, law or who have otherwise evidenced a stable inter-dependent relationship, or an individual. After the lottery one partner family household for each unit will be asked to proceed through the rest of the process to sign a partnership agreement and partner with PVHH. All final determinations regarding the selection or denial of Partner Families will be voted by the PVHH Board of Directors. 4.0 Family Selection 4.1 Eligibility Requirements Applicants must demonstrate eligibility for all 4 of the following criteria in order to be entered into a lottery for housing: a. Housing need b. Ability to pay for the home c. Willingness to partner d. Meets MA Department of Housing and Community Development (DHCD) eligibility criteria, cannot own a home including in trust Page 8 of 19 Family Selection Manual, approved 10/22/19 Housing Need One requirement for eligibility for a Habitat Home is the family’s lack of adequate housing and/or the inability to access adequate housing through conventional means. This is identified by one of the following: • Substandard conditions in current housing which are identified as not meeting Massachusetts Sanitary Code or Building Code as determined by local Housing Inspector, Board of Health report or a designated representative from the PVHH building committee • Overcrowding - determined by number of persons, their ages, and gender. If there is no overcrowding then the following should be true: o Parents have a separate bedroom from other family members. o Dependent adults have a separate bedroom. o Female and male children do not share a bedroom. o If same-gender children share a bedroom the age difference is not more than five years. o A family member with special needs might need a separate bedroom. o Each family member will be able to sleep in a bedroom. o The family is not expected to outgrow the house within a year. • Cost-burdened (cost of rent plus utilities - excluding phone – is greater than 35% of family’s monthly income) • Homelessness (living with friends or relatives or in temporary housing) • Applicant has been denied a government or conventional loan for the median house price in the area or can be assumed to be ineligible due to standard underwriting criteria And: Household income is not more than 60% of the area median income (AMI). The board may restrict household income to be less than 50% or up to 80% AMI for specific projects. And: Household assets are not greater than $75,000 And: Home buyer(s) are first time home buyers according to the definition in 42 U.S.C. § 12704(14) Page 9 of 19 Family Selection Manual, approved 10/22/19 Income Income from all adults in the household must be included when calculating income. If household composition changes the applicant must inform the selection committee. If there is a new household member who will be a borrower, the selection committee will include the income of the new household members in the final verification before closing of ability to pay. An applicant cannot be deselected for an improvement in financial position or change in household composition unless it affects their ability to pay or if their household income would exceed 80% of the Area Median Income when required by the Department of Housing and Community Development. First Time Homebuyer definition (14) The term “first-time homebuyer” means an individual and his or her spouse who have not owned a home during the 3-year period prior to purchase of a home with assistance under subchapter II, except that— (A) any individual who is a displaced homemaker may not be excluded from consideration as a first-time homebuyer under this paragraph on the basis that the individual, while a homemaker, owned a home with his or her spouse or resided in a home owned by the spouse; (B) any individual who is a single parent may not be excluded from consideration as a first-time homebuyer under this paragraph on the basis that the individual, while married, owned a home with his or her spouse or resided in a home owned by the spouse; and (C) an individual shall not be excluded from consideration as a first-time homebuyer under this paragraph on the basis that the individual owns or owned, as a principal residence during such 3-year period, a dwelling unit whose structure is— (i) not permanently affixed to a permanent foundation in accordance with local or other applicable regulations, or (ii) not in compliance with State, local, or model building codes, or other applicable codes, and cannot be brought into compliance with such codes for less than the cost of constructing a permanent structure. Ability to Pay The PVHH Family Selection Committee will review all applications to determine whether they satisfy standard “Ability to Pay” requirements. These ability to repay requirements include but are not limited to: • An estimated monthly housing cost (principal, interest, taxes, insurance and condo or HOA fees if applicable) of 28% or less of the applicant’s gross income after purchasing a Page 10 of 19 Family Selection Manual, approved 10/22/19 home from PVHH as calculated by PVHH based on estimates of the construction costs approved by the building committee and a maximum mortgage term of 30 years • A debt to income ratio of 40% or less (ratio = total monthly debt payments divided by gross monthly income) • A minimum income set by the board for a specific project or at least 30% of the Area Median Income (AMI) • The ability to make a down payment of at least $700 to be paid in monthly installments of $100 after the partner family is selected PVHH will follow guidelines for income calculation as required by major funders or relevant government agencies. For example, PVHH has received funding from the Federal Home Loan Bank of Boston for several projects and followed their published income calculation guidelines. Calculation methods will be applied consistently and fairly for all applicants in each selection cycle. Income and asset guidelines from HUD or Appendix Q may be used for greater clarity when needed. Willingness to Partner The third criteria to consider in the family selection process are the family’s willingness to meaningfully participate as a partner with PVHH. Examples of objective criteria for assessing willingness to partner include, but are not limited to, the following: • The family agrees to pay the mortgage regularly and on time after purchase. • The family is willing to complete PVHH Sweat Equity requirements in a timely manner. • The family is willing to work with a family mentor during construction and for one year afterwards. • The family is willing to move into the offered home. • The family agrees to notify the affiliate of any change in household size or composition. • The family agrees to notify the affiliate of any changes in economic circumstances. • The family agrees to promptly notify the affiliate of any changes in contact information. • The family agrees to maintain the home and property after purchase. Page 11 of 19 Family Selection Manual, approved 10/22/19 • The family agrees to complete a first time homeowners course before purchase. Conflict of Interest In addition, Individuals who have a financial interest in the offered home and their families shall not be eligible. Current Pioneer Valley Habitat for Humanity staff and members of the board of directors are not eligible to apply. Habitat volunteers, former staff, and temporary staff (such as interns) employed for less than 4 months are eligible to apply for a home. 4.2 Legal Issues PVHH must operate in accordance with the Fair Housing Act (FHA), the Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Real Estate Settlement Procedures Act (RESPA), and the Americans with Disabilities Act (ADA). The FHA makes it unlawful to discriminate against any person in the sale, rental, advertising, or financing of housing on the basis of race, color, religion, sex, handicap, familial status, or national origin. The ECOA makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex or marital status, age (provided the applicant is old enough to enter into a contract), source of income (such as public assistance) or because the applicant has in good faith exercised any right under the federal consumer credit laws. The ECOA defines a creditor as a person who, in the ordinary course of business, regularly participates in the decision of whether or not to extend credit. Our affiliate does this when our board reviews the Family Selection Committee’s recommendations. The affiliate is also a creditor because it makes loans to the families who become PVHH homebuyers. Requests for more information/notice of incomplete application must be sent within 30 days. The ECOA and FCRA consider an application to be complete when all information is received. According to RESPA and TIL an application is not officially completed until PVHH has received the borrower’s name; borrower’s monthly income; borrower’s SSN; property address; estimated of value of property; and loan amount. PVHH does not calculate the final purchase price till construction is complete or near completion. The ECOA states that creditors must notify applicants within 3 business days of receiving completed applications that they have right to receive a copy of all written appraisals developed in connection with the application. This includes any estimate of the dwelling’s value, not just formal appraisal. This information must be provided upon completion or three business days before consummation, whichever is earlier. Consumer may waive deadlines, but has to be given Page 12 of 19 Family Selection Manual, approved 10/22/19 before consummation. Creditor may charge reasonable fee for cost of valuation but not for copying, postage, etc. Appraisal has to be provided regardless of whether credit is extended or denied or application is incomplete or even withdrawn. The ADA prohibits discrimination based on physical disability- these regulations apply to housing eligibility as well. 4.3 Other Issues Residency Status Pioneer Valley Habitat for Humanity has a “no inquiry” status regarding immigration status of applicants, unless there is a specific requirement from a third-party lender such as the USDA Rural Development 502 Mortgage program. Without limiting the application of the eligibility requirements set out in the paragraph above, a person may be named as a grantee on the deed for a PVHH home who is not a Permanent Resident. Every person whose name appears on the deed for a PVHH home must also sign the applicable promissory notes and mortgages for that home no matter what their legal or marital status may be. If required by a third-party lender, individuals must provide documented proof of a status sufficient to demonstrate they are able to meet the requirements to be deemed a Permanent Resident or Citizen by that lender. Acceptable documentation includes, but is not limited to, one or more of the following types of documents for each person. Additionally, each application must have at least one form of photo identification with a recent photo. Applicants may choose from the following forms of identification: • Social Security card • Valid U.S. Passport • Certified Copy of Birth Certificate • U.S. Alien Registration Card or Permanent Certificate of Naturalization • Resident card (“Green Card”) • Certificate of U.S. Citizenship • Native American Tribal Document • U.S. Military card or draft record • Voter’s registration card Page 13 of 19 Family Selection Manual, approved 10/22/19 • Any other document that is acceptable for the Employment Eligibility Verification (Form I-9). Sex Offender Registry and Criminal Records Check PVHH completes a sex offender registry check for all members of a potential partner family who will be recommended by the family selection committee to the board. Please see PVHH’s board approved sex offender registry check policy for information on the process of completing these checks. At this time PVHH does not have a Criminal Records Check policy, but if one is adopted it may include completing a check before a partner family receives an invitation to partner. PVHH has sole discretion to disqualify an applicant from homeownership based on a sex offender registry finding or criminal record check. Judgments & Liens Partner families cannot be currently encumbered by judgements or liens at the time of application or closing. If they are finishing payments on a medical lien, the candidate file can be revised for any other debt and previous credit history before a final decision can be determined. After a PF is selected and before the Partner Family completes the purchase of their new home, PVHH staff will check again for judgments and liens 45 days prior to closing. If a Partner Family has acquired a judgment or lien, the closing will be postponed for 90 days and the Partner Family will be referred to credit counseling. If the homeowner cannot clear the judgement or lien in 60 days, the home will be offered to another family and the PF will be invited to reapply in the future after all judgements or liens have been cleared. Bankruptcy In General, applicants must wait two years after a bankruptcy and show good credit in the time since the bankruptcy is discharged. This time period may be waived if the bankruptcy was due to extraordinary circumstances beyond the family’s control (e.g. death, serious illness, fire, natural disaster, etc.). Foreclosure In General, applicants must wait two years after a foreclosure and show good rental history in the time since the foreclosure is discharged. This time period may be waived if the foreclosure was due to extraordinary circumstances beyond the family’s control (e.g. death, divorce, serious illness, fire, natural disaster, etc.). The applicant also needs to submit a letter of explanation with supporting documentation, outlining the reason it happened that is signed and dated by Page 14 of 19 Family Selection Manual, approved 10/22/19 the applicant. If the foreclosure was with a previous Habitat affiliate, their application cannot be accepted, as they are considered a financial risk. Marital Status of Applicants PVHH does not discriminate in its selection process on the basis of marital status. However, there are legal issues which make information regarding the marital status of applicants relevant to the application process. Spouses of applicants must submit all their information to determine income eligibility or an affidavit detailing why that information is not available. The state of Massachusetts does not recognize legal separation. However, PVHH must be able to safeguard its security interest in the homes it sells. Therefore, Applicants must submit an affidavit explaining their inability to provide documentation for their lawful spouse. The affidavit must state: •That the absent spouse will not reside in the house if they are ultimately selected to partner with PVHH. •That the absent spouse will have no legal interest in any house purchased by them from PVHH. •That they agree to notify PVHH in the event that the spouse moves into the home subsequent to closing. •That they understand failure to so notify PVHH could result in the termination of their right to remain in the home. Any Selected Family who is married but separated must sign the above affidavit prior to beginning to work sweat equity. An Applicant who is found to have provided materially false information about his or her marital status at any point either prior to or after selection shall be subject to de-selection even if the home is completed. 5. Family Selection Committee The Family Selection Committee (FSC) is composed of members who are residents of the Pioneer Valley and are appointed by the PVHH Executive Director or Committee Chair. All Page 15 of 19 Family Selection Manual, approved 10/22/19 committee members who will visit homes or review financial information must pass a CORI check according to PVHH policy. The FSC will: • Assign team members roles to aid in the Family Selection Process • Meet at least quarterly with meetings cancelled or added as necessary • Conduct a unified review process of each application • Visit the homes of applicants for the purpose of determining the applicant’s suitability for the PVHH’s homeownership program Family Selection Procedures 1. The Application Reviewers during an application cycle will review applications received at the office at least once a week to determine if enough information has been submitted to forward the application to the Credit Reviewer and notify PVHH staff of the need for a credit check. 2. The Credit Reviewer will re-affirm that the income of the applicant is above the minimum required and below the maximum. If income eligible, the credit reviewer will evaluate the creditworthiness of the applicant. 3. The Family Selection Committee will meet at least monthly during a selection cycle to review the status of applications, assign home visitors and determine lottery eligibility. At least two committee members should attend each home visit. 4. The Family Selection committee will make a recommendation to the board of all applicants that meet the eligibility requirements of: willingness to partner, housing need and ability to pay. 5. The board will review a summary report for each applicant the committee considers eligible and will affirm their eligibility for the lottery, request additional information or deny an applicant. The summary report the board reviews will only refer to applicants by a unique identifying number and not their name. If the board determines an applicant ineligible they must provide the committee with the specific reason for the denial. 6. When the application deadline has passed and all applicants have been given a reasonable time period to complete their applications a lottery will be conducted by the Family Selection Committee in accordance with DCHD guidelines. The committee chair or co-chairs will facilitate the lottery. 7. Denial at any point in the process results in a letter informing the family of the denial, the reason(s) for the denial, and includes suggestions for remediation and other possible Page 16 of 19 Family Selection Manual, approved 10/22/19 housing options, along with an invitation to re-apply once any problem issues have been remedied. 8. Selected families will receive a call to inform them of their acceptance, followed by a letter giving the date of acceptance and scheduling of their first meeting with their mentor. Application Policies After the application and all verification forms are signed by all applicants, Family Selection Volunteers must send written request for the information needed to complete the application within 30 days of receiving the application. At this point the application is considered to be incomplete. After the Family Selection Committee receives all requested information, the application for housing is reviewed to determine if basic income guidelines and other criteria requirements are met. If the applicant meets these basic thresholds but lacks some of the information requested on the initial letter or unknown requirements are needed (i.e.. debt payments, unknown addresses were discovered that need to be verified, etc..) a written notice to the applicant specifying the information needed will be sent, designating a reasonable period of time of up to 45 days for the applicant to provide the information, and informing the applicant that failure to provide the information requested will result in no further consideration being given to the applicant. If all information to complete an application is submitted, the application will be presented at the next FSC meeting. The application for housing alone does not contain enough information to determine if a family qualifies for a PVHH home. Additional information may be necessary to evaluate the applicant’s eligibility and if the FSC determines that more information is needed, the applicant has up to 30 days to submit the new information requested. Note: The home visit must be conducted during this evaluating period by the Family Selection Committee. Once the application is complete and/or new information is submitted the committee has 30 days to make a decision, report this decision to the board for review and send a letter of notification to the applicant. An application is complete when the affiliate has received all information it regularly considers in evaluating applications. This will include the information requested during the reviewing period. Page 17 of 19 Family Selection Manual, approved 10/22/19 An applicant that withdraws its application or is deselected after he/she has been approved by our Board of Directors must wait a three year period before they can re-apply. A new complete application and requirements will have to be submitted. Eligibility of an applicant is at the completion of the application. This means an application is not complete until all supporting documentation has been submitted. An interested applicant can submit an application up to five times depending on the previous reasons of denial. If their circumstances have changed for the better and no previous signs of falsifications were suspected then the applicant is eligible to apply. If the applicants were previously suspected of fraud, PVHH is not obligated to accept their application due to the obvious unwillingness to partner. Final Certification of Applicants PVHH will require re-certification of all program participants 45 days prior to closing. At that time all income will be verified and credit will be reviewed to ensure ability to pay. All participants must submit two months of updated paystubs for all adults working and moving into the PVHH house, three months of bank statements for all bank accounts and any proof of payment for any collections pending on their credit or new debt acquired since their application was approved. Any income or credit changes must be communicated to PVHH immediately so that a time period can be granted to the family to correct the change depending on the circumstances. If a partner family no longer meets the ability to pay requirement, they may be disqualified even if the house has been completed. Any changes on credit that affects liens and judgments must be disclosed regardless of them showing or not showing on the credit report. Failure to do so will disqualify the family from the PVHH program even if the house has been completed. A partner family may only be de-selected for the following reasons: • Demonstrated fraud on the application. • Failure to complete requirements set forth in the partnership agreement. • Negative change in financial condition that significantly affects the ability to pay. • Presence on a sex offender database that disqualifies an approved applicant from family homeownership, according to the affiliate’s policy on sex offender registry checks. Page 18 of 19 Family Selection Manual, approved 10/22/19 Partner families will not be de-selected for moderate improvements in their financial situation, but the term of the mortgage may be adjusted to accelerate repayment of the loan. DHCD requires that household income be verified prior to closing be below 80% AMI for projects that will be listed on the State Affordable Housing Inventory. This formally ends the Family Selection process. Page 19 of 19 Family Selection Manual, approved 10/22/19 Supporting Materials Marketing materials, application forms, and other procedural documents will change from time to time, but are collected here for reference. The committee has discretion to update these documents as needed in coordination with PVHH staff. Provided however that, policies from outside entities cannot be changed and materials need to remain in compliance with the policy and the law. In particular, PVHH should always use the HFHI supplied application form without changes, unless a thorough legal review is undertaken. o Affirmative Fair Housing Marketing Plan Approved by DHCD o Sample flyers and press release o Sample outreach and press lists o Application Package o Application cover letter o Application form from HFHI – Spanish & English o List of required documents with application o Income guidelines o Housing Need Handout o PVHH Sweat Equity Policy o LIP Deed Rider Disclosure o DHCD Capital improvement Policy o Form I-9 o FHLB Income Calculation Guidelines o Sample letters and notices o Informational notice o Denial letter o Invitation to Partner Letter and Agreement Federal Home Loan Bank of Boston Affordable Housing and Equity Builder Program Income Calculation Guidelines I. Introduction: The Federal Home Loan Bank of Boston (Bank) is using the following guidelines to verify household income and subsequently determine the eligibility of households participating in the Affordable Housing Program (AHP) or Equity Builder Program (EBP). These guidelines are based on the U.S. Department of Housing and Urban Development (HUD) regulation 24 CFR 5.609. The purpose of this income calculation methodology is to accurately and completely measure the household’s total income for the prospective 12 months from the enrollment date (EBP) and/or move-in date or program qualification date (AHP), as they apply. This may differ from your institution’s or organization’s policies and procedures or income calculations. If you have a question on any of the information, or on income not specified in any category below, please contact your Community Investment Manager, the Equity Builder Program Manager, or any member of the Housing and Community Investment staff. I. Introduction Page 1 II. Income Calculation Methodology A. Determination of Household for AHP and EBP B. Income Sources, Calculations and Documentation Requirements 1. Paystubs – W-2 Wage Earners 2. Verification of Employment - FNMA Form 1005 3. Other Verification of Employment 4. Self-employment Income 5. Interest, Dividends, and Other Net Income of Any Kind From Real or Personal Property 6. Rental Income 7. Periodic Income Payments 8. Unemployment and Payments in Lieu of Earnings 9. Housing Assistance 10. Alimony and Child Support 11. All Regular Pay, Special Pay and Allowance of a Member of the Armed Services 12. Other Income/Seasonal Income Page 2 Page 2 Page 3 Page 3 Page 4 Page 6 Page 6 Page 7 Page 7 Page 8 Page 8 Page 8 Page 9 Page 9 Page 10 Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 2 2 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 III. Income to be Excluded Page 10 IV. Certification of Zero Income Page 11 II. Income Calculation Methodology: A. Determination of Household for AHP and EBP A “household” is defined as: 1. All members of the household must be accounted for, including children (even if temporarily absent). 2. Adults refer to household members ages 18 and older. 3. All adults in the household must be listed with income or a “Certification of Zero Income” must be signed and provided. (see section IV) 4. Indicate if a household member is an adult full-time student. 5. For a full-time working student of the household (18 years and older, excluding head of household and spouse), a maximum of $480 of wage income will be included. 6. Unborn children are counted as members of the household for purposes of calculating household income. 7. Co-signers on a mortgage or lease agreement are not considered part of the household if they are not living in the residence. General Instructions for EBP: 1. For each enrollment, include the most recent year signed tax return or IRS tax return transcript for each adult member of the household.  Income sources for the current year should be compared against prior year’s income documentation (i.e. IRS Income Tax Return) for EBP enrollments.  Non-filing adult household members should provide a signed and dated letter of filing status. 2. Prospective refers to the annual time period beginning on the date the member submits the enrollment. 3. The online income calculator in the EBP system must be used. 4. If more than 90 days has elapsed since enrollment, the Bank reserves the right to request more current income documentation prior to disbursement. General Instructions for AHP (Rental and Homeownership): 1. A summary income-calculation coversheet must be used for each household when submitting income documents for review.  This is should include the move-in or date of qualification, unit number, the number of adults, the number of children, the sources of income, and the calculation used to determine prospective annual income.  A summary income-calculation coversheet provided to another funder will, generally, be acceptable, at the sole discretion of the Bank. Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 3 3 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 2. Section 8 housing voucher certifications, public housing authority certifications and/or referrals, or other similar documentation are insufficient as the sole documentation of income. 3. Sponsors, developers, and/or project owners are required to maintain the third- party income documentation for each tenant at the time of move-in (rental) or at the time of homebuyer qualification (homeownership) for review by members and the Bank at any time during development and the affordability retention period. 4. The Bank acknowledges that a sponsor/owner may be using other income calculation methodologies for other funders. The Bank reserves the right, in its sole discretion, to review and determine which methodology is appropriate and reasonable to calculate income-eligibility for the AHP. 5. The Bank reserves the right to request additional documentation, as needed, to confirm eligibility. B. Income Sources, Calculations and Documentation Requirements General Instructions: Include income from all adult members of the household even if only one person is on the application/enrollment, mortgage/note, or lease agreement. If a household member has a job(s), earning a wage through a W2, whether the job is permanent or temporary, full-time or part-time; documentation must be provided either in the form of paystubs or a verification of employment from the employer. All income earned outside of employment must be reported, for all members of the household. Based on the available data and depending on the type of income, the Bank reserves the right to determine which approach is the most reasonable to calculate the prospective total annual household income. Explanations of any unusual income or calculation should be included in a separate document and submitted with the income documentation. 1. Paystub – W-2 Wage Earners: Acceptable Third-Party Documentation: a. Paycheck earnings/deductions statements for at least one current calendar month; dated within 45 days of enrollment for EBP or move in/qualification for AHP. b. The borrower’s name and address, pay-cycle and check dates, along with the employer name, must be clearly identified on the paystub. Income Review: a. (Full unadjusted year to date gross income, i.e., before any payroll deductions) from the most recent paystub will be used to annualize the household member’s portion of the total household income, incorporating all overtime Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 4 4 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 pay, commissions, fees, tips and bonuses, and other compensation. Net income will not be used. b. When a household member experiences a change in employment that occurs after January 1 of the current year, the employer must verify the date of hire. c. A signed and dated verbal verification form (i.e FreddieMac Form 90) is acceptable. Calculation Applied: Verified income will be converted to annual amounts, by the online income calculation system for EBP, or manually, or using an Excel spreadsheet for AHP using the following calculations. Prospective income equals year-to-date gross income divided by the number of actual year-to-date pay periods, based on the check date, multiplied by number of pay periods in a calendar year. For example: Current Year Check Date Actual Pay Checks/Periods YTD Earnings 2014 07/24/2014 30 – weekly 19,857.77 Prospective income: $19,857.77/30 = $661.93 X 52 = $34,420.36 Methods to Determining the Number of Actual Pay Checks/Periods a. EBP method used by the system – Determine length of pay period (weekly, biweekly, etc.). Count actual calendar days from January 1 to check date: 01/01 to 07/24 = 205 days; divide days by pay period: 205/7 = 29.29; always round up to whole number: 30 pay periods. b. Manual Method – Check date is a Thursday. Based on the 2014 calendar, count back the number of Thursdays including the check date, for 30 pay checks. EXCEPTION: If the pay check date is before the period ending date, use the period ending date for the calculation. 2. Verification of Employment (VOE) – FNMA Form 1005: Acceptable Third-Party Documentation: a. 100 percent completed and properly executed by the employer, Fannie Mae Form 1005 (VOE). b. Dated within 45 days of enrollment for EBP or move in/qualification for AHP. c. The effective paid-through date for base wages in the current year must be clearly identified in box 12B. Income Review: To determine the 12-month prospective income, income will be calculated or averaged, using the wages and pay periods identified on the VOE. Income will be adjusted for any expected pay increases during the prospective year. Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 5 5 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 Calculation Applied: To annualize full-time employment income, multiply:  Hourly wages by 2080 hours;  Weekly wages by 52;  Bi-weekly amounts by 26;  Semi-monthly amounts by 24;  Monthly amounts by 12. Base Pay:  If the wage earner works 40 hours per week and the hourly wage rate is expected to increase 2 percent from $18.00/hour to $18.36/hour 35 weeks into the future, the base wage income would be calculated. o For example: ($18.00 X 40 hours X 35 weeks) + ($18.36 X 40 hours X 17 weeks) = $37,684.80 Overtime Pay, Commissions, Fees, Tips and Bonuses, and Income from Other Compensation will be averaged as follows: Note: If data is not available for the two prior years, all available data including year-to-date earnings will be averaged and then annualized for qualifying purposes. i. If overtime, commissions, fees, tips and bonus income documentation is not available for three (3) months or more of the current calendar year, overtime pay, etc. should be averaged using the two prior calendar year earnings, based on the available data, and annualized. ii. Averaging these sources of income must be based on the start date of employment if it was during this calendar year. iii. The current year-to-date overtime income will be averaged, with up to the two prior calendar years overtime income over the actual time period worked based on the available data, and annualized. o For example, if an employee has worked in a position for two and a half years and the overtime, etc. earnings over that period are reported and documented, and then these earnings should be averaged over the two and a half year period based on the available data. iv. For a year when no income was received, but income was realized in previous or subsequent years, the year is recorded as a zero and included in the average. o For example: 2010 = $1,000, 2011 = $0.00 but 2012 = $1,000, the resulting calculation would be $2,000/36 months averaged. v. If Box 14 for bonus income is not completed and left blank, the bonus income will be included in the calculation of total income. Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 6 6 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 vi. If Box 14 for overtime income is not completed and left blank, the overtime income will be included in the income calculation. 3. Verification of Employment (Other types of documentation): All non-Fannie Mae verifications of employment (such as Work Number) will be annualized using the year-to-date gross income. Refer to the Paystubs (item #1of this section B) for details. 4. Self-Employment Income: Household members that report their annual earnings to the IRS through a C schedule, 1099 statement, own a C or S Corporation, or an ownership interest in a partnership, are considered to be self-employed. Acceptable Third-Party Documentation:  Completed signed copies of U.S. Individual Income Tax Returns (i.e., Internal Revenue Service 1040 Forms) and supporting schedules.  Completed signed copies of U.S. Business Income Tax Returns (i.e., Internal Revenue Service 1120 or 1065 Forms) and supporting schedules.  Signed and dated profit and loss statement for the most current calendar year.  Signed and dated letter from the household member(s) certifying the start date for the company or the incorporation date for the corporation/partnership if the date is not provided on the completed tax return. Income Review and Calculation: a. If the YTD P&L will be for a period less than six months of the current calendar year, the income used for that household member will be averaged using the prior three calendar years’ tax returns and then annualized. b. Beginning on July 1 of the current calendar year, when income documentation is available for six months or more, a current year-to-date profit and loss statement (YTD P&L through June 30) must be signed, dated, and averaged with the prior two calendar years’ tax returns over the actual time period. The result will be annualized. c. If the income data is not adequate to meet the two guidelines above because the person has not been self-employed or operated the business for a sufficient period of time, then the income should be averaged and annualized using the data available for the period of time of self-employment or business operation. If the business has only been in operation for two years, then average based on this two-year history and annualize. d. If income documentation evidences an income loss to the household, the income for the effected tax year will be carried as a zero when completing the calculation for averaging. e. An allowance for depreciation of assets used in a business or profession may be deducted, based on straight line depreciation, as provided in Internal Revenue Service regulations. Any withdrawal of cash or assets from the operation of a business or profession will be included in income, except to the Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 7 7 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 extent the withdrawal is a reimbursement of cash or assets invested in the operation. Expenditures for business expansion or amortization of capital indebtedness shall not be used as deductions in determining net income. 5. Interest, Dividends, and Other Net Income of Any Kind from Real or Personal Property: Acceptable Third-Party Documentation: a. Most recent month bank statement or most recent 1099 IRS statement b. Brokerage statements verifying receipt of IRA distributions, annuity payments, insurance payments, etc. c. Brokerage statements verifying stock portfolio earnings, dividends, and other interest income. d. Most recent year tax return or IRS transcript. Income Review and Calculation: a. Interest and dividend income is included in the total household income when the annual amount reflected on the tax returns or financial statements exceed $100 per filing year. b. If the reviewer believes that the impact to the household income is significant, re-occurring, and likely to continue, then the interest/dividend/other income should be included. 6. Rental Income From Multi-Family Units or Other Owned Real Estate: Acceptable Third-Party Documentation: a. Actual leases or current records of rental payments. b. Copy of the completed appraisal report or other documentation of rental income for subject properties that generate rental income. Income Review and Calculation: a. Actual and known rental income must be included in the income calculation if the property is a multi-family property. b. If the full actual rental income is known, then the full rental income must be included, unless the member documents the percentage that was used to qualify the household for underwriting. At a minimum, this cannot be less than 75 percent. c. The rental income may be excluded from the income calculation when the rental income is only potential, expected based on appraised values, and is not actual income. o For example, an income-eligible household is purchasing a two-family property and the appraisal indicates that the market rent is $750 per month but the apartment is vacant and the prospective owner does not have an agreement to lease the unit, this rent is only expected and is not actual and would therefore be excluded from the income calculation. Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 8 8 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 7. Periodic Income Payments: Acceptable Third-Party Documentation: a. Current year Social Security/pension statement/retirement award letter. b. Letters or case management forms from public assistance agencies. c. Approved HUD Section 8 certificates. Income Review: Use the actual current amount/gross amount received from any of the following. Do not gross up.  Social Security (include for minors or other dependents)  Annuities  Insurance policies  Retirement funds  Pensions  Disability  Death benefits  Welfare Assistance  Temporary Aid for Needy Families  Other similar types of period receipts Calculation Applied: Weekly/monthly income received should be annualized by the number of pay periods received; based on likelihood of continuance. 8. Unemployment and Payments in Lieu of Earnings: Acceptable Third-Party Documentation: a. Most recent year state agency documentation. b. Most recent year IRS filing statements. Income Review: Income such as unemployment, disability compensation, workers compensation, and severance pay must be included. Calculation Applied: Weekly/monthly income received should be annualized by the number of pay periods received; based on likelihood of continuance. 9. Housing Assistance: Acceptable Third-Party Documentation: a. Approved HUD Section 8 certificates. b. Letters or case management forms from public assistance agencies. Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 9 9 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 Income Review: a. In the case of homeownership, Section 8 rental assistance should not be counted as income if that assistance will end when the household closes on the purchase of a home. b. If the Section 8 assistance will continue as Section 8 homeownership assistance, the amount of the Section 8 assistance should be shown as income. Calculation Applied: Weekly/monthly income received should be annualized by the number of pay periods received; based on likelihood of continuance. 10. Alimony and Child Support: Acceptable Third-Party Documentation: a. Court orders and/or state agency documentation verifying alimony awards and child support income b. Copies of checks, payment records or most recent 3 months bank statement(s), to verify receipt. Income Review: a. Child support and/or alimony should be counted if received regularly b. Income should be reviewed based on the higher of actual amounts received as compared to court ordered documents; annualized. c. Payments received for amounts in arrears will be included when received regularly and documented for the duration of the arrears payments. d. Lump sum arrear payments should not be included in the income calculation. Calculation Applied: Weekly/monthly income received should be annualized by the number of pay periods received; based on likelihood of continuance. 11. All Regular Pay, Special Pay and Allowances of a Member of the Armed Forces: Does not include special pay to a family serving in the Armed Forces who is exposed to hostile fire. Acceptable Third-Party Documentation: a. Most recent year military earnings statements. b. Most recent year IRS filing statements. Income Review: Income should be reviewed and calculated in the same manner as paystub recipients. Calculation Applied: Weekly/monthly income received should be annualized by the number of pay periods received; based on likelihood of continuance. Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 10 10 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 12. Other Income/Seasonal Income and Calculation: a. Annual wages when paid in less than 12 months: o Annual wages should always reflect a full 12-month income period, regardless of the pay schedule. o For example, if a school teacher earns a gross annual salary of $37,000, the $37,000 should be used as annual salary whether the teacher is paid over only nine months or throughout the year. b. Seasonal earnings or other types of unique income must be included. o For example: if a household member works a second job during peak holiday times, during the summer months or during growing seasons, the income received during this period must be added to the annualized income for that household member. The employer should verify the pay level and the number of weeks that the income was received in prior years along with an estimate for the next 12 months. The calculation will be based on the prospective pay level multiplied by the estimated number of weeks or hours for the next prospective 12 months’ pay period(s). This total amount will be included in the total annualized income for that household member. The income should be compared against prior earning periods as provided by the employer. c. Seasonal and/or other types of unique earnings that are not included in the annualized income for the household require an exception from the Bank. The member will be required to provide an explanation supporting the omission of the income. III. Income to be Excluded: Based on §5.609 of the HUD regulations (24 CFR 5.609), annual income is not to include, but is not limited to, the following: a. Income from the employment of children (including foster children) under the age of 18 years; b. Payments received for the care of foster children, disabled or elderly adults, in the care of an identified household member; o The homebuyer must provide a copy of the contract identifying the terms and conditions of the employment agreement, the amount of wages earned monthly, and any rental income received. o The individual being cared for will not be included in the household count and will not be required to sign or disclose any personal information to the Bank, for income qualifying purposes. o The income will not be included in the household’s total income unless it is received as a rental payment. c. One time, lump sum additions to family assets (e.g., inheritances, capital gains, insurance policy death benefit payments, settlement for personal/property losses, medical expense reimbursements); d. Income of a live-in aide; Affordable Housing and Equity Builder Program Income Calculation Guidelines Page 11 11 Income Calculation Guidelines Revised date 03/10/2015 Effective date: 03/23/2015 e. Educational scholarships paid directly to a student, educational institution, or a veteran; f. Earned income tax credits; g. Unreliable and non-recurring income (e.g., gifts, employee stock option buyouts, etc.) As indicated earlier, overtime pay, commissions, fees, tips and bonuses do not constitute unreliable and non-recurring income as defined here; h. The value of food stamp allotments (per §913.106 of the HUD regulations); i. Earnings in excess of $480 for each full-time student 18 years old or older (excluding the head of the household or spouse); and j. Do not include special pay for Armed Forces exposed to hostile fire. IV. Certification of Zero Income: All adult household members, who will reside in the property, but are not working or do not receive any income from any sources, will need to execute a Certificate of Zero Income form. HUD Occupancy Handbook 6/07 Exhibit 5-2 4350.3 REV-1 Exhibit 5-2: Assets NOTE: There is no asset limitation for participation in HUD assisted-housing programs. However, the definition of annual income includes net income from family assets. A. Net Family Assets include the following: 1. Cash held in savings and checking accounts, safe deposit boxes, homes, etc. For savings accounts, use the current balance. For checking accounts, use the average balance for the last six months. Assets held in foreign countries are considered assets. 2. Revocable trusts. Include the cash value of any revocable trust available to the family. See discussion of trusts in paragraph 5-7 G.1. 3. Equity in rental property or other capital investments. Include the current fair market value less (a) any unpaid balance on any loans secured by the property and (b) reasonable costs that would be incurred in selling the asset (e.g., penalties, broker fees, etc.). NOTE: If the person’s main business is real estate, then count any income as business income under paragraph 5-6 G of the chapter. Do not count it both as an asset and business income. 4. Stocks, bonds, Treasury bills, certificates of deposit, mutual funds, and money market accounts. Interest or dividends earned are counted as income from assets even when the earnings are reinvested. The value of stocks and other assets vary from one day to another. The value of the asset may go up or down the day before or after rent is calculated and multiple times during the year thereafter. The owner may assess the value of these assets at any time after the authorization for the release of information has been received. The tenant may request an interim recertification at any time thereafter that a decrease in stock value may result in a decrease in rent. 5. Individual retirement, 401K, and Keogh accounts. These are included when the holder has access to the funds, even though a penalty may be assessed. If the individual is making occasional withdrawals from the account, determine the amount of the asset by using the average balance for the previous six months. (Do not count withdrawals as income.) Example – Withdrawals from a Keogh Account Ly Pham has a Keogh account valued at $30,000. When she turns 70 years old, she begins drawing $2,000 a year. Continue to count the account as an asset. Use the guidance in paragraph 5-7 to determine the cash value and imputed income from the asset. Do not count the $2,000 she withdraws as income. 6/07 HUD Occupancy Handbook Exhibit 5-2 4350.3 REV-1 6. Retirement and pension funds. a. While the person is employed. Include only amounts the family can withdraw without retiring or terminating employment. Count the whole amount less any penalties or transaction costs. Follow paragraph 5-7 G.4 of the chapter on determining the value of assets. b. At retirement, termination of employment, or withdrawal. Periodic receipts from pension and retirement funds are counted as income. Lump-sum receipts from pension and retirement funds are counted as assets. Count the amount as an asset or as income, as provided below. (1) If benefits will be received in a lump sum, include the lump- sum receipt in net family assets. (2) If benefits will be received through periodic payments, include the benefits in annual income. Do not count any remaining amounts in the account as an asset. (3) If the individual initially receives a lump-sum benefit followed by periodic payments, count the lump-sum benefit as an asset as provided in the example below and treat the periodic payment as income. In subsequent years, count only the periodic payment as income. Do not count the remaining amount as an asset. NOTE: This paragraph and the example below assume that the lump-sum receipt is a one-time receipt and that it does not represent delayed periodic payments. However, in situations in which a lump-sum payment does represent delayed periodic payments, then the amount would be considered as income and not an asset. Example – Retirement Benefits as Lump-Sum and Periodic Payments Upon retirement, Eleanor Reilly received a lump-sum payment of $15,000. She will also receive periodic pension payments of $350 a month. The lump-sum amount of $15,000 is generally treated as an asset. In this instance, however, Eleanor spent $5,000 of the lump sum on a trip following her retirement. The remaining $10,000 she placed in her mutual fund with other savings. The entire mutual fund will be counted as an asset. The owner has verified that Eleanor is now not able to withdraw the balance from her pension. Therefore, the owner will count the $350 monthly pension payment as annual income and will not list the pension account as an asset. HUD Occupancy Handbook 6/07 Exhibit 5-2 4350.3 REV-1 7. Cash value of life insurance policies available to the individual before death (e.g., the surrender value of a whole life policy or a universal life policy). It would not include a value for term insurance, which has no cash value to the individual before death. 8. Personal property held as an investment. Include gems, jewelry, coin collections, or antique cars held as an investment. Personal jewelry is NOT considered an asset. 9. Lump-sum receipts or one-time receipts. (See paragraph 5-6 **P** for additional information on what is counted as a lump-sum receipt and how to treat lump-sum receipts.) These include inheritances, capital gains, one-time lottery winnings, victim's restitution, settlements on insurance claims (including health and accident insurance, worker's compensation, and personal or property losses), and any other amounts that are not intended as periodic payments. 10. A mortgage or deed of trust held by an applicant. a. Payments on this type of asset are often received as one combined payment of principal and interest with the interest portion counted as income from the asset. b. This combined figure needs to be separated into the principal and interest portions of the payment. (This can be done by referring to an amortization schedule that relates to the specific term and interest rate of the mortgage.) c. To count the actual income for this asset, use the interest portion due, based on the amortization schedule, for the 12-month period following the certification. d. To count the imputed income for this asset, determine the asset value **as of the effective date of the certification**. Since this amount will continually be reduced by the principal portion paid during the previous year, the owner will have to determine this amount at each annual recertification. See the following example: Example – Deed of Trust and Imputed Income Computation of imputed income: An elderly tenant sells her home and holds the mortgage for the buyer. The cash value of the mortgage is $60,000. The combined payment of principal and interest expected to be received for the upcoming year is $5,000. The amortization schedule breaks that payment into $2,000 in principal and $3,000 in interest. In completing the asset income calculation, the cash value of the asset is $60,000, and the projected annual income from that asset is $3,000. **The imputed income would be calculated by multiplying the cash value of $60,000 by the 2% imputed passbook rate.** Each subsequent year, the cash value of the asset should be reduced by the principal portion paid. In this example, it would be reduced to $58,000 in the following year ($60,000 – $2,000 principal payment = $58,000). **When calculating the imputed income for the following year, the owner would multiply the cash value of $58,000 by the 2% passbook savings rate.** 6/07 HUD Occupancy Handbook Exhibit 5-2 4350.3 REV-1 Regulatory References (These references are current as of the date of publication. Readers should refer to the latest edition of the Code of Federal Regulations.) 24 CFR part 5.603 defines net family assets as follows: Net cash value after deducting reasonable costs that would be incurred in disposing of real property, savings, stocks, bonds, and other forms of capital investment, excluding interests in Indian trust land and the equity accounts in HUD homeownership programs. The value of necessary items of personal property such as furniture and automobiles shall be excluded. . . . . In determining net family assets, owners shall include the value of any business or family assets disposed of by an applicant or tenant for less than fair market value (including a disposition in trust, but not in a foreclosure or bankruptcy sale) during the two years preceding the date of application for the program or recertification, as applicable, in excess of the consideration received therefor. In the case of a disposition as part of a separation or divorce settlement, the disposition will not be considered to be for less than fair market value if the applicant or tenant receives important consideration not measurable in dollar terms. B. Net family assets DO NOT include the following: IMPORTANT: The owner does not compute income from any assets in this paragraph. 1. Personal property (clothing, furniture, cars, wedding ring, other jewelry that is not held as an investment, vehicles specially equipped for persons with disabilities). 2. Interests in Indian trust land. 3. Term life insurance policies (i.e., where there is no cash value). 4. Equity in the cooperative unit in which the family lives. 5. Assets that are part of an active business. "Business" does NOT include rental of properties that are held as investments unless such properties are the applicant’s or tenant’s main occupation. Example – Assets that are Part of an Active Business • Laura and Lester Hines own a copier and courier service. None of the equipment that they use in their business is counted as an asset (e.g., the copiers, the FAX machines, the bicycles). • Alice Washington rents out the home that she and her husband lived in for 42 years. This home is not an active business asset. Therefore, it is considered an asset and the owner must determine the annual income that Alice receives from it. HUD Occupancy Handbook 6/07 Exhibit 5-2 4350.3 REV-1 6. Assets that are NOT effectively owned by the applicant. Assets are not effectively owned when they are held in an individual's name, but (a) the assets and any income they earn accrue to the benefit of someone else who is not a member of the family, and (b) that other person is responsible for income taxes incurred on income generated by the assets. NOTE: Nonrevocable trusts (i.e., irrevocable trusts) are not covered by this paragraph. See information on nonrevocable trusts in paragraph 5-7 G.1. Example – Assets not Effectively Owned by the Applicant Net family assets do not include assets held pursuant to a power of attorney because one party is not competent to manage the assets, or assets held in a joint account solely to facilitate access to assets in the event of an emergency. Example: Alexander Cumbow and his daughter, Emily Bornscheuer, have a bank account with both names on the account. Emily’s name is on that account for the convenience of her father in case an emergency arises that would result in Emily handling payments for her father. Emily has not contributed to this asset, does not receive interest income from it, nor does she pay taxes on the interest earned. Therefore, Emily does not own this account. If Emily applies for assisted housing, the owner should not count this account as her asset. This asset belongs to Alexander and would be counted entirely as the father’s asset should he apply for assisted housing. 7. Assets that are not accessible to the applicant and provide no income to the applicant. Nonrevocable trusts are not covered under this paragraph. See information on nonrevocable trusts in paragraph 5-7 G.1. Example A battered spouse owns a house with her husband. Because of the domestic situation, she receives no income from the asset and cannot convert the asset to cash.