OPAL Community Land Trust – 2010 OPAL Soiree Under the Sea
Auction Ends: Oct 13, 2010 11:59 PM PDT

Fund a Need

One Hour of Financial Counseling for a Prospective OPAL Homeowner

Item Number
211
Estimated Value
46 USD
Sold
46 USD to cbee
Number of Bids
1  -  Bid History

Item Description

Each buyer who hopes to buy a permanently affordable house through OPAL, must jump a series of hurdles to qualify.  Their income and assets must meet OPAL's limits; they must work with a staff member to determine if they will be able to qualify for a mortgage.  And, because the great majority of OPAL homeowners are first-time homebuyers, we require them to participate in several hours of basic financial counseling with our staff expert  -- to assist in clearing up credit problems or other impediments to home ownership and to help the prospective buyer determine whether, in fact, home ownership is really his or her best path.

This financial counseling is an important part of what all community land trusts do; it is a vital part of OPAL's stewardship activities.

You can help sustain this effort by contributing enough to cover ONE HOUR of such financial counseling: $46

We would like to thank our sponsors....

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