In 2016, HOPE of Evansville celebrated its 50th anniversary of serving our community. During that time, we have had the opportunity to serve over 400 families on an annual basis. That’s 20,000 families served!
In our 50 years of service to the community, we have been a resource in the areas of housing counseling, including foreclosure prevention counseling, pre-purchase counseling, homebuyer education, and financial literacy, as well as housing development, and small business lending.
Since 1997 HOPE has helped 949 families purchase their first home by providing comprehensive counseling, education, and down payment assistance. These families received an average of 5 hours of counseling, 8 hours of education, and $2,214 towards the purchase of their home. HOPE has provided a total of $3.07 million in down payment assistance to families since 1997, which has generated $6.4 million in homes sales.
One of our greatest accomplishments has been the development of 62, energy-efficient homes for low-to- moderate income families. Forty of those homes are lease-to- own properties managed under Homes of Evansville as subsidiary of HOPE. Those will be rented to families below 60% of the Area Median Income for 15 years and then will be transitioned into homeownership. Residents will receive $1,000 credit for each year they resided in their residence toward the purchase of the home if they desire to purchase it at the end of the 15 year period. The remaining twenty-two homes have been developed and sold to families below 80% of the Area Median Income. This has generated over $1.8 million in home sales.
We are proud of our accomplishments, but know that our work is not finished yet, but we are only getting started with great new opportunities to collaborate with our local organizations to further pursue our mission.
Cheers to the next 50 years!!!