VCCDC RECEIVES $40,000 FROM WELLS FARGO TO HELP FAMILIES IN VENTURA COUNTY ACHIEVE HOMEOWNERSHIP AND FINANCIAL STABILITY

VCCDC RECEIVES $40,000 FROM WELLS FARGO TO HELP FAMILIES IN VENTURA COUNTY ACHIEVE HOMEOWNERSHIP AND FINANCIAL STABILITY

Ventura County, CA – The Ventura County Community Development Corporation Wells Fargo Logo(VCCDC) was recently awarded a $40,000 grant by Wells Fargo Bank for its Changing Lives Through Homeownership Program which provides homebuyer education and counseling services to low-to moderate income families in Ventura and Santa Barbara Counties.

This Wells Fargo Foundation Grant will allow VCCDC to provide 700 low-to-moderate income families the access to educational workshops and one-on-one counseling services that will help them navigate through the homeownership process which can be complex and intimidating. The participating families will work with VCCDC’s Certified Homeownership Specialists to establish a solid action plan that will prepare them towards achieving homeownership and provide a support system that includes education and counseling services before, during and after the home-buying process. In addition, counselors will work with families that are not ready to purchase by providing financial coaching to help them improve their financial capability, and learn how to build and preserve assets over the course of their lives.

“The services and programs VCCDC offers are vital for families in our community who are finding increasingly difficult to find a home to call their own due the rising home prices in Ventura and Santa Barbara County. The Wells Fargo Foundation grant will make it possible for VCCDC to continue to make the dream of homeownership a reality for the families that we assist,” says Bertha Garcia, VCCDC’s Executive Director.

With the support of Wells Fargo Bank and the Wells Fargo Foundation over the past 16 years, VCCDC has been able to provide homeownership education and counseling services to nearly 10,000 local families. “Throughout its 16-year history, VCCDC has become a leader in the region, growing in response to community need and market opportunities, and providing high quality services aligned with best practices in the industry. However, it is only in partnership with our supporters like Wells Fargo that VCCDC has been able to accomplish its mission” says VCCDC Executive Director, Bertha Garcia.

 

VCCDC’s 5th Annual Homeownersip Fair Photos

VCCDC’s 5th Annual Homeownership Fair was held on Saturday, June 24th at the Centerpoint Mall in Oxnard. Through this annual event, VCCDC aims to provide the resources and information which potential homebuyers need in order to reach their goal of successful homeownership.  The information provided to our 400+ attendees by our partner lenders, realtors and other community partners is vital for families who are finding it increasingly difficult to find a home to call their own due the rising home prices in Ventura County. We were so happy to meet new families and see families who we have assisted. Please enjoy our event photo album!

VCCDC Welcomes Felipe Flores as Homeownership Program Manager

VCCDC is happy to introduce the newest member of our team, Felipe Flores.   Felipe Felipe Picjoins VCCDC as the Homeownership Program Manager for the Education and Counseling division. Felipe comes to VCCDC with more than 15 years in the areas of architecture, construction, project management, and community outreach. In his most current position at Habitat for Humanity of Ventura County Felipe was responsible for community outreach and the development of relationships to further advance the agency’s mission  including the oversight and expansion of the Preserve a Home Program and Neighborhood Revitalization. His experience is enhanced by his Bachelor’s degree in Architecture from the Universidad Autonoma de Aguascalientes.  He has a passion for volunteering in the community including volunteering as Vice Chair for the City of Oxnard Commission on Homelessness and President of the Rotary Club Oxnard Sunrise. As Homeownership Program Manager, Felipe is responsible for the overall leadership of the Education and Counseling Division which includes financial coaching programs, homebuyer education and counseling programs, and foreclosure-intervention counseling services. Welcome to the VCCDC team!

U.S. Army Veteran Reaches Dream of Homeownership with the Help of VCCDC & Union Bank

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Click here to view full Union Bank 2015 Corporate Social Responsibility Report (Mr. Zambrano’s story can be found on page 33).

Source: Union Bank 2015 Corporate Social Responsibility Report

VENTURA COUNTY CDC RECEIVES $75,000 FROM THE CITI FOUNDATION TO HELP LOCAL FAMILIES ACHIEVE HOMEOWNERSHIP AND FINANCIAL STABILITY

The Ventura County Community Development Corporation (VCCDC) was recently awarded a $75,000 grant by the Citi Foundation to support its Changing Lives through Homeownership Program which provides homebuyer education and counseling services to low-to-moderate income families in Ventura and Santa Barbara Counties.
The Citi Foundation Grant will allow VCCDC to provide 700 low-to-moderate income families the access to educational workshops and one-on-one counseling services that will help them navigate through the homeownership process which can be complex, frustrating and intimidating. The participating families will work with VCCDC’s Certified Counselors to establish a solid action plan that will prepare them towards achieving homeownership and provide a support system that includes education and counseling services before, during and after the home-buying process. In addition, counselors will work with families that are not ready to purchase by providing financial coaching to help them improve their financial capability, and learn how to build and preserve assets over the course of their lives.
“Many of our families are faced with obstacles and barriers that make homeownership and financial stability a distant dream. The Citi Foundation grant will make it possible for VCCDC to get that dream within reach of the families that we assist. We are very grateful for Citi’s continued partnership and support,” says Bertha Garcia, VCCDC’s Executive Director.
With the support of Citi and the Citi Foundation over the past 16 years, VCCDC has been able to provide homeownership education and counseling services to nearly 10,000 local families. In addition to financial support, Citi employees have volunteered their time and expertise as guest speakers for VCCDC’s adult and youth financial empowerment workshops. VCCDC’s collaboration with Channel Islands High School and Citi, made this year’s Teach a Child to Save Day a success in which 82 high school students received financial education. VCCDC is very proud of Citi’s Vice President & Community Development Officer, Rashi Kallur’s involvement in its Board of Directors. With Ms. Kallur’s direction and support VCCDC has been successful with the development and implementation of its 2011-2013; 2014-2016 Strategic Plans.

About the Citi Foundation
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. The foundation invests in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit http://www.citigroup.com/citi/foundation/index.htm

About VCCDC
Since its founding in 2001 as a local non-profit organization, VCCDC works to increase homeownership and economic stability in underserved communities of Ventura and Santa Barbara Counties. VCCDC is dedicated to ensuring that homebuyers are prepared for homeownership with the support of certified professionals who provide education and guidance, assisting with planning and problem solving. All VCCDC staff is bilingual, proudly serving the community. VCCDC accomplishes its work in partnership with other community organizations, and is financially supported by private and public funds. Visit us at www.vccdc.org and www.facebook.com/vccdc

“The American Dream remains alive and I feel like I have reached the American Dream.”

The American Dream remains alive and I feel like I have reached the American Dream. I am grateful with everyone at VCCDC for helping me with the homebuying process.”  ~Blas Perez, VCCDC Homeowner ~

Sometimes you have to trust the magic of new beginnings… And that’s exactly what Blas Perez did. When Mr. Perez came to us in 2016 he was going through a big change in his life.  His home in the Westview Village, the city of Ventura’s oldest and biggest public housing complex, was being demolished as part of a renovation project. After living in the complex for 13 years, he took this new change as the opportunity to fulfill the American Dream and become a homeowner.

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VCCDC Mortgage Loan Specialist, Gustavo Ramirez, and new homeowner, Blas Perez.

While the Perez family knew they wanted to buy a home of their own they were unsure about how they were going to reach that dream. The Housing Authority of the City of San Buenaventura (Ventura) directed them to VCCDC for assistance in reaching their goal. While at VCCDC, the Perez family took advantage of our Homebuyer Education Workshop and Coaching for Homeownerhship service which helped answer a lot of the questions that come with buying a home. With the help of VCCDC’s various down payment assistance programs, the Perez family was able to realize their dream of homeownership! Coincidentally, the Perez family purchased a home just 1 block away from their previous home, helping making their transition a lot smoother.

A big congratulations to the Perez family!  VCCDC feels honored to have been a part of their journey towards homeownership!

Congratulations to our 2017 CASH Graduates!

Congratulations to our 2017 CASH Graduates!

Since its inception in 2011, the Creating A Stable Home (CASH) Financial Coaching Program has been able to assist its participants increase their financial knowledge and confidence, apply that financial knowledge and establish healthy financial behaviors by reducing debt, increasing credit scores, increasing savings and increasing net worth through the purchase of high-return assets such a home, small business or post-secondary education.  VCCDC recently celebrated the graduation of its sixth CASH class with a ceremony where we enjoyed good food, music, and inspiring stories:

This CASH class was small but MIGHTY! During the 12 month program the nine graduates improved credit scores, increase savings, and reduce debt. Through their hard work and with the assistance of VCCDC’s Financial Coaches the 2017 graduates were able to:

  • Reduce debt by more than $109,000
  • Increase savings by more than $8,000
  • 77% of the graduates were able to increase their credit scores

VCCDC warmly congratulates the 2016 CASH Financial Coaching Program Graduates! We wish you much happiness and success in everything that you do!

Thank you to Union Bank and City National Bank

A big THANK YOU to two of our long time partners and supporters, City National Bank and Union Bank, for their generous contribution in support of VCCDC’s Mi Casa Mi Hogar Program which is designed for women who are the primary wage earners and/or single head-of-household for their families. Although the primary target population is women, any resident interested in increasing his/her financial capability will be welcomed into the program. For example, single men who are head-of-household, which is an increasing demographic trend in VCCDC’s client population. Mi Casa Mi Hogar will increase financial health and literacy through financial education workshops and one-on-one coaching, homeownership counseling, foreclosure prevention, and referrals to partners for other services.

If you’re interested in taking advantage of VCCDC’s Mi Casa Mi Hogar Program give us a call at 805-273-7800 or email [email protected]

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VCCDC’s Executive Director, Bertha Garcia, and Director of Lending Services, Alex Vega pictured with Greg Glover and Emma Morata from City National Bank.

 

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VCCDC’s Director of Program Development and Administration, Laura Cabrera and Service Delivery Manager, Keily Victoria, pictured with Fernando Estevez from Union Bank

Student Loan Debt & Homeownership

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Beware of Holiday Budget Busters

Beware of Holiday Budget Busters – America Saves

The holiday season almost always means extra expenses, ones that are often not considered when thinking of a monthly budget.

If your holiday spending is in line with the average consumer, that could mean $1000 or more in additional expenses between Halloween and the New Year. Instead of being caught by surprise, plan ahead and save for the costs associated with these special days.

Read more…

(Source: www.AmericaSaves.org)

“I didn’t believe it at first, I thought there was some kind of catch”…

‘If there is a program that can help, you should try it’

A friend-of-a-friend helped Myra C. save her home – simply by sharing information about Keep Your Home California.

“I didn’t believe it at first, I thought there was some kind of catch,” Myra says of the free mortgage-assistance program. “I was skeptical.”

Despite her reservations, Myra met face-to2404_465-face with a housing counselor with the Ventura County Community Development Corporation and applied for Keep Your Home California. In addition to calling the Keep Your Home California counseling center at 888-954-KEEP, homeowners can apply at dozens of housing counseling agencies across the state.

The application process was “super easy,” Myra says of Keep Your Home California. “Everything they ask is information you should have.”

She applied in March, a month after she was laid-off when her former employer was purchased.

“I brought in all of the paperwork,” says Myra, who lives in Southern California. “I wanted to make sure that they could help.”

Ventura County Community Development Corporation helped Myra with her application process, just like the 15 to 20 other homeowners the nonprofit agency assists every month to apply for Keep Your Home California.

“Our counselors are dedicated in helping families with one-on-one counseling that provides homeowners with a specific, actionable plan that can help them avoid foreclosure, or explore alternatives to foreclosure if homeownership cannot be maintained,” says Laura Cabrera, Director of Program Development and Administration for the Ventura County Community Development Corporation in Oxnard.  “Our counselors strive to encourage their clients to achieve their short- and long-term financial goals and never allow one door to close without another opening, and Keep Your Home California does just that.”

Myra was approved several weeks later for Keep Your Home California’s Unemployment Mortgage Assistance Program, which provides as much as $3,000 per month for up to 18 months – or a total of $54,000.

“That’s our primary program with Keep Your Home California,” says Cabrera, who adds that despite a better economy, many employers have been downsizing or issuing layoff notices. “We keep busy because of our relationships and partnerships within the community.”

And relationships are what helped Myra learn about Keep Your Home California. Sometimes, bad things happen for a reason – and sometimes even at a good time.

“I was already seven months pregnant,” Myra says of when she was laid-off. “No one was going to hire me at seven months. Now, I’m able to spend time with the baby.”

In between all of the demands of her infant son – the feedings, changings and baths – and a 3-year-old son, Myra is looking for a good job in the finance industry. She can focus on the job hunt and not her mortgage, thanks to Keep Your Home California.

“This is our first home,” Myra says of her town home. “We looked at a lot of houses. We looked for six months.”

Myra – like many other homeowners – is grateful for the help from Keep Your Home California. She encourages other homeowners to consider the state-managed program.

“Don’t second guess yourself,” she says. “If there is a program that can help, you should try it.”

If you or someone you know has had a financial hardship and needs assistance with their mortgage contact VCCDC today at 805-273-7800!

Time to Sell?

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New California Law That Will Make Retirement Savings a Possibility for 7 Million Workers

California Governor Jerry Brown recently signed the California Secure Choice Retirementwoman-save-money Savings Program bill into law which will allow workers in California to access state-run Individual Retirement Accounts (IRAs). The new law requires all California companies with at least five employees to enroll their workers if they do not offer their own retirement savings plan.  It is estimated that more than half of California’s private-sector employees do not currently have access to a workplace retirement plan. This translates to almost 7 million of California’s workers who will now become eligible for the program.  Read more…

 

 

Gabriela Muñoz is named Champion of Service by HUD

Gabriela Muñoz, Homeownership Counselor for VCCDC, was recently name a “Champion of Service” in the U.S. Department of Housing & Urban Development (HUD) Bridges October Newsletter. Gabriela endlessly strives to encourage her clients to ach7. Gabriela Mieve their short and long-term financial goals. Whether the dream is homeownership or financial stability (or both) Gabriela provides the guidance and tools necessary for her clients to successfully reach their goals. Her passion and commitment to her clients is evident in her work. We are very proud of Gabriela and look forward to seeing her grow professionally. Congratulations Gabriela! Read the complete story here, (page 12).

Congrats Gustavo!

VCCDC’s Mortgage Loan Specialist, Gustavo Ramirez, participated in the
10th Annual Ventura County Coastal Association of Realtors (VCCAR) Affiliate
Committee Chili Cook-Off on behalf of VCCDC. His delicious chili took 3rd place in this fun competition benefiting Food Share of Ventura County. Way to go Gus!

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VCCDC’s Gustavo Ramirez & Gabriela Muñoz at the 10th Annual Chili Cook Off!

New California law protects surviving homeowners from “widow foreclosures”

Senate Bill 1150, the Homeowner Survivor Bill of Rights (SBOR), was recently signed by Governor Jerry Brown to protect surviving homeowners against unnecessary foreclosures.  Surviving homeowners includes widowed spouses, domestic partners, heirs, siblings, and joint tenants. Before the bill was signed into law mortgage servicers have refused to speak to surviving homeowners because they were not listed on the mortgage and have subsequently foreclosed on them. Under the new law, servicers will have to speak with surviving homeowners and provide clear information about their options and the process to assume the mortgage and possibly seek a modification. The Housing and Economic Rights Advocates and the California Reinvestment Coalitionfter diligently worked on getting SB 1150 passed after hearing from housing counselors and attorneys who were trying to help surviving homeowners but where met with this major obstacle. To learn more about SB 1150 click here.

If you or someone you know is having trouble making their mortgage payment please reach out to VCCDC for assistance at 805-273-7800.

Pay day loans can become debt traps!

Pay day loans are meant to be short term loans but for many they can become a never ending cycle of debt. Watch this video from the Consumer Financial Protection Bureau (CFPB) to learn how pay day loan can become debt traps and what the CFPB is doing to regulate the pay day loan industry.

Should You Use Your 401K to Fund Your Down Payment?

For many people their 401K is their biggest source of savings which is why it may be tempting to use these funds towards the down payment for a first home. According to the Down Payment Resource, only 2% of first time homebuyers use financial assistance such as down payment assistance programs! This is a stark difference to VCCDC’s 90% of borrowers who use Down Payment Assistance to purchase their first home. Many first time homebuyers don’t know about the Down Payment Assistance Programs available or think that they may not qualify.  Although using 401K funds may sound like a good idea buyers should explore all of their options before tapping into their retirement funds. To learn about VCCDC’s programs and find out if you qualify call us at 805-273-7800. Read more…

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A Dream Within Reach

“I sat on the bench, waiting for the bus to arrive, eating my cold lunch. ‘What am I doing?’ I asked myself. I didn’t know if this was going to work. “Am I Family holding handswasting my time?’ I sat there alone, crying, when all of a sudden a crow joined me in my tears. Its caw gave me the strength to move forward. I cheered up, got on the bus and knew that this was my last chance to reach my goal.” This was how Mrs. Juana Montelongo described her journey back home after her first pre-purchase counseling appointment. Mrs. Montelongo was an immigrant from Mexico with high hopes of reaching the “American Dream”.

She had struggled for many, many years to reach her goal of homeownership. She overcame the many stigmas that came with being a Hispanic, immigrant, trying to reach success for her family.  She was sixty four, working in a lemon packing factory for fourteen years.

In 2013, her husband suffered a stroke that left them with extensive medical debt. Not only were Mr. and Mrs. Montelongo forced to declare bankruptcy due to the overwhelming expenses, but Mrs. Montelongo became the head of household. Her husband recovered, but was never able to return to work. Mrs. Montelongo persevered and didn’t let this hold her back. Her father’s words resonated with her all along, “Yo no crié una hija que se daba por vencida”. Mrs. Montelongo had many years before attempted to purchase a home, but for more than one personal reason, was never able to move past the pre-approval stage. She finally told herself she was going to give it one more shot. She heard about Ventura County Community Development Corporation (non-profit housing counseling agency) from her realtor. Mrs. Montelongo figured she had nothing to lose. She made the long journey that required a brief walk to a bus stop, three bus transfers and another brief walk, but she made it through the doors.

VCCDC’s Homeownership Counselor, Gabriela Muñoz, sat with Mrs. Montelongo and assessed her situation. She needed to work on her credit, savings, and debt in order to make this dream a reality. Mrs. Montelongo came in by herself at first. She mentioned later that this was because this whole process was initially kept a secret until she knew that there was viable hope. She would leave work early in order to make it to the appointment, all while her husband and son’s thought she was still at work. When they would call after leaving our office, she would tell them she was on her way home, not mentioning where exactly she was coming from. When she would arrive with a handful of papers and they’d ask where they were from and for what, she said it was for work. Once she knew that traction was building, she told her family about what she had been doing. They couldn’t believe it. She told them this was her last shot and if it didn’t happen, it just wasn’t ever meant to be, but she could at least say she tried. Mrs. Montelongo stated, “this whole journey was so that once my husband and I died, my children could continue to have a home. I don’t want to one day leave this world worried about where they would end up.”

Mrs. Montelongo worked with Miss Muñoz for one year and two months and in the end Mrs. Montelongo was able to increase her middle FICO score by 56 points, Mr. Montelongo increased his by 44 points, they saved $7,667 and reduced their debt by $15,818. They were ready for the pre-approval stage. Miss Muñoz mentions that she “continually kept in touch with Mrs. Montelongo because [she] didn’t want her to get stuck at the pre-approval stage. [She] wanted her to give it her all, and if in the end it wasn’t meant to be, she had at least tried one last time.” Mr. And Mrs. Montelongo were successful in securing $55,000 in down payment assistance to make their dream a reality: they became homeowners. Mrs. Montelongo would like to thank Miss Muñoz and VCCDC Lending staff for their help throughout this whole process. As advice to future homeowners also pursuing the “American Dream” of homeownership, she says, “never give up… with a little perseverance and confidence you can also achieve this dream.”

Mrs. Montelongo’s story will be featured in the October HUD Newsletter “The Bridge”.

 

VCCDC Receives $20,000 AHEAD Grant

VCCDC was awarded a $20,000 grant from the
The Federal Home Loan Bank of San Francisco via its partnership with Pacific Western Bank. This grant is part of $1.5 million in grants awarded by the FHL Bank of San Francisco through its Access to Housing and Economic Assistance for Development (AHEAD) Program which aims to assist nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency.
The grant will be used to support VCCDC’s Mi Casa Mi Hogar Program which is designed for women who are the primary wage earners and/or single head-of-household for their families. Mi Casa Mi Hogar will increase financial health and literacy through financial education workshops and one-on-one coaching, homeownership counseling, foreclosure prevention, and referrals to partners for other services. Read more…

NEW! City of Lompoc Down Payment Assistance Program

VCCDC was recently selected as an approved lender for the City of Lompoc Homebuyer Down Payment Program which offers up to $50,000 in assistance fo qualified first-time homebuyers. As an approved lender VCCDC will assist you in obtaining your pre-approval for a first mortgage and assist with the Down Payment Loan application. Call us today to learn more: 805-273-7800.

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9 Homebuying Myths to Stop Believing!

There are some common misconceptions out there when it comes to homebuying… Don’t let these myths stop YOU from buying! Read the full article here! … Demystify these and other myths at our next Homebuyer Education workshop held every third Saturday of the month! Click here for more information.

Questions about Home Ownership

 

 

VCCDC is Awarded $20,000 grant from Bank of America

The Ventura County Community Development Corporation (VCCDC) was recently awarded a $20,000 grant by Bank of America to support its Changing Lives through Homeownership Program which provides homebuyer education and counseling services to low-to-moderate income families in Ventura and Santa Barbara Counties.

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This grant will allow VCCDC to provide families the access to educational workshops and one-on-one counseling services that will help them navigate through the homeownership process.  The participating families will have the opportunity to work with VCCDC’s Certified Counselors to establish a solid action plan that will prepare them towards achieving homeownership and provide a support system that includes education and counseling services before, during and after the home-buying process. In addition, counselors will work with families that are not ready to purchase by providing financial coaching to help them improve their financial capability, and learn how to build and preserve assets over the course of their lives.

If you’re interested in taking advantage of VCCDC’s homebuyer education and one-on-one coaching give us a call at 805-273-7800 or email [email protected]

Schools Rule When It Comes to Home Searches

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VCCDC Receives $35,000 from Wells Fargo to Help Women in Ventura County Achieve Homeownership & Financial Stability

VCCDC RECEIVES $35,000 FROM WELLS FARGO TO HELP WOMEN IN VENTURA COUNTY ACHIEVE HOMEOWNERSHIP AND FINANCIAL STABILITY

            Ventura County, CA – The Ventura County Community Development Corporation (VCCDC) was recently awarded a $35,000 grant by Wells Fargo to support its Mi Casa Mi Hogar (My House My Home) Program which is designed to assist a highly vulnerable population – women who are the primary wage earners for their families.

Alhough the primary target population is women, any resident interested in increasing his/her financial capability will be welcomed into the program.  By the end of the program year participants will demonstrate increased financial capability and financial health evidenced by a participant’s established Financial Wellness Plan which will lead to improvements in credit scores, increased or established savings, and/or reduced debt.

“At the heart of our work is to help families gain control over their finances and achieve financial security, especially those who are underserved and have limited information or resources. Throughout its 15-year history, VCCDC has become a leader in the region, growing in response to community need and market opportunities, and providing high quality services aligned with best practices in the industry. However, it is only in partnership with our supporters like Wells Fargo that VCCDC has been able to accomplish its mission” says VCCDC Executive Director, Bertha Garcia.

With the support of Wells Fargo over the past 15 years, VCCDC has been able to provide homeownership education and counseling services to over 9,000 local families. In addition to financial support, VCCDC is grateful to have Gabriella Mello, Vice President of Wells Fargo’s Government and Community Relations Group, as part of the Advisory Board.  Her knowledge and expertise in the community development field and Community Reinvestment Act (CRA) field are an asset to VCCDC.

VCCDC Hosts Virtual Workshop for Homeowners Interested in Getting Up to $100K in Mortgage Assistance

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PRESS RELEASE

VCCDC HOSTS VIRTUAL WORKSHOP FOR HOMEOWNERS INTERESTED  IN GETTING UP TO $100,000 IN MORTGAGE ASSISTANCE

Homeowners can get information on the Keep Your Home California Program which offers several options for homeowners looking to prevent foreclosure.

Ventura County, CA – Ventura County Community Development Corporation (VCCDC) will be hosting its first virtual workshop for homeowners who are interested in obtaining up to $100,000 in mortgage assistance through the Keep Your Home California (KYHC) Program.  The workshop will take place on Wednesday, August 17th from 6:00pm to 6:45pm and it can be accessed by going to www.virtualcounselingnetwork.org and clicking on “VCN Workshop Registration”).  The KYHC program offers several options for homeowners looking to prevent foreclosure including Unemployment Mortgage Assistance, Mortgage Reinstatement, and Principal Reduction.

This virtual workshop is part of VCCDC’s partnership with the Virtual Counseling Network (VCN) which aims to connect potential homebuyers and homeowners with VCCDC’s certified homeownership professionals who can provide information on homeownership counseling, financial counseling, foreclosure prevention programs, down payment assistance, first time homebuyer mortgages, and more. Clients will be able to hear, see, and interact with VCCDC’s Homeownership Specialists from the comfort of their own home (or wherever internet is available) through one-on-one counseling sessions and group workshops.

“We know that sometimes people cannot make it out to our workshops due to lack of transportation, issues with mobility, time constraints or other reasons so we hope by offering virtual workshops we can expand the number of people that we help educate” says Bertha Garcia, VCCDC’s Executive Director.

The Virtual Counseling Network is uses a unique and innovative new technology developed by the Orange County Housing Opportunities Collaborative (OC HOC), to transform and expand access to professional housing counseling services like those of VCCDC. The VCN has been in use in San Diego, Oceanside, Los Angeles, Riverside and San Bernardino counties since March 2013 and in Orange County since July 2014, through a generous grant from Citi Community Development. VCCDC is proud to be the VCN’s first partner housing counseling agency in Ventura County. “We are excited to partner with VCCDC to bring access to these vitally needed services to potential homebuyers and homeowners in Ventura County,” said Connie Der Torossian, OC HOC Program Manager.

To get access to VCCDC’s services through the Virtual Counselor Network go to www.VirtualCounselorNetwork.org or call 800.826.1502. For questions you can also reach VCCDC directly at 805-273-7800. For more information about the VCCDC and VCN partnership or for interviews, please contact Keily Victoria at (805) 273-7808.

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 About the Orange County Housing Opportunities Collaborative  (OC HOC)

Housing Opportunities Collaborative is a 501(c) (3) tax exempt HUD approved counseling intermediary, established in 2005 by a coalition of HUD approved housing counseling and fair housing agencies, other housing related nonprofit organizations, business organizations, and government agencies that support all aspects of housing rights and responsibilities. It was created to serve as an information clearinghouse by consolidating housing and related information, making it easily accessible to the public and partners. To improve the delivery of services to the community, the HOC developed the Virtual Counselor Network in 2013 to digitally connect social services agencies and partner organizations to the community using the power of technology. OC HOC is the Orange County branch of the HOC. OC HOC Nonprofit Partner organizations who have signed up to have Virtual Counselors on the VCN include: Affordable Housing Clearinghouse, Consumer Credit Counseling Service of OC, Fair Housing Foundation, NeighborWorks OC, Legal Aid Society of OC, Public Law Center, Shalom Center, Springboard Credit Counseling and SparkPointOC at Delhi and Abrazar.

About Ventura County Community Development Corporation (VCCDC)The VCCDC Home Ownership Center is a one-stop-shop where a full circle of services and resources is available to prospective home buyers and homeowners, including: HUD approved pre-purchase education and counseling, post-home purchase workshops, realty, and lending services that include down payment assistance programs and more. VCCDC is a certified Community Financial Development Institution and the only nonprofit organization in Ventura County offering affordable loan products and down payment assistance for first-time homebuyers.  Since it was founded in 2001 as a local non-profit organization, VCCDC has worked to increase homeownership and economic stability in underserved communities of Ventura and Santa Barbara Counties. VCCDC is dedicated to ensuring that homebuyers are prepared for homeownership with the support of certified professionals who provide education and guidance, assisting with planning and problem solving. All VCCDC staff is bilingual, proudly serving the community. VCCDC accomplishes its work in partnership with other community organizations, and is financially supported by private and public funds. Visit us at www.vccdc.org and www.facebook.com/vccdc.

 

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VCCDC Partners with Virtual Counseling Network

PRESS RELEASE

VCCDC PARTNERS WITH THE VIRTUAL COUNSELING NETWORK TO OFFER NO COST VIRTUAL SERVICES TO HOME BUYERS & HOMEOWNERS

This new network provides free “real time” access to homeownership services from the comfort of the client’s own home

Ventura County, CA – Ventura County Community Development Corporation (VCCDC) announced today their partnership with the Virtual Counseling Network (VCN).  This online network uses a unique and innovative new technology developed by the Orange County Housing Opportunities Collaborative (OC HOC), to transform and expand access to professional housing counseling services.

Through this partnership, VCCDC aims to connect potential homebuyers and homeowners with VCCDC’s certified homeownership professionals who can provide information on homeownership counseling, financial counseling, foreclosure prevention programs, down payment assistance, first time homebuyer mortgages, and more. Clients will be able to hear, see, and interact with VCCDC’s Homeownership Specialists from the comfort of their own home (or wherever internet is available). “Through our partnership with the VCN we hope to reach out to those potential clients who might otherwise not be able to have access to our services due to lack of transportation, issues with mobility, time constraints or other reasons. We also aim to cater to those who are looking for a more convenient and effective way to meet with our team,” says Bertha Garcia, VCCDC’s Executive Director.

The VCN has been in use in San Diego, Oceanside, Los Angeles, Riverside and San Bernardino counties since March 2013 and in Orange County since July 2014, through a generous grant from Citi Community Development. VCCDC is proud to be the VCN’s first partner housing counseling agency in Ventura County. “We are excited to partner with VCCDC to bring access to these vitally needed services to potential homebuyers and homeowners in Ventura County,” said Connie Der Torossian, OC HOC Program Manager.

To get access to VCCDC’s services through the Virtual Counselor Network go to www.VirtualCounselorNetwork.org or call 800.826.1502. For questions you can also reach VCCDC directly at 805-273-7800. For more information about the VCCDC and VCN partnership or for interviews, please contact Keily Victoria at (805) 273-7808.

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About the Orange County Housing Opportunities Collaborative (OC HOC)

Housing Opportunities Collaborative is a 501(c) (3) tax exempt HUD approved counseling intermediary, established in 2005 by a coalition of HUD approved housing counseling and fair housing agencies, other housing related nonprofit organizations, business organizations, and government agencies that support all aspects of housing rights and responsibilities. It was created to serve as an information clearinghouse by consolidating housing and related information, making it easily accessible to the public and partners. To improve the delivery of services to the community, the HOC developed the Virtual Counselor Network in 2013 to digitally connect social services agencies and partner organizations to the community using the power of technology. OC HOC is the Orange County branch of the HOC. OC HOC Nonprofit Partner organizations who have signed up to have Virtual Counselors on the VCN include: Affordable Housing Clearinghouse, Consumer Credit Counseling Service of OC, Fair Housing Foundation, NeighborWorks OC, Legal Aid Society of OC, Public Law Center, Shalom Center, Springboard Credit Counseling and SparkPointOC at Delhi and Abrazar.

 

About Ventura County Community Development Corporation (VCCDC)

The VCCDC Home Ownership Center is a one-stop-shop where a full circle of services and resources is available to prospective home buyers and homeowners, including: HUD approved pre-purchase education and counseling, post-home purchase workshops, realty, and lending services that include down payment assistance programs and more. VCCDC is a certified Community Financial Development Institution and the only nonprofit organization in Ventura County offering affordable loan products and down payment assistance for first-time homebuyers.  Since it was founded in 2001 as a local non-profit organization, VCCDC has worked to increase homeownership and economic stability in underserved communities of Ventura and Santa Barbara Counties. VCCDC is dedicated to ensuring that homebuyers are prepared for homeownership with the support of certified professionals who provide education and guidance, assisting with planning and problem solving. All VCCDC staff is bilingual, proudly serving the community. VCCDC accomplishes its work in partnership with other community organizations, and is financially supported by private and public funds. Visit us at www.vccdc.org and www.facebook.com/vccdc.

VCCDC Releases First Edition of its “Community Matters” Newsletter

Read the first edition of VCCDC’s Community Matters Newsletter, a monthly newsletter that will keep you up to date with what’s going on at VCCDC including upcoming events and updates on our services and programs. Haven’t joined our email list? Join today to receive the latest news and updates from VCCDC!  

Join Our Email List!

VCCDC Receives $60,000 From the Citi Foundation to Help Local Families

VENTURA COUNTY CDC RECEIVES $60,000 FROM THE CITI FOUNDATION TO HELP LOCAL FAMILIES ACHIEVE HOMEOWNERSHIP AND FINANCIAL STABILITY

Ventura County, CA – The Ventura County Community Development Corporation (VCCDC) was recently awarded a $60,000 grant by the Citi Foundation to support its Changing Lives through Homeownership Program which provides homebuyer education and counseling services to low-to-moderate income families in Ventura and Santa Barbara Counties.

The Citi Foundation Grant will allow VCCDC to provide 700 low-to-moderate income families the access to educational workshops and one-on-one counseling services that will help them navigate through the homeownership process which can be complex, frustrating and intimidating.  The participating families will work with VCCDC’s Certified Counselors to establish a solid action plan that will prepare them towards achieving homeownership and provide a support system that includes education and counseling services before, during and after the home-buying process. In addition, counselors will work with families that are not ready to purchase by providing financial coaching to help them improve their financial capability, and learn how to build and preserve assets over the course of their lives.

“Many of our families are faced with obstacles and barriers that make homeownership and financial stability a distant dream. The Citi Foundation grant will make it possible for VCCDC to get that dream within reach of the families that we assist. We are very grateful for Citi’s continued partnership and support,” says Bertha Garcia, VCCDC’ Executive Director.

With the support of Citi and the Citi Foundation over the past 15 years, VCCDC has been able to provide homeownership education and counseling services to over 9,000 local families. In addition to financial support, Citi employees have volunteered their time and expertise as guest speakers for VCCDC’s adult and youth financial empowerment workshops.  VCCDC’s collaboration with Channel Islands High School and Citi, made this year’s Teach a Child to Save Day a success in which 129 high school students received financial education.   VCCDC is very proud of Citi’s Vice President & Community Development Officer, Rashi Kallur’s involvement in its Board of Directors. With Ms. Kallur’s direction and support VCCDC has been successful with the development and implementation of its 2011-2013; 2014-2016 Strategic Plans.

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About the Citi Foundation

The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. The foundation invests in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi

Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit http://www.citigroup.com/citi/foundation/index.htm

About VCCDC

Since its founding in 2001 as a local non-profit organization, VCCDC works to increase homeownership and economic stability in underserved communities of Ventura and Santa Barbara Counties. VCCDC is dedicated to ensuring that homebuyers are prepared for homeownership with the support of certified professionals who provide education and guidance, assisting with planning and problem solving. All VCCDC staff is bilingual, proudly serving the community. VCCDC accomplishes its work in partnership with other community organizations, and is financially supported by private and public funds. Visit us at www.vccdc.org and www.facebook.com/vccdc

Congratulations to Gustavo Ramirez!

VCCDC’s Mortgage Loan Specialist, Gustavo Ramirez, was recently presented with the 2015 “Top Producing Loan Officer” Award from Union Bank at our 4th Annual Homeownership Fair. Gustavo produced more than $3 million in CRA loans for Union Bank in 2015. CRA is an acronym for the Community Reinvestment Act, a U.S. law encouraging banks to help meet credit needs in communities where they take deposits, with specific emphasis on helping meet credit needs of low- and moderate-income neighborhoods. VCCDC is proud to be a top producing CRA lender, helping families in our community reach the dream of homeownership!

Congratulations to Gustavo and the VCCDC Lending team for the amazing work you do!

Gustavo Ramirez, VCCDC Mortgage Loan Specialist, presented with the Top Producing Loan Officer Award for 2015 by Union Bank

Pictured (from left): Brent Kimball, Vice President, Account Executive Whole Sale Lending for Union Bank; Gustavo Ramirez, VCCDC Mortgage Loan Specialist; Alex Vega, VCCDC Director of Lending Services;

Gustavo Ramirez - Union Bank AwardGus' Award from Union Bank

2016 Homeownership Fair Photo Gallery

Check out our photo album from the 4th Annual Homeownership Fair!

Gabriela Mello Joins VCCDC’s Advisory Board

Gabby Mello Bio 5_2016VCCDC is proud to announce that Gabriela Mello, Vice President of Wells Fargo’s Government and Community Relations Group, has joined its Advisory Board. The appointment of Ms. Mello further strengthens VCCDC’s distinguished advisory board which includes Michael McGuire, Executive Director at SPREADDS.com, Evelyn Aleman, President of Media Image Public Relations and Virginia Victorin, Vice President, Community Affairs Regional Manager of Bank of the West.

Ms. Mello represents Wells Fargo in all aspects of community outreach, identifying and referring business opportunities and maintaining the company’s CRA initiatives that support small business and underserved populations in Kern, Kings, Tulare, Santa Barbara, San Luis Obispo and Ventura Counties.

During the course of Ms. Mello’s career she has held various positions throughout her 22 year banking career with Citibank and Wells Fargo. Ms. Mello started as a bank teller at Wells Fargo and was quickly promoted to a branch manager of several Central California branches and now leads Wells Fargo’s government and community development efforts for the region.  In 2007, she was given the Women of the Year award from the Tulare Kings Hispanic Chamber of Commerce for her leadership and commitment to the underserved and small business community. Ms. Mello also received many Congressional Recognitions and a Commendation from Assemblywoman for the 30th district Nicole M. Parra at the Latinas in Business Conference for her outstanding support to small businesses nonprofit agencies and community support in the San Joaquin Valley

Ms. Mello’s dedication to economic development has earned several recognitions from the California State Senate and Assembly. In 2009 and 2013, she received national recognition from the U.S. Small Business Administration when he was presented with the Financial Services Champion of the Year Award in both occasions. Ms. Mello serves on boards and advisory boards of several nonprofits in California and was appointed by Wells Fargo’s leadership team to represent the West region on Wells Fargo’s National Economic Opportunities Grant program

She attended Hartnell College in Salinas and California State University Fresno earning her Bachelor’s degree in Liberal Studies. She resides in Bakersfield with her husband Joe and their three children Megan, Mariah and Nathan.

VCCDC is delighted to have Ms. Mello on the Advisory Board. Her knowledge and expertise  in the community development field and Community Reinvestment Act (CRA) field will be a great asset to the VCCDC!

 

Thank you to our 4th Annual Homeownership Fair Sponsors!

VCCDC would like to thank all of the 4th Annual Homeownerhsip Fair Sponsors for making our event possible! Thank you for sharing in our mission and helping us “Change Lives Through Homeownership”.

Thank you to our Sponsors 6.7.16 - Premier Event SponsorThank you to our Sponsors 6.7.16 Exito

Thank you to our Sponsors 6.7.16 - EsperanzaThank you to our Sponsors 6.7.16 - Dream

Congratulations to the 2016 CASH Financial Coaching Program Graduates!

Since its inception in 2011, the Creating A Stable Home (CASH) Financial Coaching
Program has been able to assist its participants to increase their financial knowledge and confidence, apply that financial knowledge and establish healthy financial behaviors by reducing debt, increasing credit scores, increasing savings and increasing net worth through the purchase of high-return assets such a home, small business or post-secondary education. During the 12 month program the fifteen graduates were able to obtain the knowledge needed to create a more financially stable household and achieved the following:
– 59% of the graduates reduced debt, totaling more than $47,000 in debt reduction as a class
– 67% of the graduates increased savings, totaling nearly $31,000 in savings as a class
– 84% of the graduates were able to increase their credit scores, with 772 points the highest single increase from having no score

VCCDC warmly congratulates the 2016 CASH Financial Coaching Program Graduates! We wish you much happiness and success in everything that you do!

You could be the next CASH Graduate! Learn how you can reduce your financial stress once and for all! With the CASH Financial Coaching Program you can reduce debt, increase savings, and improve your credit score in only 12 months! Call 805-273-7800 or email [email protected] to learn more!

DSC_01592016 Graduates

Mariam Alexan
Kerry Artico
Aurelio & Marbella Beltran
Araceli Chavez
Michael & Josie Gonzalez
Tammy Hernandez
Brenda Perez
Marivic Porte
Miguel Angel Rivera
Raquel & Miguel Rivera
Denise Rodriguez
Carolyn Starkey

Despite Rising Home Prices in Ventura, VCCDC Celebrates 15 Years of Helping Families Achieve Homeownership

VCCDC 4th Homeownership Fair - 6.21.16_Page_1 VCCDC 4th Homeownership Fair - 6.21.16_Page_2

Workforce Development Board of Ventura County Recognizes VCCDC with Champion of Prosperity Award

Thank you to the Workforce Development Board (WBD) of Ventura County for recognizing VCCDC with a Champion for Prosperity Award! This award is presented to an individual or organization for supporting workforce development in Ventura County through job creation, job retention and business expansion or attraction. We are proud of our continued partnership with the WBD!

VCCDC Celebrates National Homeownership Month

Each year VCCDC hosts its annual Homeownership Fair in in June in honor of National Homeownership Month. In 1995, President Clinton decreed a week-long celebration in recognition of homeownership. In 2003, President George W. Bush issued a proclamation declaring the month of June to be National Homeownership Month.  The month long celebration recognizes “the importance of offering every American the opportunity to realize their dream of homeownership and to help work towards making that dream a reality.”

For the past 15 years VCCDC has worked hard to promote and preserve the dream of homeownership through its services and programs. VCCDC has made measurable impacts on neighborhood revitalization by rehabilitating distressed housing and making that refurbished inventory available to families in need. We have educated over 3,000 families through group workshops and counseled more than 6,000 families.  With the support of the VCCDC Home Ownership Center’s education and counseling services and affordable loan products and down payment assistance programs we have helped more than 1,000 families become first-time homebuyers.  In addition, since adding Foreclosure Prevention Counseling as a core line of business in 2007, we have been able to assist more than 1,600 homeowners in saving their home from foreclosure.

We invite you to celebrate National Homeownership Month with us at our 4th Annual Homeownership Fair on Saturday, June 25th from 11am to 3pm at 2231 Sturgis Road in Oxnard! For more information visit our Facebook event page at: https://goo.gl/KZ5gft or click here.

 

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State Senator Hannah-Beth Jackson to be Guest Speaker at VCCDC’s 4th Annual Homeownership Fair

Hannah-Beth Jackson is a former prosecutor and practicing attorney, educator, and small business owner. She was elected to the California State Senate in 2012 to represent the 19th Senate District, which includes all of Santa Barbara County and western Ventura County.

A graduate of Scripps College in Claremont, California with a joint major in government and sociology, she received her law degree from Boston University Law School before returning to California to work as a deputy district attorney for Santa Barbara County. Eventually, she became the managing partner for the Law Offices of Eskin and Jackson, with offices in Ventura and Santa Barbara.

From 1998 to 2004, she represented the 35th Assembly District in the State Assembly, where she worked with Democratic and Republican governors to author more than 60 bills into law.

Mrs. Jackson has also co-founded two non-profit organizations, served as the first policy-maker in residence at UC Santa Barbara, and served as adjunct professor at Antioch University.

In the Senate, she is chair of the Senate Judiciary Committee, chair of the California Legislative Women’s Caucus, and serves on several key committees, including the Environmental Quality Committee and the Natural Resources and Water Committee. She’s also chair of the Select Committee on Passenger Rail and vice-chair of the Joint Legislative Committee on Emergency Management.

We are honored to have Mrs. Jackson as a guest speaker during the scheduled program at VCCDC’s 4th Annual Homeownership Fair on Saturday, June 25th!

– See more at: http://sd19.senate.ca.gov/biography#sthash.TdMdnLEO.dpuf 

VCCDC Celebrates 15 Years of Changing Lives Through Homeownership

 

15 years ago, a tireless advocate for affordable housing had an audacious vision: Create an organization to help working families achieve the dream of homeownership in one of the most expensive housing markets in the nation.

Rodney PictureAn accomplished local activist, Rodney Fernandez made it his life’s work to achieve the impossible. The Ventura County Community Development Corporation (VCCDC) was founded by Rodney as a way to bring together private financing and public funding to bring homeownership within reach. Given the staggeringly high prices of homes in Ventura County, many people doubted it could be done. 15 years later, VCCDC is going strong.

Since 2001, VCCDC has originated an impressive number of mortgage loans, helped families improve their financial well-being and their standard of living, and contributed to improved economic conditions throughout the communities we serve. VCCDC has made measurable impacts on neighborhood revitalization by rehabilitating distressed housing and making that refurbished inventory available to families in need. We have educated over 3,000 families through group workshops and counseled more than 6,000 families.  With the support of the VCCDC Home Ownership Center’s education and counseling services and affordable loan products and down payment assistance programs we have helped more than 1,000 families become first-time homebuyers.  In addition, since adding Foreclosure Prevention Counseling as a core line of business in 2007, we have been able to assist more than 1,600 homeowners in saving their home from foreclosure.

In April 2014 we established our corporate offices and one stop Home Ownership Center in Oxnard where we continue to offer a full spectrum of services that includes a variety of financial education programs, credit counseling and repair, and homeownership and foreclosure prevention services and products, such as down payment assistance programs as well as realty services. VCCDC specializes in meeting the financial capability needs of underserved populations. We continue to identify gaps in services through evaluation of our current programs and partner interviews, which currently support development of specialized programs for the unbanked, female single-head-of-household, and veterans.

VCCDC’s exponential growth and success is due to its people. VCCDC is made up of people with a deep, personal desire to make the world a better place to live and who are willing and ready to take on this challenge. Our Board of Directors includes experts in banking, realty, and lending, as well as community representatives who are passionate about ensuring wealth equity and opportunity. As a CDFI and HUD approved counseling agency, VCCDC services are provided by skilled, dedicated staff – licensed professionals and certified homeownership counselors who tailor services to support a customer’s unique financial circumstances and goals.

We are exceptionally proud of our heritage and the accomplishments we’ve achieved over the past 15 years. We also know that we’re just getting started, and the next 15 years are going to be even more exciting! We look forward to celebrating this special milestone with you at our 4th Annual Homeownership Fair on Saturday, June 25th!

15 Years Anniversary_v3

Eventbrite - VCCDC 4th Annual Homeownership Fair "Changing Lives Through Homeownership"

 

Para registrarse para el evento o para más información en español haga clic:

Eventbrite - VCCDC - 4a Feria Anual para Compradores & Dueños de Casa

 

 

(Click on image to enlarge)

Writer & Biologist, Rene Corado, to be Key Note Speaker at 4th Annual Homeownership Fair

Rene CoradoImagine having to dig through trash to find a bite to eat… This was the harsh reality that writer and biologist Ren Corado had to face during his childhood in Guatemala. Rene started working as a shoeshine boy at 8 years old in order to help provide for his family but when that wasn’t enough he would have to beg for food or even compete with stray dogs for scraps of food in the town’s dump. Living around poverty and limited options for a brighter future gave him the determination to search for a better life. He came to California in 1981 alone, not knowing any English, and with only a sixth grade level of education but a heart full of dreams. He worked different jobs as a gardener, painter, dishwasher, cook, house cleaner, welder, wallpaper installer, etc. He started working as a gardener in a museum and enjoyed seeing the work conducted by the biologists who worked there. With the support of the museum’s director Rene started night school to pursue a degree in Biology. He is now an ornithologist (branch of biology which studies birds) and the Collection Manager at the Western Foundation of Vertebrate Zoology, the museum with the largest collection of eggs and nests of bird of the world.

RenEl Lustrador Covere is the author of the book “El Lustrador” (Shoeshine Boy) in which he tells us about his life story and the many obstacles he faced to achieve his dream of a better life. Rene hopes that this book will inspire people to achieve their dreams like he did.

“If you believe that your life is too hard, read my book and see how hard I worked, started on zero, never gave up and at the end I achieved my dream. It is a story of hope.” – Rene Corado

Hear more about Rene’s story at our 4th Annual Homeownership Fair!

Avoid Credit Repair Scams

Credit Repair Scams – How to Actually Repair Your Credit

If you have a poor credit rating, the promises made by credit repair companies, to provideReverse-Mortgage-Counseling clean credit histories and access to fresh lines of credit, may seem like a dream come true. Unfortunately, these offers are too good to be true and may leave you in even worse shape than when you started. Here are some of the critical facts you should know about credit repair scams.
Fraudulent credit repair companies often:

  • Demand payment upfront;
  • Fail to explain your legal rights;
  • Instruct you to provide inaccurate information to credit reporting agencies or lenders;
  • Dispute accurate information on your credit report; and
  • Tell you not to contact or respond to credit reporting agencies yourself.

Companies offering “new credit identities” often charge a fee for what they call a “credit profile number” or “credit privacy number”. These companies will instruct you to apply for credit using this new number. These numbers are often either stolen Social Security Numbers (SSN) or fraudulently obtained Employer Identification Numbers (EIN). Using a fraudulent SSN or EIN is a federal crime and you could be held responsible. Penalties may include steep fines or possible jail time.

(source: http://connect.legalshield.com)

The process of improving your credit score takes time and effort, but it can be done. With help from a VCCDC counselor you can take the necessary steps to a financially stable future. VCCDC’s counselors will give you a detailed analysis of your credit report so that you understand what everything on it means. They can also help dispute inaccurate information on your credit report. They may also help you negotiate payment or settlement agreements for outstanding debts and assist you with creating a household budget to pay these debts. Call VCCDC today at 805-273-7800 to make an appointment with one of our counselors!

VCCDC Hosts Financial Family Well-Being Summit

VCCDC, in collaboration with the Federal Reserve Bank of San Francisco, hosted a special event last Wednesday, February 24th to initiate the dialogue and lead the formation of a new cross-sector collaborative in Ventura County aimed at increasing the number of households that are asset-secure through innovative partnerships, programs and policies that reduce economic insecurity by building financial stability and success.  With over 60 participants from different sectors including non-profit organizations serving low-income families, affordable housing providers, financial institutions, local government, housing authorities, education and health sectors the summit was a successful start to the collaborative that VCCDC is eager to form. The first panel, which was centered on family financial well-being at the State and Federal level, was moderated by Leilani Barnett, Regional Manager, Community Development at the Federal Reserve Bank of San Francisco. The panelist were Laura Choi, Senior Research Associate, Community Development, Federal Reserve Bank of San Francisco, and Carol Rodriguez, Chief Program Officer, National Association for Latino Community Asset Builders headquartered in Texas.  The second panel moderated by Laura Cabrera, Director of Program Development & Administration, VCCDC,  discussed family financial well-being at the local level with panelists Jack Hinojosa, Chief Operations Officer, Child Development Resources of Ventura County, Marsha Bailey, Founder & Chief Executive Officer, Women’s Economic Ventures and the Small Business Loan Fund of Santa Barbara, and Everardo Gutierrez Rivera, M.S., Professor and Counseling CARE/EOPS, Oxnard College.

The Family Financial Well-Being summit was the start to a community collaborative which will integrate services and formalize partnerships between different service providers with the purpose of increasing the financial well-being of families in Ventura County.

 

Tax Identity Theft Awareness Week – January 25th – 29th, 2016

tax-idtheft-logos-horiz-dates

It’s Tax Identity Theft Awareness Week — Are You Ready?

Ready for tax season? If you haven’t heard about tax identity theft, you may not be.

This week is Tax Identity Theft Awareness Week. Tax identity theft happens when someone files a phony tax return using your personal information — like your Social Security number — to get a tax refund from the IRS. It also can happen when someone uses your Social Security number to get a job or claims your child as a dependent on a tax return. Tax identity theft has been the most common form of identity theft reported to the Federal Trade Commission (FTC) for the past five years.

Tax identity thieves get your personal information in a number of ways. For example:

  • someone goes through your trash or steals mail from your home or car
  • imposters send phony emails that look like they’re from the IRS and ask for personal information
  • employees at hospitals, nursing homes, banks, and other businesses steal your information
  • phony or dishonest tax preparers misuse their clients’ information or pass it along to identity thieves

So what can you do about it? To lessen the chance you’ll be a victim:

  • file your tax return early in the tax season, if you can, before identity thieves do
  • use a secure internet connection if you file electronically. Don’t use unsecure, publicly available Wi-Fi hotspots at places like coffee shops or a hotel lobby
  • mail your tax return directly from the post office
  • shred copies of your tax return, drafts, or calculation sheets you no longer need
  • respond to all mail from the IRS as soon as possible
  • know the IRS won’t contact you by email, text, or social media. If the IRS needs information, it will first contact you by mail.
  • don’t give out your Social Security number (SSN) or Medicare number unless necessary. Ask why it’s needed, how it’s going to be used, and how it will be stored.
  • get recommendations and research a tax preparer thoroughly before you hand over personal information
  • if your SSN has been compromised, contact the IRS ID Theft Protection Specialized Unit at 800-908-4490
  • check your credit report at least once a year for free at annualcreditreport.com to make sure no other accounts have been opened in your name

What if you are a victim? Tax identity theft victims typically find out about the crime when they get a letter from the IRS saying that more than one tax return was filed in their name, or IRS records show they received wages from an employer they don’t know. If you get a letter like this, don’t panic. Contact the IRS Identity Protection Specialized Unit at 800-908-4490.  Visit IdentityTheft.gov, the federal government’s one-stop resource to help you report and recover from identity theft. You can report identity theft, get step-by-step advice, sample letters, and your FTC Identity Theft Affidavit. These resources will help you fix problems caused by the theft.

More information about tax identity theft is available from the FTC at ftc.gov/taxidtheft and the IRS at irs.gov/identitytheft.

Unfortunately, tax identity theft isn’t the only way scammers are targeting taxpayers. The FTC has gotten thousands of complaints about IRS imposters who claim people owe unpaid taxes and will be arrested if they don’t pay up. They may know all or part of your Social Security number, and rig caller ID to make it look like it’s really the IRS calling. Before you can investigate, you’re told to put the money on a prepaid debit card and tell them the number — something no government agency would ask you to do.

If you owe — or think you owe — federal taxes, call the IRS at 800-829-1040 or go to irs.gov. IRS workers can help you with your payment questions. The IRS doesn’t ask people to pay with prepaid debit cards or wire transfers, and doesn’t ask for credit card numbers over the phone. When the IRS contacts people about unpaid taxes, they usually do it by postal mail, not by phone. Report IRS imposter scams to the Treasury Inspector General for Tax Administration (TIGTA) online or at 800-366-4484, and to the FTC at ftc.gov/complaint.

Ventura County Community Development Corporation

Congratulations to our 2015 CASH Graduates!

Since its inception in 2011, the Creating A Stable Home (CASH) Financial Coaching Program has been able to assist its participants increase their financial knowledge and confidence, apply that financial knowledge and establish healthy financial behaviors by reducing debt, increasing credit scores, increasing savings and increasing net worth through the purchase of high-return assets such a home, small business or post-secondary education.  VCCDC recently celebrated the graduation of its fourth CASH class with a ceremony where we enjoyed good food, music, and inspiring stories

The fourth graduating CASH class was small but MIGHTY! During the 12 month program the twelve graduates were able to drastically improve credit scores, increase savings, and reduce debt. Through their hard work and with the assistance of VCCDC’s Financial Coach, Gabriela Santana, the 2015 graduates were able to:

  • Reduce debt by more than $33,000
  • Increase savings by more than $66,000
  • 63% of the graduates were able to increase their credit scores, with 180 points the highest single increase
  • 82% of the graduates increased their income helping them to meet their savings and debt reduction goals

When ask how VCCDC’s CASH program has made a difference in their lives, our graduates responded:

“I am a single mother of 3 and I have always played it safe to create a stable environment for me and my family. But this program has taught me to think bigger and outside the box and that I can make real change in my life.”

“The CASH Program has helped realize that my goal of homeownership is close and attainable. It has also helped keep me on track of my savings”.

“It provided me a live sounding board for my fears, concerns, and misconceptions regarding credit and its effect o my long term goals.”

“This class gave us the confidence to save what we can and set realistic goals. For the first time in my life I am not worried daily about money and we are sticking to our savings goals! I also gained confidence to live my life and follow my passion by going back to school for my Master’s degree in Psychology.”

“VCCDC gives people a lot of the resources they need to understand debt, savings, and how to be smart with the money they have. I’ve gained tremendous knowledge and confidence to move forward with my financial goals!”

“I was able to save $16,000 in the course of the CASH class. This is a great beginning towards my goal of retirement.”

VCCDC warmly congratulates the 2015 CASH Financial Coaching Program Graduates! We wish you much happiness and success in everything that you do!

VCCDC Featured on the News!

VCCDC was featured on local news channels KEYT – KCOY – KKFX’s special news segment, “Real Estate Realities”. Watch VCCCDC Lending Director, Alex Vega, talk about the pre-approval process & the advantage of working with a HUD Certified Counselor.

Watch News Clip

Breathing easier after job loss…

When Ms. Blair lost her job she was not sure how she would make ends meet. One of her biggest worries was her mortgage payment. She reached out to VCCDC for assistance and met counselor Albert Dominguez. Albert helped Ms. Blair apply for the Keep Your Home California (KYHC) Unemployment Mortgage Assistance (UMA) Program.  Under this free mortgage-assistance program, homeowners who have lost their jobs and are eligible for unemployment benefits from the state Employment Development Department can receive as much as $3,000 per month for up to 18 months.  Ms. Blair was approved for the UMA program and is now receiving the much needed assistance she was looking for. Now, she can focus her attention on finding another job rather than worry about her monthly mortgage payment. “Thank you so much for everything. Just wanted to let you know how much I appreciate everything you’ve done. It really means a lot”

 

Somdet Blair

 

Taking the first step with the right team!

Before coming to VCCDC Chris was not very sure if he was mortgage ready but he decided he would make an appointment with VCCDC REALTOR, Josie Lopez, anyways. He’s glad he took that first step! With Josie’s help and guidance he decided that the best next step to take would be to meet with Gabriela “Gaby” Munoz in the counseling & education department to find out where exactly he stood with his credit. After thoroughly reviewing his credit, savings, and income (all the areas which lenders focus on when qualifying a potential homeowner) with Gaby he learned he is mortgage READY! He has no issues with his credit, his income is solid and his savings are growing. Chris has begun his homeownership journey with a great support system in Josie and Gaby. He is looking forward to holding the keys to his very own home very soon!

Client Quotes - Chris O. 7.1.15

Check out our new photo album – VCCDC’s 3rd Annual Homeownership Fair!

VCCDC’s 3rd Annual Homeownership Fair Photo Gallery:

Thank you to our 3rd Annual Homeownership Fair Event Sponsors!

VCCDC would like to thank the following event sponsors for helping us make the 3rd Annual Homeownership possible:

Exito (Success) Sponsors:

Logo - Pacific Oaks     Logo - Union Bank

Esperanza (Hope) Sponsors:

Bank of America - Enterprise Stacked MS Office     Logo - Boston Private Bank    Logo - Pacific WesternLogo - Rabobank

 

Logo - US Bank

 

Sueño (Dream) Sponsors:

citi-co_2c-blu_pos_rgb FinanceOfAmerica_LogoLogo - MJP Technologies     Schneiders & Associates Logo

 

 

VCCDC client saves her home and finds peace again…

“I continue to live in my home which is the greatest happiness for me and my family. Thank you VCCDC!” – Adriana Gomez, VCCDC Home Preservation Client

After a decrease in hours at her job and the tragic loss of two family members, Adriana Gomez, felt lost and overwhelmed.  Mrs. Gomez was always short on money and would have to come up with ways to earn extra income, such as holding car washes, just to make ends meet.  She remembers the gut-wrenching feeling from always having to tell her 3 kids “no” when they asked for something because she just couldn’t afford it. After falling behind 2 months on her mortgage she decided to look for help and in September 2014 she found VCCDC through a referral from her lender. She worked with foreclosure prevention counselor, Albert Dominguez, who helped her gather all the necessary documents to submit a loan modification packet to her lender. Throughout the next 6 months Albert  mediated on her behalf with the lender and worked to keep her documents updated at all times.

“Albert helped me by explaining everything in detail and in my language. Whatever doubt I had he answered clearly.”2404_465

Finally in March 2015 Mrs. Gomez was granted a loan modification which lowered her payment and allowed her to finally have peace in her life again.

“Having my loan modified has brought many good changes to my family. We are now more calm paying a lower mortgage payment.”

Mrs. Gomez no longer has to find ways to come up with extra income because she can afford her mortgage payment once again. Now when her kids ask her for something she can enjoy their smile when she says “yes” and to her that is priceless.

Alex Vega es Invitado Especial en “La M” 103.7 FM

Alex Vega, Director de Servicios de Prestamos Hipotecarios de VCCDC, habla con Elizabeth Taylor en la estacion de radio “La M 103.7 FM” acerca de los servicios de prestamos de VCCDC y la asistencia de enganche que ofrecemos. Escucha Aqui

Alex Vega, Director of Lending Services, speaks to Elizabeth Taylor on “La M” 103.7 FM regarding VCCDC’s lending services and down payment assistance programs. This interview is in Spanish please click the link below to read a translation of this interview.

Summary of Interview – Alex Vega with Elizabeth Taylor 1

 

Alex Vega resized 2

 

El Pescador Fundraiser for Making Cents for Life Program

Buy gift certificates to El Pescador in Fillmore from our VCCDC office and help out our Making Cents for Life Program! MCFL is a matched savings account program for high school juniors and seniors. Students who complete the program will be matched $3 dollars for every $1 dollar they save, up to $750, for a combined total of $1,000 in savings. Funds generated from these accounts go towards an educational goal, such as college tuition, books, the purchase of a computer, etc. For more information about the Making Cents for life program click here.

El Pescador YIDA Fundraiser Flyer - GM 1.22

El Pescador Gift Certificate Rules

VCCDC sets a date for its 3rd Annual Homeownership Fair

For more than 13 years Ventura County Community Development Corporation (VCCDC) has worked to keep the dream of homeownership alive in Ventura County.  VCCDC is passionate about helping people reach their goals and therefore will always strive to fulfill its vision which is “To be regarded as the leader and trusted source in providing home ownership services for our community, where individuals and families are empowered to reach their highest potential, while placing our client’s best interest at the core of everything we do.”

In an effort to keep the American Dream alive and in celebration of National Homeownership Month, VCCDC will be holding its 3rd Annual Homeownership Fair on Saturday, June 6th, 2015. Stay tuned for updates as the date approaches!

Event Information

 

We are seeking a Mortgage Loan Specialist to join the VCCDC team!

VCCDC offers a diverse, collaborative, and challenging environment in which to work. Join us in making a difference in the lives of families and individuals in Ventura County. Apply for the Mortgage Loan Specialist position today!

See Job Description

VCCDC’s 2nd Annual Homeownership Fair featured in Vida Newspaper

Ventura County Community Development Corporation (VCCDC) hosted its 2nd Annual Homeownership Fair on Saturday, June 28th, 2014. The event celebrated National Homeownership Month and highlighted VCCDC’s continued efforts to promote the benefits that homeownership has on families and on the community as a whole. The Homeownership Fair, co-sponsored by the City of Oxnard Affordable Housing and Rehabilitation Division, also included a ribbon-cutting ceremony to celebrate the grand opening of VCCDC’s new Home Ownership Center located at 2231 Sturgis Road, Suite A in Oxnard.

Read more: http://www.vidanewspaper.com/Editions2014/2014-07-24/Vida-07-24-14-SecB.pdf

-www.vidanewspaper.com

Jumping for joy!

The dream of homeownership coming true, captured in one picture…

“Thank you to the entire VCCDC Team – and especially to those we got to work with often – Dusty, Alex, Marisol, Alberto, & Gabriela. You cared about us. You educated us every step of the way. You got us into our first home! Don’t ever stop doing this important work.” – Tom, Llewellyn, and Ebbett

Congratulations to Tom, Llewellyn and little Ebbett on the purchase of their first home! May your new home become a very special place where all your dreams grow.

Tom, Llewelly, & Ebbett

 

 

 

 

 

Check out the photo album from VCCDC’s 2nd Annual Homeownership Fair & Grand Opening Celebration

Thank you to everyone who joined us to celebrate the grand opening of VCCDC’s Home Ownership Center & the 2nd Annual Homeownership Fair! It was a success thanks to your participation!

2014 VCCDC Homeownership Fair featured in the Ventura County Star

Oxnard, Ca. – The process of buying a home can be daunting to first-time buyers. So the Ventura County Community Development Corporation celebrated a move to its new Oxnard office by offering its second homeownership fair Saturday with mortgage lenders, home inspection companies and other experts who can help people navigate the process.

Read more: http://www.vcstar.com/news/local-news/oxnard/oxnard-housing-fair-helps-buyers-navigate-buying-process_51950926

– www.vcstar.com

VCCDC to celebrate its 2nd Annual Homeownership Fair & Home Ownership Center Grand Opening Celebration

Press Release, June 2014: VCCDC 2014 Homeownership Fair – Press Release

 

 

Dream Come True!

E. Taylor

No tengo Palabras para agradecerles todo lo que hicieron por mí.  Son un equipo  de profesionistas  Excepcionales, son mi nueva familia me robaron mi corazon me dieron no solo un lugar para vivir exactamente como yo la soñé me ayudaron en todos los  aspectos. Sentí que el mejor equipo de profesionales trabajo solo para ni. Nunca tendré suficiente tiempo en mi vida para agradecerles. VCCDC debe de estar bien orgulloso de tener un equipo como ustedes. Le pido a mi dios que me los cuide y les de todo lo que los hace felices. Yo no tengo para pagarles tantas atenciones  y mi felicidad.

Elizabeth Taylor

How to find a real estate agent that’s right for you

How to find a real estate agent that’s right for you…

VCCDC Strategic Plan 2011-2013

VCCDC dba CCL& R Strategic Plan 2011-2013 (PDF 1.1MB)
Effective, February 2014, VCCDC is no longer using Cabrillo Community Lending & Realty as it DBA.

VCCDC acquires new property in Port Hueneme

The VCCDC Realty division has just acquired a beautiful 3 bedroom plus 2 bathroom condominium in Port Hueneme for its Acquisition & Rehab program. The A&R program is designed to stabilize communities by acquiring and repairing REO properties and thereby, creating an inventory of safe and healthy homes for first time home buyers. VCCDC Realty specializes in servicing first-time homebuyers and sellers across Ventura County and is the only full-service, non-profit real estate brokerage in Ventura County. The 1,128 square foot unit boasts beautiful granite counter tops, travertine floors, new carpets in bedrooms and is close to the Naval Base, marina, shopping and restaurants.

Call the VCCDC Realty Team today to set up an appointment for a private showing of this property: 805-273-7803.

Port Hueneme

A thank you note from a happy client…

Testimony - J. Gonzalez

J. Gonzalez – 2014

Making dreams come true one family at a time…

Testimony - M. Luna

M. Luna
April 2013

Average US 30-Year Mortgage Rate Falls to 4.21 Pct

WASHINGTON May 8, 2014 (AP)

Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan declined to 4.21 percent from 4.29 percent last week. The average for the 15-year mortgage eased to 3.32 percent from 3.38 percent.

Read more: http://abcnews.go.com/Business/wireStory/average-us-30-year-mortgage-rate-falls-414-23824485

A BIG thank you to Mrs. Brinkman

“Education is the most powerful weapon which you can use to change the world.”
Nelson Mandela

Because of VCCDC’s commitment to education and the Business Academy at Channel Islands High, generations to come will benefit!  I truly try to education not only my student’s minds, but their hearts as well and VCCDC’s generosity warms my heart. It truly has been an honor to partner with such an outstanding company for so many year.

A BIG thank you to Mrs. Brinkman for her unwavering dedication to her students & the Making Cents for Life Program… 

“Teachers plant seeds that grow forever”…

Ventura County Community Development Corporation (VCCDC) is so grateful for one of its most dedicated partners, Beryle Brinkman, not only for the strong partnership they share but for her many years of service as a teacher at Channel Islands High School in Oxnard. Mrs. Brinkman enjoys making a difference in her students’ life through her Work Experience classes and the Business Academy program.  The partnership between VCCDC and Mrs. Brinkman began 8 years ago through the Financial Literacy Program, which has expanded to the Making Cents for Life Financial Coaching Program for Youth.  The Making Cents for Life program encourages local youth to develop personal finance skills by providing them with a savings accounts matched at a 3:1 ratio by VCCDC.  The savings generated from these accounts go to support their educational goal, such as college tuition, books, the purchase of a computer, etc. The collaboration between VCCDC and Mrs. Brinkman’s junior and senior classes as well as the generous grant support from various partners has made the Making Cents for Life program a complete success. VCCDC has been able to award more than $50,000 in scholarships to students who have moved on to pursue higher learning at universities such as UC Santa Barbara, Cal State Northridge, and UC Irvine.  Mrs. Brinkman’s commitment to the Making Cents for Life program is proof of her love and dedication to the youth of our community.  Now it’s time for Mrs. Brinkman to kick up her feet and enjoy retirement to the fullest, she deserves it!

Mrs Brinkman

Mrs. Brinkman and her 2013-2014 Business Academy classes.

Congratulations to the CASH Financial Coaching Program 2014 Graduates!

Congratulations to the CASH Financial Coaching Program 2014 Graduates!

On March 20, 2014 Ventura County Community Development Corporation celebrated the graduation of 15 of its CASH participants. The Creating A Stable Home (CASH) financial coaching program combines financial education and coaching to help individuals reduce debt, increase savings, and improve credit scores.  The twelve month CASH curriculum is designed to assist individuals establish healthy financial behaviors by working with a trained Financial Coach who assists them in setting goals, creating and following an action plan, and providing the tools necessary for the participants to meet their desired financial goal. The Financial Coach not only provides the tools necessary for participants to meet their goals but also provides the much needed accountability and support to help participants stay on track and stay motivated.  These graduates worked hard to accomplish their financial goals despite the many obstacles that life tossed at them and we truly admire their perseverance and hard work!  Some of the highlights for this year’s graduating class were:

  • As a whole, the class was able to reduce their debt by $34,682.00! That is an average debt reduction of more than $2,300 per graduate in the short span of 12 months.
  • During the course of the 12 month program the class was able to save $16,354.00 as a whole! This is a huge accomplishment as the program only requires participants to save $50/month or $600/year so this class was very motivated and went beyond what was required, saving an average of $1,090 per participant!
  • 72% increased one or more of their FICO scores, with the highest increase going from not having a FICO score to a score of 690!

Equipped with the proper education, tools, and motivation from their CASH Financial Coach, Gabriela Santana, our graduates were able to go above & beyond what they thought they were capable of doing.

Congratulations again 2014 CASH graduates! We are so proud of you and we wish you the best!

Learn how you may be eligible for a scholarship worth nearly $3,000 to participate in the next CASH session. You can place your name on our “CASH Interest List” by calling (805) 273-7800.

CASH

VCCDC becomes an approved Keep Your Home California provider

VCCDC becomes an approved Keep Your Home California provider and is ready to assist homeowners experiencing financial hardship…

Ventura County Community Development Corporation has been recently approved counseling agency for the Keep Your Home California (KYHC) program. Keep Your Home California is a free service for homeowners who have suffered a financial hardship, to help them stay in their homes, maintain an affordable mortgage payment and avoid foreclosure. The four assistance programs that fall under KYHC are: the Unemployment Mortgage Assistance (UMA) provides mortgage assistance of up to $3,000 per month to qualified unemployed borrowers, the Mortgage Reinstatement Assistance Program (MRAP) provides funding of up to $25,000 to help qualified homeowners catch up on their mortgage payments, the Principal Reduction Program (PRP) helps eligible homeowners who owe more than their home is worth by paying down the principal balance of their mortgage in order to allow for a more affordable payment, and finally the Transition Assistance Program (TAP) which assists eligible homeowners who are undergoing a short sale or deed-in-lieu transition into affordable housing.  If you are experiencing a financial hardship and would like to meet with one of our certified counselors to assess your eligibility for any of the KYHC programs please call (805) 273-7800 to make an appointment.

Ventura County foreclosure activity posts monthly rise

By Stephanie Hoops

Foreclosure filings in Ventura County ticked up slightly in March from the past month, market researcher RealtyTrac reported Wednesday.

The filings, however, remained down from a year earlier and appeared to be continuing on the decline seen in the past several months.

There were 255 foreclosure filings in the county last month, down 7.6 percent from 276 in March 2013, according to the Irvine-based real estate research firm. That total comprised 127 default notices, 81 scheduled auctions, 38 bank repossessions and nine notices of pending claims on properties.

Read more: http://www.vcstar.com/news/2014/apr/09/ventura-county-foreclosure-activity-posts-rise/#ixzz31MkQGxLs
– vcstar.com

VCCDC is awarded $1.5 million in CalHome funds…

VCCDC is pleased to announce that it has been recently awarded $1.5 million in CalHome funds by the California Department of Housing and Community Development (HCD) for its first time homebuyer program. CalHome funds are offered on a competitive basis to government entities and non-profit housing organizations that provide affordable home financing and home repair programs to lower-income households in California. These funds will allow VCCDC to assist more than 45 families and/or individuals in Ventura and Santa Barbara that are at or less than 80% of the area median income (adjusted for household size) whose dream it is to become homeowners. The CalHome loan can be used for down payment, closing costs, or both and is secured by a third trust deed, has a term of 30 years, and bears a deferred interest rate of 3%. If you are ready to make your dream of homeownership a reality this year call VCCDC today at 805-273-7802 to see about qualifying for the CalHome Loan and VCCDC’s other down payment assistance programs!

calhome-funds