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� e <br /> Anticipated Results: To provide credit counseling, financial planning and public seminars <br /> making approximately 50 families financially capable of home <br /> Ownership. <br /> Rationale: Programs that prepare persons for homeownership provides opportunity to <br /> increase the number of home owners in the community. An increase in <br /> home owners in the community will help with the stabilization of <br /> neighborhoods. The counseling process is one tool used to accomplish <br /> this. Approximately 20 percent of applicants applying for mortgage <br /> assistance programs actually close on a single family home. Some persons <br /> that apply have credit or other financial problems preventing them from <br /> being considered eligible for financing. With appropriate support, a larger <br /> percentage of persons could achieve home ownership. Decatur now has <br /> two agencies, Consumer Credit Counseling (CCC) and Community <br /> Investment Corporation of Decatur(CICD), which are HUD-Certified for <br /> home buyer counseling and provide home buyer counseling services. <br /> HOME OWNERSHIPlCOUNSELING PROGRAMS <br /> Pro ram A enc /Fundin Source Allocation <br /> CICD Homebuyer Counseling Program(50+ CICD $15,000 <br /> households) HUD $31,573 <br /> Consumer Credit Counseling Service of Central Nat'1 Foundation for Credit <br /> Illinois (200 households) Counseling Funds $24,172. <br /> Predatory Lendin Grant $6,766. <br /> Total $77,511 <br /> Homeownership Priority 3: Improve existing housing conditions for low/moderate <br /> income homeowners. <br /> Anticipated Results: Rehabilitate or improve 10 units of owner occupied housing within <br /> taxgeted areas in the Olde Towne Redevelopment Area and adjacent to the <br /> Neaz North Redevelopment Area over the next twelve months. Assist <br /> approximately 32 additional households with roof and porch repairs, using <br /> DCDF funds and CDBG funds. Assist 10 households with emergency <br /> housing needs and 190 households with weatherization improvements. <br /> Rationale: The costs of maintaining housing have grown. Elderly and low/moderate <br /> income individuals are often challenged with the ability to absorb those <br /> costs. As a result, housing deterioration and declining stock is occurring. <br /> Programs targeted to this priority group will prevent further decline of the <br /> housing stock, support crime prevention, energy efficiency, and assist <br /> households with emergency housing needs that they cannot afford. <br /> Targeting the City's CDBG and HOME-funded housing rehabilitation <br /> programs will provide a more visible and productive effect on <br /> neighborhoods being revitalized through other programs (the Near North <br /> 8 <br />