Financial Management Services 2021
Community Action in Action
Homeownership and Financial Center in Action
Here’s how Northwest Michigan Community Action Agency provided support and information to our neighbors. In 2021, we were able to help our community achieve their individual financial goals through our Homeownership and Financial Empowerment programs. We’ve helped others reach their goals of housing, education, and small business assistance.
The Following is How Many individuals We Were Able to Help in 2021:
197 Individuals that participated in Financial Coaching achieved and maintained the capacity to meet basic needs for 90 days, out of those 145 completed all the requirements of Financial Coaching
93 Homeowners facing foreclosure retained their home or transitioned into affordable housing
197 Homebuyer Education and Pre-Purchase Coaching participants, 24 became new homeowners
13 IDA participants purchased a new home, enrolled in higher education, or started up/expanded a new business
779 Households received Emergency Utility Assistance and Energy Education
61 Individuals attended Homebuyer Education Workshops 74 Individuals attended Money Management Workshops
2,573 Households received Free Tax Preparation
2021 Free Tax Preparation Program Economic Impact $5,269,951 brought back to the community in federal and state refunds and credits
Client Testimonial
“During my time with NMCAA I have had the opportunity to not only utilize the Individual Development Program (IDA) account but also many of their budgeting, money management and self-sufficiency classes offered by their staff. Having those classes available to me was very beneficial to me in the homeownership purchasing process as they helped me understand budgeting, homeownership responsibilities as well as prepare me for the next step in my family’s journey towards owning our forever home.”
-Britney S. NMCAA Client
Super Saturday
Cold temperatures did not deter participation in our first ever drive through Super Saturday event in February 2021. Approximately 70 vehicles arrived to receive free tax preparation services, dental screenings provided by Northern Michigan Health Services, resource information, prizes, and lunch.
Client’s Story
Homeownership Becomes a Reality
Kasey Lilly joined the Individual Development Program (IDA) with the end goal of saving for a down payment towards her first home. Homebuyer Education classes and one-on-one budget coaching helped Kasey, a single mother, manage spending and savings to make sure that she provides the best for her children. She successfully saved for a down payment on a home within 6 months of being in the IDA program and purchased a home through Habitat for Humanity. Now Kasey and her children have a forever home for their family!
