Skip navigation

 

 

 

 

 

 

 

 

 

Progress on the Single Room Occupancy Dwellings!

As the housing market soars so do rents and individuals who are on a fixed income like Veterans, Disabled, Youth Aging Out of Foster Care, and seniors and their choices for housing becomes greatly reduced. The average rent in our area starts at $1000 and goes up from there. The average person on Social Security Disability, or Social Security or a  stipend for rent (youth) make anywhere from $500-$1100 so many of these individuals are at risk of becoming homeless or are homeless because they don’t make enough money to rent anything.

Shared Housing is the only way to make the rent equation work, but who wants to live with people you don’t know? We found this out from our shared housing that we already rent. Getting along with people you don’t know and necessarily don’t want to know becomes an issue when someone’s habits that they have accrued over the many years get’s under someone else’s skin.

We looked at the Single Room Occupancy model four single room occupancy units under one roof. Each unit will have it’s own bedroom, Universal Design bathroom, and kitchenette. With a shared washer/dryer area, lounge and a case management office. This design allows each individual to stay in their own area with having minimal interaction with other housemates. The average rent for these units is $350 including utilities but not cable.

For more information or to get on the waiting list please call 239-689-4944 or send and e-mail regarding getting on the waiting list to: info@ahf.today, we look forward to hearing from you!

Share of U.S. Households without a Bank Account Continues to Drop
Unbanked Rate Declines to 6.5 Percent in 2017
For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released today by the Federal Deposit Insurance Corporation (FDIC).
“The good news is that our nation’s banking system is serving more American households than ever before. The bad news is that even as the overall number of people who are unbanked has declined, 8.4 million households continue to lack a banking relationship,” said FDIC Chairman Jelena McWilliams.
The percentage of U.S. households that were unbanked in 2017 the most recent year of the survey, was 6.5 percent, the lowest rate recorded since the FDIC began conducting the survey in 2009. It was down from 7.0 percent in 2015, and down significantly from a high of 8.2 percent in 2011. The unbanked numbers for 2017 equate to 14.1 million adults in 8.4 million households not having a checking or savings account.
The decline in the unbanked rate from 2015 to 2017 can be explained almost entirely by improvements in the socioeconomic circumstances of U.S. households.
The number of underbanked U.S. households was also down compared to 2015 levels. In 2017, 18.7 percent of U.S. households were considered underbanked, or approximately 48.9 million adults in 24.2 million households. For purposes of the survey, the term underbanked refers to households that had an account at an insured institution but also obtained financial products or services outside of the banking system.
Consistent with previous surveys, banking status in 2017 varied considerably across the U.S. population. For example, unbanked and underbanked rates were higher among lower-income households, less-educated households, younger households, black and Hispanic households, households headed by working-age individuals with a disability, and households with incomes that tend to vary from month to month.
Mobile banking continues to become an increasingly important way for consumers to access their accounts. In 2017, mobile banking was used by 40.4 percent of banked U.S. households to access their account, almost double the 23.2 percent four years earlier.
According to the survey results, 86.0 percent of banked households visited a bank branch in the past 12 months, and 35.4 percent visited ten or more times. This held true for households that used online or mobile banking as their primary means for accessing their accounts: 81.0 percent of banked households that used mobile banking as their primary method visited a branch in the past 12 months, and nearly one-quarter (23.0 percent) visited ten or more times.
Other key findings in the survey include:
• Nearly 13 percent of households (14.8 million households) demonstrated unmet demand for mainstream small-dollar credit, and a majority of these households (57.2 percent) reported staying current on bills in the prior year. The report notes that new underwriting technologies, such as those that rely on transactions in consumers’ checking accounts, could help expand credit availability for some of these households.
• One in five U.S. households (22.7 million households) did not use mainstream credit in the prior 12 months and, consequently, may lack a credit score. Black and Hispanic households at every income level evaluated in the survey were more likely to be in this condition than white households. The report notes that helping these households establish and build a credit history can make it easier for them to access credit on reasonable terms when a need arises.
• Along with 86 percent of banked households, almost one in six unbanked households visited a bank branch in the past year. The report notes that these visits may represent key opportunities to inform unbanked households about products and services that can meet their needs.
• While unbanked rates have fallen in recent years, those that remain unbanked have proven more and more likely to respond that they are “not very likely” or “not at all likely” to open a bank account in the next year (75.0 percent in 2017 versus 62.1 percent in 2013). This fact, along with evidence that certain population segments remain much more likely to be unbanked, suggests that strategies targeted at addressing barriers to bank account ownership for specific groups may help further reduce unbanked rates.
• The share of households reporting that they turned to nonbank firms in the last year for the provision of credit and transaction services tracked in the survey dropped to 22.1 percent, down from 24.0 percent in 2015 and 24.9 percent in 2013. The drop was evidenced in both the use of credit and transaction services.
The FDIC survey began in 2009 and is conducted every other year in partnership with the U.S. Census Bureau. It provides detailed national, state, and local data to inform understanding of access to banking and to support economic inclusion efforts.
Go to economicinclusion.gov for additional survey findings, to generate custom tables, and to download information from all five surveys. Data also is available for metropolitan areas and states.
Survey Results
###
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s banks and savings associations, 5,542 as of June 30, 2018. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center (877-275-3342 or 703-562-2200). PR-77-2018

The “Squirrels Nest” opened in 2016 with the goal that proceeds will help our Mission to help Veterans and Youth Aging Out of Foster Care.

All items in “The Nest” are donated items and are of great quality. We have a little of something for everyone, San Diego Hats, Baggalini  Purses, Jewelry, Books, CD’s all of music types, furniture, etc… Come by and see what we have to offer and help someone in need at the same time!  See you at The Nest!

Letter received from White House

Letter received from White House

Shopping on Amazon for a good cause

We have joined the Amazon Smile program. That means when you visit Amazon through the link on our site, a small portion of your purchase is donated by Amazon to Affordable Homeownership Foundation, Inc.

Shoppers can choose any of the organizations participating in the program when they shop, and half of one percent of the total will be donated to the chosen cause.

Small donations like this can really add up and make a difference, so please consider helping AHF by using Amazon smile through our link – just click through the Amazon Smile banner in the sidebar or footer area across our site.

Thank you!

main room and kitchen in home rehabbed by AHF
New home owners through the AHF Homes For Vets program, Errol & Joann Heath With Realtors Ken Falvey & Squire Wells.

New home owners through the AHF Homes For Vets program, Errol & Joann Heath With Realtors Ken Falvey & Squire Wells.

Errol and Joann Heath became new homeowners through the Homes For Vets Program when they closed on their new home in Cape Coral, Florida, rehabilitated and sold by Affordable Homeownership Foundation, Inc.

See pictures of the newly rehabbed property here.

AHF offers online First Time Home Buyer Education Classes through ehomeamerica.org

New Online Classes For First Time Home Buyers

Now you can learn all you need to know to buy your first home with more convenience than ever.

Affordable Homeownership Foundation, Inc, has selected eHomeAmerica.org to deliver online home buyer education classes to people in our area who would like to be thoroughly prepared to buy their own homes.

Online education classes allow you to set your own schedule and attend wherever you have internet access.

Learn how to:

  • Shop for a home
  • Secure a mortgage loan
  • Maintain your home

Announcing our newest program for Veterans – Homes For Vets

In partnership with Bank of America and the National Community Stabilization Trust, Affordable Homeownership Foundation, Inc. is working to provide low cost homes to U.S. Military Veterans who are disabled and/or low-to-moderate income.

This housing initiative provides eligible veterans with the opportunity to buy at a discount a renovated foreclosed home.

Learn more and download the application form here.