Join HAND’s Homebuyers Club: 2024 Dates Now Available
Bloomington, INDIANA — The City’s Department of Housing and Neighborhood Development (HAND) is set to host an empowering series of Homebuyers Club sessions in 2024. These sessions, spanning five different periods throughout the year, are specifically designed to guide prospective homeowners in the community, particularly focusing on those who are buying a home for the first time. The classes are particularly beneficial for individuals whose income is at or below 80 percent of the area median income (AMI). The overarching goal of these sessions is to enhance the accessibility of homeownership for a broader segment of the community.
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HAND’s initiative doesn’t stop at education. Income-qualified residents who complete a Homebuyers Club session and are in the process of purchasing a home within the city limits may be eligible for significant assistance with downpayment and closing costs, courtesy of HAND.
Mayor John Hamilton of Bloomington highlighted the increasing challenges of home purchasing in the current economic climate. “In today’s market, buying a home can seem like an unattainable dream for many in Bloomington,” he said. “The HAND Homebuyer Club, along with our down payment and closing cost assistance program, represent key efforts by the City to make housing more affordable. I strongly encourage our residents to seize this chance to learn how they can turn the dream of homeownership into a reality.”
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The Homebuyers Club sessions are comprehensive and cover a wide range of topics essential for prospective homeowners. These include:
- Assessing if homeownership is the right choice for you.
- Creating a household budget and a strategic plan for buying a home.
- Developing a savings strategy, addressing credit issues, and exploring credit repair options.
- Navigating the process of working with a realtor and choosing the right home.
- Understanding the critical role of home inspections and home valuation.
- Learning about various mortgage options and finding the best fit.
- Emphasizing the importance of comprehensive home maintenance to protect your investment.
- Utilizing community and neighborhood resources effectively.
- Exploring various funding assistance options available at local, state, and federal levels.
Each Homebuyers Club session is structured over two consecutive Saturdays. The first Saturday runs from 9:00 a.m. to 4:00 p.m., and the second Saturday from 9:00 a.m. to 1:00 p.m. Attendance on both Saturdays is mandatory for completing the Club. The scheduled dates for 2024 are as follows:
- January 20 and 27 (registration now open)
- April 13 and 20
- July 13 and 20
- September 21 and 28
- November 9 and 16
The Homebuyers Club is open to all community members at no cost. However, due to limited class sizes, pre-registration is required. Registration typically opens about a month before each session. For those interested in the January session or seeking more information about the down payment and closing cost assistance offered by HAND, please visit bloomington.in.gov/housing/home-buyers-club. This opportunity is a valuable resource for anyone in the community looking to navigate the complexities of home buying and take a significant step towards homeownership.
