Habitat for Humanity Detroitis proud to announce the renewal of our partnership with Flagstar Bank. Flagstar Bank recently invested in the Habitat mission by providing funding for theHabitat Homebuyer Readiness and Financial Education programming. This programming includes direct service to our clients and members of the community through one-on-one counseling and our Habitat 101 educational classes. A wide range of topics associated with homeownership and financial literacy are covered with clients and class attendees. Through this program, we aim to serve not only those who are currently part of the Habitat Detroit programs but also the Detroit and Wayne County community at large.
Habitat Detroit’s programming provides an opportunity for low-and moderate-income individuals and families to receive financial education and support to achieve their financial goals. Habitat Detroit supports a population that is often overlooked and underserved, where many individuals do not properly utilize many banking and financial products available to them. With support from lenders like Flagstar Bank we can work to bridge the gap for those that are unbanked, underbanked, or have sub-prime credit and work to link them to the financial mainstream, which provides better quality financial products.
Our existing program was enhanced with the introduction of the Habitat 101 classes in 2020 as a response to the number of applications that we received that were ineligible for homeownership due to poor credit or other financial issues. Through this program, participants are given tools to increase their financial literacy and to improve their overall financial situation while also learning to navigate the intricacies of homeownership.
The overall goal of the Homebuyer Readiness and Financial Education programming is to help Detroit area families achieve their dreams of becoming first-time homebuyers while setting them up for long-term financial success. We are thankful for the generous support of our partners at Flagstar Bank who are investing not only in our programming but also in the future of Detroit.
