Category: News || By Staff and Wire Reports
New Homeowner Credits MVI's Help: Sticking to a plan developed through the Mon Valley Initiative's Housing Counseling Program and participating in a savings program helped create another new homeowner.
"Before I visited MVI, I'd heard there were special programs to help people buy a house but didn't know which ones I could use," says Catherine Sovari, who began her transition from "renter" to "homeowner" in June 2008 when she met with Mike Mauer, a housing counselor at Homestead-based MVI.
MVI will hold its next Homebuyer Education Learning Program workshop on Nov. 21 at the organization's office, 305 E. 8th Ave., Homestead.
Mauer says his initial review including an examination of Sovari's credit report. He found out that she was eligible for several loan programs targeted to working-class homebuyers. Sovari also qualified for what's called a "match savings" program.
"Essentially, they provide participants with limited incomes not only financial education, but additional money that can be used for a home purchase," Mauer says.
In Sovari's case, she earned $1 for every $1 she deposited, and accumulated nearly $2,000 over the past year. Mauer says she also qualified for the Pennsylvania Housing Finance Agency's Keystone Home Loan PLUS program, which offers assistance in meeting down payments and closing costs.
"I'm proof that if you want a house, there's a plan out there to help you get it," says Sovari, who closed on her new house near McKeesport Area High School last week.
The pre-purchase housing workshop on Nov. 21 runs from 9 a.m. to 4 p.m. All participants who successfully complete the curriculum receive a certificate which enables to them to obtain community-development mortgage loans from local lenders. Breakfast and lunch will be provided at the workshop. Registration in advance is required.
MVI is also working on new home construction in Braddock, Homestead, North Braddock, Turtle Creek and Rankin, Mauer says. For more information about new housing, housing counseling or other related programs at MVI, call (412) 464-4000 or visit the MVI website.
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'Student for a Day' at Penn State: High school seniors are invited to Penn State's campus in McKeesport next Thursday to be a "student for a day."
Beginning at 9:30 a.m. in room 119 at the Frable Conference Center on the Greater Allegheny Campus, participating students will have the opportunity to sit in on a college class, engage with current students, experience the Digital Commons, enjoy lunch with a Lion Ambassador and explore the campus. Students who complete an application to Penn State will have the $50 application fee waived.
Students should bring an official high school transcript. For more information, call (412) 675-9010.
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China, Globalization Subjects of Talk: Douglas Guthrie of New York University's Stern School of Business will speak at Penn State Greater Allegheny at 11 a.m. Monday as part of the campus' 2009-10 Teaching International program.
Guthrie's talk is entitled "China and Globalization: The Economic, Political and Social Transformation of Chinese Society."
NYU's Daniel P. Paduano Faculty Fellow and a professor of management, Guthrie's recent books include Dragon in a Three-Piece Suit: The Emergence of Capitalism in China.
For more information, visit Penn State's website.
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