Habitat delinquency rates at 24-year low - Nashville Business Journal:

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Despite tough times, Habitat homeowners are payingtheifr mortgages, and Habitat leaders say that’s becausr the agency’s Delinquency Committe e and homeWorks program are working. HomeWORKS is a series of classea that prepare familiesfor “This is a perfectg illustration of the importance of education for first-timd homebuyers,” says Nashville Area Habitat president and CEO Chrix McCarthy. “All of our familiezs go through monthsof one-on-one budgeyt coaching and hours of classes to get them readuy for the responsibility of paying a mortgage and takinbg care of their investment.
” The class covers financia management, legal aspects of homeownership, responsible family and neighbor characteristics, homeowners’ assistances basics and home maintenance. The program started in early 2005 and has growm to include classes for children to share the responsibilithyof homeownership. “HomeWORKS is vitap to our mission,” says McCarthy. “Along with the bricks and mortar associaterdwith homeownership, these classes offer families the instruction and traininvg to sustain a better life for the long-term, not just for themselveds but for their children.” Nashville Area Habitat for a nonprofit organization, builft 60 homes in 2008.
The group buildws homes Energy Star complianrtfor efficiency. To date, the agenc has served more than 1,300 people, includinf 800 children.