ICF program results

Down Payment Assistance - Highlights

Photographs by Andy Snow

Up to a 20% equity contribution in the form of down payment assistance
Minimum borrower contribution
Counseling through HomeOwnership Center required
Up to 80% Loan-to-Value ratios
30 year fixed rate amortization
Borrower income at or below 200% of HUD Area Median Income for Montgomery County, Ohio
Using $437,686.56
Closed 30 loans, providing housing for 72 people
Average amount of assistance $14,589.55
Total value of homes purchased $2,356,376.00
Equates to 538% return on every dollar invested
Majority of loans in 45426 - Trotwood
90% of loans to people of color, 10% to Caucasians
9 different local lenders
Majority of loans through Wright Patt Credit Union

Critical Home Repair/Rehabilitation - Highlights

Partner: Dayton Ohio Habitat for Humanity
Special emphasis on reaching seniors and veterans to provide extensive interior or exterior work to alleviate critical health, life and safety issues or code violations.
Repairs are made using grants, backed by a five year silent subordinate mortgage, 100% of which will be forgiven after 60 months. Homeowners who are at or below 200% of AMI are eligible to receive assistance.

Vickie McGuire Trotwood, OH Bathroom in severe disrepair, holes in floor and walls, unable to use bathtub
	before	after

House Repair/Rehabilitation - Highlights

Partner: Rebuilding Together Dayton
Targeted to existing single family owner-occupied homes who are at or below 200% of AMI.
Repairs are made using grants, backed by a five year silent subordinate mortgage, 100% of which will be forgiven after 60 months.

Jackie Shells Dayton, OH Slab house. Water backing up into HVAC vents in floor – need new HVAC, and vents relocated to attic from crawl space
	before	after

Accessibility Modification - Highlights

Partner: Rebuilding Together Dayton
Targeted to existing single family owner-occupied homes with residents who are at or below 100% of AMI, and are disabled or elderly and need modifications to their homes to enable them to age in place and to more fully use and enjoy their residence.
Repairs are made using grants, backed by a five year silent subordinate mortgage, 100% of which will be forgiven after 60 months.
Examples include the installation of aluminum modular ramps for people who use wheelchairs, bathroom modifications, and installation of grab bars, etc.

George Martin Dayton, OH Roof leaking, in severe disrepair
	before	after
Dayton, OH Holes in roof, gutters and downspouts in need of replacement
	before	after

Wesley Community Center – Capacity Building

Partner: Wesley Community Center
To strengthen the Wesley Community Center and help move the Center forward in its mission to the community.
For the past 47 years, Wesley has served the West Dayton community and the Miami Valley with the mission of “Helping Others through God Centered Principles.” The Center has earned the reputation as a reliable, committed, faith-based organization that cares for families and individual experiencing personal crises.

Wesley Capacity Building - Highlights

Funds to construct handicap accessible restrooms
Funds for a new roof for the entire facility
Repaving and sealing of the parking lot
New logo and signage
Majority of loans in 45426 - Trotwood

ICF Quality of Life Grants

MVFHC solicited applications from non-profit organizations, neighborhood associations, social or fraternal organizations, or other unincorporated groups for Quality of Life Projects in 45417 and 45426.
Examples include:

modifying a vacant lot into a pocket park or urban garden;
public arts projects such as murals promoting diversity, civil rights or fair housing;
neighborhood beautification projects;
or other new, innovative projects

Eligibility

Organizations that are tax exempt under Section 501(c)(3) of the Internal Revenue Code
and for this program only, to neighborhood associations, social or fraternal organizations, or other unincorporated groups that may not have a formal structure or tax exempt status, are consistent with the MVFHC’s mission and target the funding purpose for this program

$75 Gift Card enabled youth (ages 17 and under) to purchase a combo pass redeemable for use of the fitness area, aquatic passes, fitness classes, karate classes, swimming lessons, camp fees, or athletic programs.
MVFHC distributed 239 gift cards for a total of $17,925

Weaver Street Tot Lot