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Education and Support Programs to Help You
Achieve and Sustain Homeownership
Hudson River Housing (HRH) is proud of the vast array of educational services that are outlined here. HRH has provided home
buyer education programs since 1998, and assisted hundreds of families in achieving the dream of homeownership.
In July of 2007, HRH opened the NeighborWorks HomeOwnership
Center of Dutchess County. Located at 291 Mill Street in
Poughkeepsie, the Center is a one-stop shop that provides all of the
services and training that customers need in one location to shop for,
purchase, rehabilitate, insure and maintain a home.
For future homeowners, whether you are in the process of buying your first home or haven't even started yet, we have
a program to assist you in achieving your goals. The journey towards homeownership has many variables and is different
for everyone. We will help you to assess where you are in the process and set a plan to carry you forward.
For current homeowners, whether your home is newly built or purchased from existing housing stock, we offer services
to help you sustain your investment. Owning a home can be very different from renting, and we want to help ease that
transition.
Hudson River Housing exists because we believe decent and affordable housing should be available to everyone.
We are committed to assisting our clients in obtaining the housing they so richly deserve, and to providing the
resources necessary to maintain that housing. Thank you for your interest in our homebuyer education programs. We
feel it would be an honor to assist you in the future.
COURSES & SERVICES
The Home Club
The Home Club is a nine-hour education and support program designed to assist first time homebuyers to overcome
barriers to, and become prepared for, homeownership. The classes meet one night per month and feature local experts
involved in the homebuying process.
THC Fast Track
This program is a time-condensed version of The Home Club, and is only available to individuals and families that
are currently in the mortgage process with a lender. Classes are offered over consecutive weeks, or one full day,
with material similar to The Home Club.
Credit Counseling
HRH offers one-on-one credit counseling for individuals and families in need of assistance in increasing their credit
score to pre-qualify for a mortgage.
Financial Literacy 101
This four-hour course is offered in a classroom setting over two
sessions. It is designed for individuals and families in need of
assistance in increasing their credit score to pre-qualify for a
mortgage and in need of assistance in budgeting their expenses to pay
down debts and/or begin saving for a down payment on a home.
The Federal Home Loan Bank of New York
First Home Club
The FHLBNY First Home Club is a systematic savings plan. The FHLBNY will match $3 for every $1 saved by the household
for a total match of up to $5,000. The household must commit to the plan for a minimum of 10 months and may use the
plan for a maximum of 30 months. The First Home Club is a program of the Federal Home Loan Bank of New York and is
only offered to households under 80% of the Area Median Income for the County in which they reside (HRH will determine
eligibility for you.)
The ABC's of Being A Landlord
This one-hour course is offered in a classroom setting to help future home buyers decide if they want to pursue
owning a multi-family home. The course is a basic overview of the rewards, risks and responsibilities of
being a landlord.
Landlord Training
This service is offered to anyone who is in the process of buying an owner occupied two to four family home.
The one-on-one session details different variables involved in becoming a landlord. Topics include finding
reliable tenants, taking care of business, maintaining the value of your property, and maximizing your tax advantages.
Post-Purchase Education
This eight-hour course is offered in a classroom setting over two sessions. It is designed for first-time
homebuyers who have recently purchased their home. The first session teaches the "nuts and bolts" of maintaining
your own home. Participants will be taught how to perform some basic maintenance and repair functions in and
around the house. The second session covers the "dollars and sense" aspects of maintaining your investment,
including re-adjusting your budget, refinance options and how to plan future home improvement projects.
Foreclosure Prevention Counseling
This service is offered one-on-one to any homeowner who would like help in managing their mortgage payments.
Counseling services include evaluating budgets and priorities, and exploring options to maintain your financial integrity.
There are no eligibility requirements to obtain the services
of the NeighborWorks HomeOwnership Center of Dutchess County (NHC ofDC)
to educate you about the homebuying and/or homeownership process.
If you are interested in participating in one or more of the programs listed, please fill out the attached enrollment
form and credit authorization and return it to the NHC of DC.
When the NHC of DC receives your enrollment form we will obtain a copy of your credit report. Once your report is reviewed,
we will be in touch with you to set up an initial one-on-one consultation. Please allow up to four weeks for this process.
The Home Club is our most popular classroom course. The course is offered several times a year. NHC of DC staff will
help you determine when this course is most appropriate for you.
Mary F. Linge
Director of Home Ownership & Education
(845) 454-9288
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