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NALHFA Member Spotlight: Home At Last—A Program of Nevada Rural Housing Authority

Posted By Administration, Friday, June 15, 2018
Updated: Thursday, June 14, 2018

During its 2018 Annual Conference, NALHFA presented the Nevada Rural Housing Authority with the Single-Family Excellence award in recognition of Home At Last™. This innovative program provides a customizable and robust set of homeownership options for rural Nevadans.

 

From homelessness to homeownership, the Nevada Rural Housing Authority (NRHA) has been getting Nevadans home since 1973. Their mission is to promote, provide, and finance affordable housing opportunities for all rural Nevadans. Home At Last provides a wide variety of services ranging from statewide homebuyer education workshops to covering pet adoption fees so homeowners can adopt a pet from a local shelter.

 

The Home At Last program analyzes the barriers homebuyers face, across the nearly 110,000 square miles of rural Nevada, and makes adjustments to what the program offers in order to meet the needs of most low to moderate income homebuyers. Some of these innovative initiatives include the following.

 

Manufactured Housing

In 2017, Home At Last opened the door to manufactured home financing for HFA programs nationwide by working with U.S. Bank on an agreement with Fannie Mae to purchase loans with “Ineligible” findings after an increase to 105% combined-loan-to-value (CLTV) caused loan processing delays with Desktop Underwriter.

 

“HAL Pals” Pet Adoption

Home At Last recently launched the “HAL Pals” Pet Adoption program that provides homebuyers with down payment assistance and pet adoption. By offering a pet adoption fee to prospective homeowners, the “HAL Pals” program promotes responsible pet ownership that begins with adopting a homeless pet from a local shelter and brings a key benefit to homeownership as many renters are unable to adopt pets due to lease restrictions.

 

Homebuyer 101 Workshops

Like many places in the country, purchasing a home has many challenges due to lack of affordable housing inventory, market demands, and strong buyer competition. The Home At Last homebuyer workshops provide prospective homebuyers with comprehensive education to help them successfully transition from renter to homeowner, and learn how to navigate the complex homebuying process. Home At Last, in collaboration with Lender and Realtor partners, provides expert guidance through Homebuyer 101 workshops, offered in both English and Spanish, throughout Nevada.

 

Options for Homebuyers

Home At Last also provides a robust number of options for homebuyers, including exclusive features for veterans and multiple enhancements tailored for rural homebuyers. These programs are designed to benefit homebuyers, lenders and real estate agents, especially as the region faces a significant spike in housing costs.

 

“NRHA’s focus is to remove barriers to homeownership,” said Gary Longaker, NRHA executive director. “The staff at NRHA is doing just that by opening doors to help thousands of families in rural Nevada achieve their homeownership dreams. We are honored that NALHFA recognizes the mission-driven passion and accomplishments of the agency and its dedicated staff.”

 

Congratulations to NRHA for their outstanding work on the Home At Last program!

 

Does your organization have a success story to share? Email NALHFA Policy Director, Heather Voorman at hvoorman@nalhfa.org.

 

 

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