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HomeMy WebLinkAboutLetter from David Ferrier regarding CHIP Fundraiser through Annr - r" ~ CHIP Communit~r Housing Improvement Program 100( Willow5treet Chico, CA 95928 530-891-6931 530-891-8547 Fax pear Friends: ~~ ~~~ U. ~ : ~~ 4~7 C O MGM U~N~i*T Y D R+i V E A Program o~.i\iorth Volley Community Fvurid'ation August 5, 2013 For 40 years, CHIP has been helping people help themselves. We'd like to share with you a story that illustrates how our housing and housing-related services has made a positive impact on people that live in our communities. Exactly a year after beginning credit counseling, Gina and her husband Javier fulfilled the last steps necessary to qualify for a home loan through CHIP's Self-Help Housing Program. Gina didn't think it was possible to ever own a home, but with the help of CH1P's Housing and Credit Counseling Program, she w,as educated about credit, how to improve hers and learned how she could eventually qualify for a home loan. Excited about the prospect of owning a home, she and Javier printed a floor plan from CHlP's website and posted it on their refrigerator next to her "action plan" from her credit counseling appointments. That floor plan was a powerful reminder of their goal to become homeowners and became Gina's "greatest motivation" when she had to make frustrating phone calls to collection agencies or sit down to write a letters to creditors. Their efforts to improve their credit have paid off. This summer, Gina and Javier will part of the first group of Self-Help homeowners to begin construction on their new home in Biggs, CA. What is so gratifying about this story is the high probability of suecessful homeownership for Javier and Gina. Prior to purchase, they attended CHIP's first time homebuyer workshop, where they became educated in the loan closing process, taxes and insurance and other homeownership responsibilities, and created a realistic budget that includes a savings plan for future repairs and maintenance. Their housing costs have become stabilized, and #hanks to a very favorable financing package, they can expect affordable payments for the life of their loan. In fact, their new housing payment will be lower than what they currently pay in rent! Gina and Javier are just one example of CHIP clients who have benefited from our credit counseling, first- time homebuyer training and Self-Help Housing Program. For 40 years, CHIP has assisted thousands of clients to rehabilitate or build their awn home; live in affordable rental housing communities; receive housing, credit counseling, and foreclosure prevention services; or participate in first-time homebuyer education workshops or resident services programs. In 2011, CHIP began fundraising in response to the reduction ar lass of many of our traditional funding sources. Through the financial support of Friends of CHIP, we have been able to continue providing much needed housing and housing-related services to our clients in CHIP's seven county service area. This is CHIP's third year participating in the Annie B's Community Drive through the North Valley Community Foundation tNVCF). Many of you who are reading this request for financial assistance were important donors to our early fundraising efforts; we are asking you again to donate to CHIP through this matching grant that is dedicated to strengthening local non=profits.: We welcome new friends of CHIP to make a donation to help better the lives of people in our communities. 100% of the funds raised for CHIP will allow us to continue providing healthy, sustainable, affordable housing and services to qualified residents in the North Valley. Imagine the impact your donation can have on families and individuals who wish to build their awn home, rent an affordable apartment or work on their credit! Won't you please donate now? Donations must be received by NVCF between August 1 and September 30 at 5 pm. Donations can be made by check, credit card, stocks or equity, real estate, or other personal property of value. For more detailed information, please visit www.nvcf.~ If donating by check, make it out to Annie B's~CHIP and mail to North Valley Community Foundation, 3170 Cohasset Road, Suite S, Chico, CA 95973. If donating by credit card please do so on line at www.nvcf.or~ or www.chiphousin~.or~ Your tax deductible donation to CHIP will help us continue to build over 30 self-help homes each year; provide housing, credit counseling and first-time homebuyer education to over b00 clients annually, and deliver resident services to 612 households at CHIP's 13 rental housing communities. With your financial assistance we look forward to another 40 years of helping people, help themselves. Executive Director CHIP Board of Directors: Joe Feist, President Irv Schiffman Victoria Stephenson Lori Hoffman, Vice President Joy Murphy Jill Harris Ed Mayer, Treasurer Luke Reimers Fong Lo Jan Camozzi, Secretary Mark Hooper Associate Members: Tom Barrett Dan Blair Harold Carlson Jacque Chase Tom Haithcock Fleet Irvine Susan Price Tom Lando Chuck Lundgren Mike McGinnis Denna Persell Paul Lieberum Tom Simenc John Turner Tami Ritter Ramona Flynn