Financial Literacy Workshop
The Financial Literacy Training provides five in depth classes on Basic Banking, Credit, Budgeting, Identity Theft, and Understanding Insurance. Basic Banking provides information on accounts available and the benefits of these accounts. Credit is an in depth look of what exactly is credit, how to attain good credit, and how to fix credit. Budgeting provides resourceful information on budgeting tools for the client as well as the household. Identity Theft illustrates the importance of keeping track of finances, what to do when you are a victim of identity theft and the different ways identity theft occurs. Understanding Insurance provides information on different insurances available to homeowners, what to look for when shopping for insurance and the importance of insurance. Click here to register.
Home Buyer Education Workshops
The home buyer workshop is a HUD certified workshop that provides first hand information from housing professionals. Participants will be provided information on the steps of the home buying process, access to their home buying team, and information on programs available to them, such as loan products and grant programs. Click here to register.
To attend a Home Buyer’s Educational Workshop you must be creditworthy and ready to move forward with the purchase of a home within 60 to 90 days of completing this workshop. AHA strongly recommends that you meet with a housing counselor in advance of registering for a workshop if you are unsure of your mortgage readiness. However, if you are sure of your status, please:
- Click here for an initial online Intake form. Please complete and submit the Intake form.
- Click here to register.
- There is a $45 fee payable in advance for each workshop ($55 for couples). We accept credit/debit cards or money orders payable to AHA. No checks, please.
Mortgage Default, Loan Modification and Loan Scam Alert Workshops
Mortgage Default, Loan Modification, and Loan Scam Alert workshops provide homeowners with the knowledge to protect themselves against loan modification scams.
- How to spot a scam and how to prevent becoming a victim.
- Options for struggling homeowners including how to apply for a modification and what to do if a modification is denied.
- Information on the foreclosure process in New Jersey and available options for residents affected by Hurricane Sandy.
Education for Individual Development Account
An individualized development account, or IDA, is a matching savings account program. For every dollar that you deposit into the account, you will receive one additional dollar. Each individual/household can receive matching funds up to $4,500 ($1,500/yr.). Participants must save for a minimum of 10 months before they can withdraw funds, and funds can only be used toward the pursuit of education/job training. Acceptable uses of IDA funds include:
For education/job training:
- Lab fees
- Registration/course fees
- Other costs associated with attendance
To qualify, candidates must:
- Be an individual household whose annual household income does not exceed 200% of the federal income poverty guidelines.
- Receive earned income and be employed for at least 20 hours per week.
- Not have an open or ongoing bankruptcy.
- Complete financial literacy training and asset goal specific education.
To successfully complete the IDA program and receive the matching funds, candidates must participate in 10 hours of financial literacy education. Current or former Temporary Assistance for Needy Families (TANF) recipients are encouraged to apply. To learn more about the IDA Program, contact the Affordable Housing Alliance and complete an intake by phone or online, and request an IDA application.