Trellis

Filing Period

Jan 1, 2012 to Dec 31, 2012

Signed

Apr 3, 2013

Return Version

2012v2.1

Gross Receipts

$6,936,960

Mission

Major Activities

Activity 2

Affordable housing development: nhs phoenix develops affordable single family homes in neighborhoods targeted for revitalization efforts by its board of directors. These development programs primarily focus on acquisition and rehabilitation of single-family homes for-sale which are mainly located in low to moderate income census track areas and are funded with governmental grants to subsidize the cost of development. Rehab construction standards exceed the minimum requirements of hud. The rehab construction standards seek to eliminate the need for major replacement or repair costs for homebuyers in the first five years of ownership. In 2012, nhs phoenix acquired 43 homes, rehabilitated 45 homes, and sold 28 homes.

Activity 3

Homebuyer education & counseling: all borrowers are required to attend an eight hour homebuyer education class on the process of purchasing a home and the responsibilities of homeownership. Classes are taught in english and spanish in a classroom setting or online. Clients who want to pursue homeownership are also provided individual counseling on assessing homeownership readiness, budget and credit issues, financing a home, shopping for a home, and maintaining a home and finances. A six hour financial literacy curriculum is also offered, but not required, to all clients to improve personal financial management skills. In addition, foreclosure prevention counseling is provided to existing homeowners who are experiencing financial difficulties. In 2012, nhs phoenix provided services to 3,650 families, created 280 first-time homeowners, and helped 1,224 families avoid foreclosure.

Filer

EIN

51-0152395