Homesight

“The draft form 990 is provided to all members of the executive board for review prior to filing. If timing allows, questions may be raised at a board meeting prior to filing; if not, the cfo is available to answer any and all questions.”

“The board and employees complete a conflicts of interest statement annually.”

“The board periodically reviews the top official's compensation using survey data to make modifications as necessary.”

“The management team periodically reviews the top official's compensation using survey data to make modifications as necessary, and budgeted salaries are subject to board approval.”

“The financial statements are included in homesight's annual report that is available to the public. Other governing documents are available upon request.”

“Homesight creates affordable homeownership opportunities through its homebuyer education and lending, and real estate development programs. These programs primarily serve low and moderate income, first-time homebuyers in seattle, king, pierce, and snohomish counties. Homesight is a community development financial institution, certified by the us department of treasury, and is a washington state licensed consumer loan company”

“Complete the remodel and expansion their community center kitchen that was begun in the previous year. Homesight also continues to manage the rehab and replacement of mobile homes in a low-income senior community in partnership with the housing authority of snohomish county. Homesight will continue its partnership with the king county housing authority in 2017, managing the construction of 5 single family homes in the greenbridge community.”

“Limited assistance loan resources and the growing gap between family incomes and home prices. It offers assistance loans funded by public and private investments to package highly competitive amortizing or deferred second loans and deferred third loans for low and moderate income homebuyers. This structure allows homesight to eliminate the requirement for private mortgage insurance for its clients, and increase the buying power of low and moderate income first-time homebuyers. During 2016, homesight's first-time homebuyer education and lending programs created 106 first-time homebuyers in this market. The revolving loan fund will be extended state-wide beginning in 2017. -- in 2015, homesight became a correspondent 1st mortgage lender to the washington housing finance commission and a local community bank. Homesight originates loans with its capital primarily for subsequent sale to these lenders. Through these channels homesight provides quality, low-downpayment options and more flexible case-by-case underwriting that allows many mortgage-eligible customers to access credit that would not be available to them otherwise. -- homesight began offering a new layer of financing in the form of forgivable down payment assistance loans with 4 million awarded through the neighborhood lift program. These are loans of up to 7,500, forgiven over three years for buyers up to 100% of median income in king county. Homesight plans to expand this program into pierce and snohomish counties in 2017. -- in 2016, homesight completed the fourth year of the washington homeownership stability fund in partnership with the washington state housing finance commission. With 5.4 million in capital from the washington attorney generals national mortgage settlement this program provides critically needed emergency loans to homebuyers facing foreclosure. Homesight provides rescue loans to borrowers who are capable of sustaining homeownership if their loans can be reinstated before the foreclosure. Typically, these are deferred loans, with interest rates ranging from 0% to 2% interest, depending on the income.”

“Ensure that the seoc reflects the communitys need for a culturally relevant development that prioritizes equitable access to housing, education and employment; 2) communities of opportunitya multi-year planning effort with more than 30 community based partners, funded by the seattle foundation, to identify policy and systems solutions to improve health, housing, and economic opportunity, and community connections in southeast seattle; 3) othello market stand a unique placemaking project transforming a lot that has been vacant for over 10 years into a community gathering space which promotes environmental and nutritional education through support of local farmers and makers.”