Current Status of the Webber-Camden Neighborhood Home Loan Programs

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Current Status of the Webber-Camden Neighborhood Home Loan Programs 

For many years the Greater Metropolitan Housing Corporation (GMHC) has been the administrator for WCNO Home Loan programs.  Early in spring of 2017 we received notice that there would be changes coming to that administration structure.  Those changes included a base fee per year of $2500 and an increase in the fee per loans provided. WCNO agreed to those terms to facilitate the services provided by GMHC.  The Housing Resource Centers were the “in the community provider” for the implementation of and primary contact for residents.

On June 26 we were informed by e-mail that the GMHC board of directors made the decision to shut down the Housing Resource Center program by the end of this calendar year.  What this means for the NRP loan and grant programs is:
1)  We will process all NRP applications that have already been submitted to us.
2)  We will continue to accept applications through July 31st  After July 31st we will not accept any additional applications.  So if you have a way to get the word out to your residents, this is the message to give them.
3)  We will not collect the $2,500 administrative fee.  We will collect the 13% fee on loans/grants closed.

I will keep you advised as we wrap things up throughout the remainder of the year.
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On Sunday, July 9th we received the following via email:

Good afternoon, I am sorry to write that we cannot continue to accept new NRP applications through the end of this month as I originally said. 

 

The Housing Resource Centers are already or will be closing!  The one most WCNO residents are familiar with is at 44th and Penn. The Home Loan programs for Webber-Camden Residents, including emergency loan funds and grants are no longer available.
We are working to expedite the release of all Webber funds currently held by GMHC at this time and to find a work around to accommodate emergency requests.

 

Please call the WCNO office at 612-521-2100 Monday, Tuesday, or Thursday from 10 am until 4 pm, or on Wednesday from 8 am until 2 pm.  You may also email info @webbercamden.org.