Your Path to Home Ownership
Location: Hosanna! Church Shakopee
Date: February 8, 2018 9:30 – 11:00 a.m.

Tom Christie, FISH Board Vice Chair, welcomed everyone to the meeting. There were 28 people present. FISH
stories filled in the past month were shared.
Sandy Wanner, Loan Officer with Associated Bank, has over 40 years of experience with home mortgages. She
commented that home ownership doesn’t always fit for everyone. She mentioned the cost of repairs, the
time it takes to sell, and the risk of foreclosure. She explained that bad credit can prevent people from getting
a loan. Things people have forgotten about, such as old cell phone bills or medical co-pays can show up on a
credit report. She explained how a Credit Builder Loan of $1,000 can improve a credit report. A bank issues
the loan but doesn’t actually disperse the funds. A person pays $40 per month over 25 months and ends up
with $1,000 at the end of the loan period to put towards the purchase of a home. Some people have
unverified income from tips or bonuses. Child Support income if it comes through the county is considered
more stable than if paid directly by the non-custodial parent. Banks can run bank statements on credit and
debit cards. She sees people with a good income and no savings, but a bank statement will show that they are
eating out 2 – 3 times a day.

There is a lack of affordable housing in Scott County. The average home price is $294,300 and the average
monthly rent is $1,800.
There are programs to help with costs. Scott County CDA has homebuyer education programs. Banks have
programs as well as other agencies. CDA can’t steer clients towards a certain lending institution; people will
need to inquire about these programs themselves.
Sandy provided many handouts that are included in this email.
Kristin Gilbert from Beacon Interfaith / Families Moving Forward explained that they are part of a collaborative
that works with faith congregations. Faith communities in Scott and Carver counties participate in housing
homeless families on a rotating basis. Beacon works with over 80 congregations in the metro area. Their
vision is that all people have a home. Homelessness is an issue in Scott County. Beacon is working to help
create affordable housing, work on policy issues and provide shelter through Families Moving Forward.
The collaborative has developed over 500 homes in the metro area. They recently received approval for
housing in Plymouth. They are in the process of making visits to communities and listening to congregations.
They would like to build something in Scott County.
Beacon offers tours of their buildings. They serve 75 families a year in Hennepin, Carver and Scott Counties.
Some of the families exit into housing. Claire DesHotels works with Carver and Scott families in shelter,
providing intensive case management. About 25 families a year are served locally.
Coming Events:

  • – 2nd Harvest food distribution on the second Thursday of each month at Friendship Church in Prior Lake
    – 5:30 – 7:30 p.m.

    • Scott County Community Development Agency has programs for people facing foreclosure and first
      time homebuyers. Call their office (952 402 9022) for more information.
      Your Path to Home Ownership
      Location: Hosanna! Church Shakopee
      Date: February 8, 2018 9:30 – 11:00 a.m.
  • Southern Valley Alliance for Battered Women has an ACES Conference sponsored by the HERO

Coalition on March 9. A flyer is posted on the FISH Home page. Their Jeans and Gems fundraiser will
be held this spring.
– The Neighborhood Health Connection grant promotes healthy eating and healthy living. St. Francis
Regional Medical Center is a part of this.
– The next FISH meeting will be Thursday, March 8 at 9:30 a.m. at Hosanna Lutheran Church in
Shakopee, featuring volunteer opportunities.

 

Jan 2018 50 x 30 2nd Thurs FISH PPT

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16049 Franklin Tr SE #104
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