If you need assistance, please first contact our Member Services Department. The best way to get a response is to use the new 💬 LiveChat feature on our website.
In addition to the 💬 LiveChat you can contact us on:
THOUSANDS BEING APPROVED THROUGH VIRTUAL “ACHIEVE THE DREAM” EVENTS FOR NACA’S BEST IN AMERICA MORTGAGE
EVENTS CONTINUE TO ELIMINATE BARRIERS TO HOMEOWNERSHIP IN SPITE OF PANDEMIC LOCKDOWNS
(BOSTON– September 3, 2020) – Lakeisha Williams once thought she could never be able to afford a home of her own for herself and her daughters.
Instead, she obtained the Best Mortgage in America and became an Atlanta homeowner through a new, entirely virtual system that not helps to overcome the four barriers that commonly prevent low and moderate income and minority homebuyers from obtaining an affordable mortgage but also protects everyone involved during the Covid-19 pandemic.
Thanks to NACA’s Best in America mortgage program, Ms. Williams closed on her $340,000 Atlanta home on July 24th with an amazing 2.125% fixed interest rate. She knows first-hand the incredible benefits of the NACA purchase program and new virtual Achieve the Dream events. She began the NACA process in mid-May and she completed the counselling, underwriting, offer, application, approval and closing all online through the completely online Achieve the Dream process. https://vimeo.com/444344311
“I’m very grateful to not have to leave my home and to be able to speak to a lot of people. I’m just really thankful that Covid-19 didn’t stop my blessing,” Ms. Williams said about the entirely on-line experience. “I’m just so thankful to NACA for making my dream come true.”
NACA has accomplished one of the most innovative pivots done by any American business during the Covid-19 pandemic. NACA, the nation’s largest HUD certified non-profit, not only remained open and did not layoff or furlough any staff but has actually hired many additional staff to provide all of its housing counseling services to every part of America by virtual means. NACA reimagined its operations using its state-of-the-art technology to create an online version of its face-to-face Achieve the Dream events where thousands of homebuyers attend to become NACA Qualified (i.e. pre-approved) in one day for NACA’s Best in America Mortgage.
During the Covid-19 pandemic, thousands of low to moderate income and minority homebuyers are achieving the American Dream of homeownership thanks to NACA’s unequalled Best in America mortgage product. NACA is provides this mortgage with everyone receiving the following terms: no down payment, no closing costs, no PMI and a fixed below market interest rate (2.50% 30-year and 2.125% 15-year as of 9/3/20).
The NACA program is an unequalled opportunity for low to moderate income and minority homebuyers to achieve affordable homeownership. This is done by overcoming the four major barriers to affordable homeownership for those who have traditionally been locked out:
Barrier: High Savings Requirement
NACA Solution: No Down Payment & No Closing Costs
NACA is the most effective organization is overcoming systematic racism and reducing the wealth disparity gap. Over more than 20 years NACA has originated over 60,000 mortgages with 88% to minority borrowers. The foreclosure rate is one the lowest at 0.00012 (one-hundredth of one percent). NACA has $15 Billion committed to this one extraordinary mortgage with $10 Billion from Bank of America.
“While the NACA program sounds too good to be true,” states Bruce Marks NACA’s CEO and founder. “we have demonstrated that when you lend the right way on affordable terms borrowers make their mortgage payments. Now that we are in all fifty states, we will make the NACA standard the national standard.”
In the virtual Achieve the Dream format, the four-hour Homebuyers Workshop is conducted as a webinar, the documents (i.e. paystubs, bank statements, tax returns, etc.) are uploaded electronically into the homebuyer’s file, the two-hour counseling appointment with a NACA counselor takes place via videoconference, and NACA underwriters review the completed file and notify the homebuyer of their pre-approval or next steps toward qualification. From May 14th through July 21st NACA completed six virtual video four-day events, counseling homebuyers from 8:00 a.m. to often past midnight Thursday through Sunday, and are continuing every other weekend. Over 35,000 homebuyers have attended these NACA virtual Achieve the Dream events with thousands of homebuyers qualified for the NACA Mortgage.
Virtual Achieve the Dream events are presently scheduled through November. Dates and registration for the initial online Qualification Workshop and the Achieve the Dream events can be found on NACA’s website at www.naca.com
Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners. NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.
VIRTUAL “ACHIEVE THE DREAM” EVENTS CONTINUE TO ELIMINATE BARRIERS TO HOMEOWNERSHIP
(BOSTON– August 17, 2020) – During the Covid-19 pandemic, thousands of low to moderate income and minority homebuyers are achieving the American Dream of homeownership thanks to NACA’s unequalled Best in America mortgage product. NACA provides this mortgage with everyone receiving the following terms: no down payment, no closing costs, no PMI and a fixed below market interest rate (2.625% 30-year and 2.125% 15-year as of 8/13/20).
NACA has accomplished one of most innovative pivots done by any American business during the Covid-19 pandemic. NACA, the nation’s largest HUD certified non-profit, not only remained open and did not layoff or furlough any staff but has actually hired many additional staff to provide all of its housing counseling services to every part of America virtually. NACA reimagined its operations using its state-of-the-art technology to create an online version of its face-to-face Achieve the Dream events where thousands of homebuyers would attend to be NACA Qualified (i.e. pre-approved) in one day for NACA’s Best in America Mortgage. In the virtual Achieve the Dream format, the four-hour Homebuyers Workshop is conducted as a webinar, the documents (i.e. paystubs, bank statements, tax returns, etc.) are uploaded electronically into the homebuyer’s file, the two-hour counseling appointment with a NACA counselor takes place via videoconference, and NACA underwriters review the completed file and notify the homebuyer of their pre-approval or next steps toward qualification. From May 14th through June 21st NACA has completed six virtual video four-day events, counseling homebuyers from 8:00 a.m. to often past midnight Thursday through Sunday and are continuing every other weekend. Over 35,000 homebuyers have attended these NACA virtual Achieve the Dream events with thousands of homebuyers qualified for the NACA Mortgage.
The NACA program is an unequalled opportunity for low to moderate income and minority homebuyers to achieve affordable homeownership. This is done by overcoming the below four major barriers to affordable homeownership for those locked out affordable homeownership:
Barrier: Restrictive Underwriting based on Credit Score
NACA Solution: Character Based Lending without Consideration of Credit Score
Barrier: Racism & Biases
NACA Solution: Pre-Approval & Advocacy
NACA is the most effective organization is overcoming systematic racism and reducing the wealth disparity gap. Over more than 20 years NACA has originated over 60,000 mortgages with 88% to minority borrowers. The foreclosure rate is one the lowest at 0.00012 (one-hundredth of one percent). NACA has $15 Billion committed to this one extraordinary mortgage with $10 Billion from Bank of America. “While the NACA program sounds too good to be true,” states Bruce Marks NACA’s CEO and founder. “we have demonstrated that when you lend the right way on affordable terms borrowers make their mortgage payments. Now that we are in all fifty states, we will make the NACA standard the national standard.”
Lakeisha Williams of Atlanta knows the incredible benefits of the NACA program and the virtual Achieve the Dream events. She completed the counselling, underwriting, offer, application, approval and closing all through the virtual Achieve the Dream process. She began the NACA process in mid-May and closed on her $340,000 home on July 24th with an amazing 2.125% fixed interest rate. https://vimeo.com/444344311
“I’m very grateful to not have to leave my home and to be able to speak to a lot of people. I’m just really thankful that Covid-19 didn’t stop my blessing,” Ms. Williams said about the entirely on-line experience. “I’m just so thankful to NACA for making my dream come true.”
Virtual Achieve the Dream events are presently scheduled through November. Dates and registration for the initial online Qualification Workshop and the Achieve the Dream events can be found on NACA’s website at www.naca.com
Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners. NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.
We want to thank our members for their extreme patience over the last few weeks as we have had to close all NACA offices to the public and move to a work-from-home operational model during the pandemic.
During this time, local offices’ phone lines automatically rolled over to NACA Member Services, which became overloaded with thousands of phone calls. This caused members to have unavoidably long wait times to speak to a representative, for which we apologize.
However, we are thrilled to announce that as a first step toward getting our offices back open, our office admins and counselors are back to work in most local offices, meaning that calls to the local office will now be answered locally, eliminating the extreme wait times so many have experienced.
We invite our members to call their local NACA offices once again where applicable. This will allow you to both avoid and reduce the number of long waits to speak with a NACA representative.
Please note that all NACA appointments will still be conducted by videoconference for the foreseeable future. However, we are very happy to let you know that communicating with your local office by phone is an option once again.
INVITATION HOMES EXPLOITS TENANTS DURING PANDEMIC
CRISIS
AS THE
LARGEST LANDLORD OF SINGLE-FAMILY HOMES IN AMERICA, INVITATION HOMES IS NOT
PROVIDING TENANTS RELIEF AND IS RAISING RENTS
(BOSTON– June 2, 2020) – NACA, the largest non-profit HUD approved
housing counseling organization, is working with thousands of Invitation Home
tenants to organize and advocate for their rights. (click here for Invitation
Homes Tenant website)
The tenants and others have responded to a mass mailing NACA sent to over
80,000 Invitation Homes tenants. The overwhelming response from thousands of
tenants report having major issues, including extremely high rents, excessive
rent increases, arbitrary high fees, refusal to make even critical repairs and
other issues. This includes Invitation Homes’ shocking demand that even tenants
struggling financially because of the Covid-19 pandemic must make their rental
payment on time.
It is unconscionable to require rental payments and increase rents on tenants
who have been impacted by the pandemic crisis, and in many states it is
illegal. Instead, Invitation Homes minimizes costs and maximizes rents and fees
for the sole purpose of providing the largest possible returns to investors,
with no consideration of today’s unprecedented circumstances. In other words,
its profits come directly from tenant exploitation.
A previous corporate loan deal should have prevented these practices. In 2017
Invitation Homes financed $1 Billion in collateralized debt, with their
portfolio of houses as the collateral. The funding came from Wells Fargo, the
nation’s most notorious bank, still under government sanctions for its
predatory practices. In an unprecedented act, the financing was guaranteed by
Fannie Mae. Under the CARES Act, renters living in a property with a GSE-backed
mortgage are protected by a temporary eviction moratorium and other
restrictions. While this funding opened the door for even more predatory
activity against tenants, the deal also places the more than 80,000 homes owned
by Invitation Homes under federal government regulation, including the tenant
protections provided by the CARES Act.
Bruce Marks, NACA CEO, explains “Invitation Homes is a Wall Street predator.
Every single one of their 80,000 homes was owner occupied prior to the 2008
mortgage crisis. They are now using their mortgage power in their 16 markets to
exploit their tenants, add to the affordable housing crisis and raise housing
prices for homebuyers.”
Francisca and husband Steve Bello, are one of many Invitation Homes tenants who
have complaints about Invitation Homes. They say, “Invitation Homes has
increased our rent from $1,705 to $2,005. I am pregnant and both my husband and
I have lost our jobs due to the pandemic. We were hoping for some assistance
from Invitation Homes but they still required payment and they were only
willing to not charge us any late fees.”
With the help of NACA, thousands of Invitation Homes tenants are now reaching
out within their community to involve other tenants in advocating for their
rights. If Fannie Mae, Wells Fargo and Wall Street investors can enable
Invitation Homes to profit from tenant exploitation and worsen the affordable
housing crisis in this country, then the tenants, NACA and other advocates will
take action to fight this exploitation. The tenants have the power to protest,
withhold rent and work with political and community leaders to hold Invitation
Homes and its executives accountable. This turns the tables on Wall Street and
other investors who thought they could generate massive returns by creating a
dominant, greed focused single-family landlord.
NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)
Started in 1988, NACA is the largest HUD-Certified nonprofit, community
advocacy and homeownership organization in the United States. NACA has been the
forefront in fighting predatory lending and has been the most effective
organization in providing affordable solutions to over 250,000 homeowners. NACA
provides the best mortgage in the country through its 48 offices nationwide.
NACA’s founder and CEO Bruce Marks was named Bostonian
of the Year for 2007 because of his work in getting the major lenders
and servicers to modify home loans. He has also testified before Congress on
numerous occasions including September 12, 2000—being one of the few to sound
the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.
NACA IS PROVIDING EXTRAORDINARY
HOMEOWNERSHIP OPPORTUNITIES FOR LOW-TO-MODERATE INCOME AND MINORITY HOMEBUYERS
(BOSTON– May 20, 2020) – NACA, the largest non-profit
HUD approved counseling organization, is making mortgage history in overcoming
the obstacles of this pandemic. Over ten thousand low-and moderate-income and
minority homebuyers
participated in NACA’s first-ever virtual Achieve
the Dream event over four-days this past Thursday through Sunday. As
a result of the massive demand, additional four-day events are scheduled every week
through June.
During this virtual four-day
event, homebuyers throughout the country received comprehensive counseling and
education to access NACA’s Best in America Mortgage: no down-payment, no
closing costs, no fees at a below market fixed rate (3.125% 30-year and 2.375%
15-year as of 5/20/20). By making use of webinars, videoconferencing and electronic
document submission, homebuyers complete NACA’s qualification process in one
day. The homebuyer attends a Homebuyer Workshop, meets with a housing counselor,
and then has their file underwritten to be NACA Qualified to begin the housing search.
NACA Founder and CEO Bruce Marks
said, “The online Achieve the Dream events are going to change the mortgage
industry as we know it and make affordable homeownership available to more
people than ever before. Nothing like this has ever been done before in the
history of mortgage lending, especially at this scale. Even during the
pandemic, NACA is continuing to create new homeownership opportunities on a
massive scale while still protecting the health and safety of the participants
and staff.”
NACA, with $15 billion in mortgage funds, $10 billion from Bank of America, dedicated to this one extraordinary mortgage product. It overcomes the four major obstacles to homeownership for working people:
Obstacle: Significant Savings
NACA Solution: No Down-Payment & No Closing Costs
Obstacle: Unaffordable Terms
NACA Solution: Below market fixed rate (3.125% 30-year & 2.375 15-year as of 5/21/20)
Obstacle: Restrictive Underwriting
NACA Solution: Character-based lending with no consideration of credit score
Obstacle: Racism & Biases
NACA Solution: Pre-approval making the homebuyer desirable for R.E. agents, sellers and lenders.
Comments from just a few of the many people qualified at the virtual Achieve the Dream Event:
NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)
Started in 1988, NACA is the
largest HUD-Certified nonprofit, community advocacy, and homeownership
organization in the United States. NACA has been the forefront in fighting
predatory lending and has been the most effective organization in providing
affordable solutions to over 250,000 homeowners. NACA provides the best
mortgage in the country through its 48 offices nationwide. NACA’s founder and
CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major
lenders and servicers to modify home loans. He has also testified before
Congress on numerous occasions including September 12, 2000—being one of the
few to sound the alarm of the pending mortgage crisis. For more information,
please visit www.naca.com.
NACA
CREATES NEW MORTAGE LENDING STANDARDS AND OPPORTUNITIES
(BOSTON– May 20, 2020) –
Mortgage industry history was made over the past weekend as thousands of
homebuyers were counseled in the first of a series of massive virtual
homebuying events. NACA, America’s largest HUD certified counseling
agency, conducted the entirely online event in which buyers were given access
to NACA’s extraordinary mortgage: no down-payment, no closing costs, no fees at
a below market fixed rate (3.125% 30-year and 2.375% 15-year as of
5/19/20).
More than 7,500 people were
counseled during NACA’s first-ever virtual Achieve the Dream Event over four days, May 14-17. NACA made use of its
state-of-the-art technology to allow thousands of primarily low- and
moderate-income homebuyers to access NACA’s Best in
America mortgage program to buy a home with the best terms
in the country. Many were NACA Qualified (i.e. pre-approved) the same day, all
without leaving the comfort and safety of their homes.
By making use of webinars, videoconferencing and electronic
document submission, homebuyers were able to complete NACA’s process to be
qualified for NACA’s unequaled mortgage product. The virtual Achieve the Dream
event used the same four basic steps as their live Achieve the Dream events
conducted across the country the past two years. During the virtual event,
homebuyers:
Attended an online version of NACA’s Homebuyer Workshop to learn
how the NACA program works and to learn how to become NACA members.
Uploaded required documents to their NACA file.
Met with a NACA counselor by videoconference to review readiness
for homeownership and an affordable payment.
Met with a NACA underwriter by video conference or phone to be
NACA Qualified (i.e. pre-approved) or their next steps.
NACA, with $15 billion of this
outstanding mortgage, uses character-based underwriting instead of credit
scores to qualify buyers. As a result of the phenomenal success of the
first event, additional events are scheduled through May with more coming in
June to meet the greater-than-expected demand.
Comments from just a few of the many people qualified at the
virtual Achieve the Dream Event:
NACA Founder and CEO Bruce Marks said, “Just as with our live
events, our counselors and underwriters were staying until one o’clock in the
morning to make sure every single person was helped. Nothing like this has ever
been done before in the history of mortgage lending, especially at this scale.
Even during the pandemic, NACA is continuing to create new homeownership
opportunities on a massive scale while still protecting the health and safety
of the participants and staff.”
Registration for the second and third virtual Achieve the Dream
Events May 21-24 and May 28-June 1 is already full, and the series will be
continued well into June.
Bruce Marks continued, “The online Achieve the Dream Events are
going to change the mortgage industry as we know it and make affordable
homeownership available to more people than ever before. Even more homebuyers
will now have the opportunity to take advantage of the unbeatable terms of the
NACA program and do so on a scale never seen before.
Information and registration for
Homebuyer’s Workshops and the Achieve the Dream Events are on www.naca.com.
NACA (NEIGHBORHOOD ASSISTANCE
CORPORATION OF AMERICA (www.naca.com)
Started in 1988, NACA is the
largest HUD-Certified nonprofit, community advocacy, and homeownership
organization in the United States. NACA has been the forefront in fighting
predatory lending and has been the most effective organization in providing
affordable solutions to over 250,000 homeowners. NACA provides the best
mortgage in the country through its 48 offices nationwide. NACA’s founder and
CEO Bruce Marks was named Bostonian
of the Year for 2007 because of his work in getting the major lenders
and servicers to modify home loans. He has also testified before Congress on
numerous occasions including September 12, 2000—being one of the few to sound
the alarm of the pending mortgage crisis. For more information, please
visit www.naca.com.
DESPITE PANDEMIC, THOUSANDS ATTEND HOMEOWNERSHIP EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE
COUNTER TO “CONVENTIONAL WISDOM”, WORKING PEOPLE IN
HUGE NUMBERS ARE ENGAGING IN THE HOMEBUYING PROCESS
(BOSTON– May 16, 2020) – Starting
Thursday May 14th NACA, America’s largest HUD certified counseling
agency, is conducting a series of massive four-day virtual homebuying events.
NACA is changing the face of mortgage lending nationwide by counseling
thousands of homebuyers each day and providing access to an extraordinary
mortgage: no down-payment, no closing costs, no fees at a below market fixed
rate (3.0% 30-year and 2.375% 15-year as of 5/14/20). While
lenders are tightening their underwriting, NACA, with $15 billion of this
outstanding mortgage, uses character-based underwriting to qualify buyers
instead of credit scores.
These
virtual Achieve the Dream Events will take advantage of NACA’s
state of the art technology to allow thousands of primarily low and moderate
income homebuyers to access NACA’s Best in America mortgage
program to buy a home with the best terms in the country. Many will get NACA
Qualified (i.e. equivalent of pre-approval) the same-day, all without leaving
the comfort and safety of their homes.
NACA’s
technology allows homebuyers to submit all necessary documents electronically
and meet with a NACA counselor via teleconference creating a virtual
environment. NACA provides comprehensive
counseling and access to the NACA mortgage to thousands of homebuyers over the four-day
event. Additional events are scheduled
through May with more coming in June to meet the tremendous demand.
NACA Founder and CEO Bruce Marks said, “The virtual Achieve the Dream
Events allow us to maintain the unprecedented success we created with our live
Achieve the Dream events and transfer it into an entirely online environment.
This not only allows NACA to continue to create new homeownership opportunities
on a massive scale, but to also make every event a nationwide event instead of
a local or regional one, all the while protecting the health and safety of the
participants and staff. It’s all hands-on deck for our team. Nothing like this
has ever been done before in the history of mortgage lending, especially at
this scale.”
NACA’s will have more than 250 counselors from coast to coast participating
in the events, which means homeownership counseling will be happening on a
scale not seen since NACA’s historic “Save the Dream” events during the
mortgage crisis. Advance registration for the first week’s event is already at
capacity of over 7,500 homebuyers, and the following weeks are filling rapidly.
The virtual Achieve the Dream events will have the same four basic
steps:
Attend
an online version of NACA’s Homebuyer Workshop to learn how the NACA program
works and to learn how to become NACA members.
Upload
required documents to their NACA file.
Meet
with a NACA counselor to review readiness for homeownership and an affordable
payment.
Meet
with a NACA underwriter to be NACA Qualified (i.e. pre-approved) or their next
steps.
Bruce Marks continued, “These events will not only give homebuyers the
continued opportunity to take advantage of the unbeatable terms of the NACA
program but do so on a scale never seen before in American history. The
online Achieve the Dream Events are going to change the mortgage industry as we
know it and make affordable homeownership available to more people than ever
before.”
Information and registration for Homebuyer’s Workshops and
the Achieve the Dream Events are on www.naca.com.
NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)
Started in 1988, NACA is the largest HUD-Certified
nonprofit, community advocacy, and homeownership organization in the United
States. NACA has been the forefront in
fighting predatory lending and has been the most effective organization in
providing affordable solutions to over 250,000 homeowners. NACA provides
the best mortgage in the country through its 48 offices nationwide. NACA’s
founder and CEO Bruce Marks was named Bostonian
of the Year for 2007 because of his work in getting the major lenders and
servicers to modify home loans. He has also testified before Congress on
numerous occasions including September 12, 2000—being one of the few to sound
the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.
Here is a quick update on how the COVID-19 crisis is
affecting NACA operations and how you can continue to move forward toward your
American Dream of homeownership during this time.
While nearly all NACA offices are open and running at this point in time, they remain closed to the public during the pandemic to protect the health and safety of our members and staff.
All counseling appointments are being conducted as scheduled,
but continue to be done online as a videoconference through the GoToMeting
app. Members will be advised by email a
few days before the appointment on how to access the appointment online.
Many of our staff members are working from home. This does make communications with them
somewhat more difficult as they are not at their office desk and therefore
cannot answer their office phone.
Therefore, please communicate with your counselor by email whenever
possible, unless specifically instructed by your counselor otherwise.
Likewise, please do not email your counselor more than once per day with a specific topic or question. Doing so only serves to further clog up an already full mailbox and will likely result in only delaying the response you are seeking.
We have developed new techniques for helping you get through the process as completely and efficiently as possible during the remainder of the pandemic. One example is the ability for our members to now sign their bank application electronically, saving one more trip and helping to maintain social distancing.
While closings still require an in-person meeting, our
offices and partnering title firms and closing attorneys have devised some effective
and sometimes very creative ways to conduct the closing while maintaining the safety
of all concerned.
While some cities, counties and states are starting to announce plans to begin phased reopenings of their economies, there are no dates set as of yet for any NACA offices to reopen to the public. Likewise, there are no dates yet for the return of our Achieve the Dream events, though it is clear it will be August at the very earliest , if that soon, before it will potentially be safe for our staff to get back on the road.
In lieu of the live ATD events we are developing the idea of
a series of virtual ATD event in the weeks ahead. We hope to combine the best
elements of the live events with the advances we have made in virtual workshops
and video-conferenced counseling sessions to conduct large-scale pre-approval
events. We will provide more information
as we develop the concept and begin to make plans.
With many NACA staff members presently working from home,
many local office phones are automatically rolling over to NACA Member Services.
This is creating a very large backlog on the Member Services lines, resulting
in abnormally long wait times. Please remember
as noted above to contact your counselor via email wherever possible. This will
reduce the number of unnecessary calls rolling over to Member Services, thus
reducing their backlog and enabling them to better assist all of our members.
Like so many of you, we are more than ready for our lives to return to something close to normal but understand that we must continue to practice social distancing and other safety procedures to ensure that we beat the COVID-19 virus for everyone’s sake. In the meantime, we must all find an extra measure of patience and tolerance, understanding that this crisis affects us all, whether or not we come into direct contact with the virus. Be assured that NACA is continuing to work every day, continuing to fight for economic justice and helping you reach your American Dream of affordable homeownership.
Today, April 15th, is if
course the traditional income tax filing deadline in the United States, which
also makes it the day copies of your tax return for the year must be submitted
to your NACA file. We have received
several questions regarding whether the extension to July 15th
granted because of the pandemic also means the deadline to submit the return to
NACA has also been extended.
Technically, yes, the NACA deadline has also been extended. Waiting to file and submit though is absolutely NOT a good idea.
Here’s the 4-1-1. Nobody ever
deliberately waits to get their refund, so that means anyone who is taking advantage
of the new deadline to delay filing is almost certainly someone who knows they
are going to have to pay the IRS this year, just like the people who file a Form
4868 (Automatic Extension of Time to File).
Therefore, the same thing applies as if you filed a 4868. If you owe the IRS money, your file will be suspended until such time as the tax debt is paid. Waiting to file in hopes of “slipping it past us” is a disastrous idea for several reasons. Realistically, there is no excuse for everyone to not get filed right away if you haven’t done so already. If you owe the IRS, get your return filed and get them paid in full or set up payment arrangements (understanding that payment arrangements will cause you a 12-month setback) so the sooner you get started the better.
Don’t forget that your W2’s and 1099’s had to be in your file by January 31st, so finishing up and filing should be a top priority if you haven’t done so already.
In short, the July 15th
extension is not a gift where your NACA file is concerned. Get your return
filed and submitted so we can continue working with you toward your goal of
becoming a homeowner.
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
Homebuyer Workshop Get started with the NACA program. At this four-hour workshop you will learn about the details of NACA’s Purchase Program, the home buying process and start your NACA file. This is the required[...]
