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Are you dreaming of a tiny home? I am going to be making it my mission to contact as many non profits offering matched savings accounts ( IDA) that could help with down payment assistance for a tiny home in different areas, because I would like to spread a lot of hope. If you are reading this and you feel your goal of having a tiny home is too far out of your reach, this is dedicated to you. Do not let go of the dream.
I will only be sharing a non profit that I have personally verified that will approve funds going toward a down payment for a tiny home in their program.
Matched Savings Account Criteria
Every non profit has their own criteria for how the funds can be spent. A matched savings account, or IDA stands for Individual Development Account. Non profits that offer the IDA program enable low income individuals to learn how to start saving money and build assets in the form of home ownership, their own business, college, assisted technology, home repairs and more.
Each Non Profit Sets The Savings Ratio
Each non profit will set their own savings ratio where they will match the funds of the saver from 1:1, 2: 1, 3: 1 and I have seen 5:1. They also have minimum and maximum length of time for saving, with a minimum and maximum amount that can be saved.
Matched Savings Is A Grant: You Do Not Pay It Back !
The funds that are matched is a grant, not a loan, you do not have to pay it back!!!
AAA Fair Credit Foundation: Utah Residents
AAA Fair Credit Foundation based in Utah, is an award-winning ISO 9001:2008 certified and HUD-approved 501(c)(3) nonprofit organization dedicated to helping consumers expand financial capability and reclaim their financial future.
Confidential Financial Counseling
HUD – Approved Home buyer Education
Foreclosure Prevention Counseling
Debt Management Relief
Financial Literacy Education
IDAs 3: 1 Match
Matched Savings IDA Account
Every dollar you save is matched up to a 3 to 1 rate. Those funds can be used to buy one of the approved assets.
First time Home purchase.
Accredited post secondary education including vocational training
Small business start- up or capitalization.
Assistive Technologies for work related activities.
Individual Savings plans will be determined in consultation with the certified finance counselor after successful completion of the basic financial literacy training. The certified finance counselor will assist the participant to determine the amount to be saved. Participants will be asked to save $15 to $62.50 per month for 12 to 36 months to a maximum of $1500.00
What this translates to is if you put the maximum amount of $1500.00 into your IDA, you will be matched with a total of $ 4500.00 and you will have $6000.00 toward your savings goal!
1. Be at least 18 years old;
2. Living in Utah;
3. Earned income that does not exceed 200% of the federal poverty level
4. Net assets that do not exceed $10,000.00 excluding one car and one home.
The following are minimum criteria for the IDA program:
Successful completion of financial management training is required before
applications will be accepted.
Complete asset-specific training for selected asset goal prior to asset
Sign a saving’s agreement to save a minimum of $15 and maximum of $62.50
of earned income per month.
Allow the Fair Credit Foundation to review their credit report; and, if
necessary, address any credit issues that would inhibit the success in
purchasing the desired asset.
Agree to abide by the program’s rules and responsibilities as described by the
program staff and in the written materials received and meet income eligibility requirements by submitting proof of earned income that falls at or below 200% of the federal poverty level.
Income determination reflects all income earned and unearned and includes the
Money wages and salaries before any deductions
New receipts from non-farm or farm self-employed receipts from a person’s
own business or from an owned or rented farm after deductions for business
or farm expenses
Regular payment from Social Security Administration (gross benefits),
railroad retirement, unemployment compensation, strike benefits from union
funds, workers’ compensation, veteran’s payments, public assistance, training
stipends, alimony, child support and military family allotments
Private pensions, government employee pensions (including military
Dividends, interest, net rural income, net royalties and periodic receipts from
estates or trusts Form: F IDA003 Revision: 05/25/2017 5
A household must meet the income requirement for three months before they are
accepted into Fair Credit Foundation savings program. If during the time of
saving the family’s income increases that increase will not effect their
participation in the IDA Program. The following documents are acceptable for
Copies of paychecks or pay stubs.
Written statements from employers.
Letters or other documents from income sources, if dated within the last 30
If self-employed, accounting and other business records showing net income
Most recent tax return.
Other documents the program site has reason to believe will verify the
income of the household member.
Any assets drawn as withdrawals from a bank, the sale of property, a house
or a car.
Tax refunds, gifts, loans, lump sum inheritances, one-time insurance
payments, or compensation for injury.
Non-cash benefits such as employer paid or union paid portion of health
insurance or other employee fringe benefits, food or housing received in lieu
of wages, the value of food and fuel produced and consumed on farms, the
imputed value of rent from owner-occupied non-farm or farm housing, and
federal non-cash benefit programs such as Medicare, Medicaid, food stamps,
school lunches, housing and other emergency assistance.
Any portion of Social Security benefits deducted to pay Medicare premiums
that will not be reimbursed.
Utah Individual Development Account Network Policies And Procedures
Yes You Can Use The Savings Toward A Down Payment For Your Tiny Home !
I personally spoke with Itzel and it was confirmed through her manager that the funds can be used toward a down payment for your new custom built tiny home!
Must Own The Land
They have one requirement that you own the land. Please check with your county to see if a park model or tiny homes are allowed.
Just a reminder, we offer Nationwide Financing for the cabins Dave builds. Loans for land is also possible with the purchase of your new home. Call or email me for help. 509 345 2013
Call or email me for help. 509 345 2013
If You Are Not A Utah Resident
If you are not a Utah resident and you are desiring to find a matched savings account program in your state, visit the National Directory Of IDAs and also read by other blog posts on IDAs and Matched Savings Accounts, you will find them in the categories of my blog. Don’t give up if they say it is full, ask to be on the waiting list, people do not always complete all the required steps. Start saving right away, no matter how small the amount is.
Operation Tiny Home
We are an approved builder for Operation Tiny Home giving down payment assistance that offer a 2:1 Match up to $12,000.
See if you qualify and please contact Janet.
AAA Fair Credit Foundation
The AAA Fair Credit Foundation offers more services than just IDAs, complete list.
The Block Project in Seattle is uniting homeowners that have room to spare in their backyard with a resident that has been homeless, providing them with their own self sufficient Block Project Tiny Home. Their OWN home, Wow! a term perhaps we take for granted if we have never been without one.
A home that can bring back safety, privacy and pride with a door that can be locked and they can sleep again in peace, knowing that they were seen and that they matter. For some it might mean they can get employment because they can be clean again. It can also mean that they are included in gatherings again like a family, sharing meals and projects together.
The Block Project and Rex Hohlbein, the founder of Facing Homelessness is on a mission to end homelessness one tiny home at a time. More backyards needs. Can you Say Yes In My Backyard.
Rex is an architect and started Facing Homelessness on social media and it has transformed into a non profit and The Block Project.
Facing Homelessness connects a name, their face and tells the story of each person, without judgement. Rex shares their hopes and dreams and immediate needs and so gently asks for a tent, a camera, a hotel stay, a dentist, paint supplies or whatever the person is in need of. I read every story, donate when I can, share and always cry at the beauty of the real humanity that I know we are.
Please listen to the Ted Talk and you will know that Rex is the real deal, he can ask for a donation and people come forward immediately and answer the call of love to our neighbor and it changes their life dramatically, restoring their hope and for some, it saves their life. Their smiles could light up the universe!
Recently Post: Leah’s Story On Facing Homelessness
A few months ago we heard about a woman in a wheelchair living in a tent. We decided to check it out. Anyone home? An abrupt voice answered, “No help needed thanks”. The anonymous woman confirmed she was wheelchair bound but little more. The voice was not trusting. Fair enough. This would make sense later. We walked away in the rain.
But our visits and conversations grew over the following days. She finally opened her tent fly and we caught a quick glimpse. Not sure what we were expecting but it wasn’t this. A smile and bright eyes. Her voice sounded different. Softer. Leah had been holding out on us.
We later discussed housing options with Leah. She was agreeable. On our way to the shelter she explained through tears how she had lost faith in humanity. There were no kind people left in the world. Darkness and exploitation were her constant companions. She was suspicious of anyone approaching her tent.
After a few weeks in emergency housing Leah graduated to her own apartment in a clean and modern building. She pointed with pride at clean clothes on hangers. Clothes folded in stacks. A neatly made bed and a Seahawks blanket. Products of epic dreams? Maybe so.
Leah spoke of her experiences on the street. “People look at you like you’re garbage. But we are people just like everyone.” She asked us all to consider how it would feel if she was one of our own children. When you get to know Leah you discover she is someone you already knew.
She likes to watch cloud shapes and put on makeup. She likes to cook and has visions of owning a food truck that serves home-style cooking. She loves her children. She likes Ben & Jerry’s American Dream ice cream. She’ll laugh with you and poke fun at you. She’ll cry with you. She’s a sweetheart and a smart aleck. She’s everyone we already know. Because she is already all of us. Leah is everyone’s child.
Rex Is Teaching Us To Say Hello And Not Look Away
Through its integrated design, this project will not only offer opportunities for healing and advancement to those formerly living on the fringes of society, but it will also bring connection, relationship, and compassion to the center of our lives and communities.
Yes In My Backyard
Many social injustices, including homelessness, are perpetuated through emotional and physical separation, which allows us to get stuck on the complexity of the issue. By literally saying, “Yes, in my backyard”, we will begin to see the person afflicted by the issue.
Global Movement To Create Compassion And Empathy
Rex believes this will nurture the empathy needed to catalyze a global movement. Their vision is to make this model accessible nationwide and create a foundation of compassion and empathy for future generations.
The Block Project Tiny Home Features
125 Square Feet
Off Grid And Self Sufficient
Grey Water System
Host And Resident Create Their Own Criteria
Hosts and residents are encouraged to define and shape their own relationships, with the primary expectation being that each is a good neighbor to the other. Hosts and residents are united by a number of criteria, including their desired level of involvement in each other’s lives. Some hosts and residents are very involved in each other’s lives, regularly having dinner together and attending social events; while others happily share space but connect less frequently.
Goal For 2020 Is To Have 12 More Homes In Seattle’s Backyards
The Block Project has a goal to have 9 Block Homes completed by the end of 2019, they are on schedule to make that happen, with all 9 Hosts already on board and in process!!!
The 2020 goal is to build 12 more Block Homes, they have 6 excited Host potentials and are looking for 50 more applicants to select the remaining 6 for next year! Rex is asking if you do not have the backyard, then share, donate or be a messenger of this noble project.
Block Project First Host And Resident
Own a single-family home in the City of Seattle
My lot is greater than 4,000 SF
I have a yard that can accommodate the BLOCK Home/patio (approximately 17′ x 17′)
I do not currently have, or plan to build, a Detached Accessory Dwelling Unit (DADU)
I will communicate early if I rent a spare unit (with full kitchenette) for greater than 30 day periods
I will communicate early about any known drainage problems and/or easements on my property
No one in my household has a history of violence or abuse
I am comfortable providing three (3) character references from diverse areas of my life
When equipped with the right information, I am comfortable reaching out to my neighbors about The BLOCK Project
* Current ADU EIS legislation is in the process, which would allow both a DADU (the BLOCK Home) and an ADU on the same property. Follow along here.
BLOCK Residents are referred to the BLOCK Project by one of our partner agencies; Chief Seattle Club, Community Psychiatric Clinic, or Mary’s Place. BLOCK Homes are located in residential neighborhoods throughout the city of Seattle and prospective Residents and Hosts are matched based on location and common interests. Please check out our FAQsfor more information.
Are you an Architect? Do you know an Architect?
If the answer is YES to either of those questions, this is your moment to get involved, or get your architect friend involved, with the very VERY prestigious organization Architects Without Borders
Everyone at Facing Homelessness & BLOCK Architects is inviting the local architectural community to step forward in partnership with AWB to help the BLOCK Project!
Architects Without Borders is an organization which creates opportunities for designers to make things better and The BLOCK Project gave me an opportunity to volunteer for something I see every day that could be made better; helping people without homes, find one. Not a shelter, not a temporary space or someone else’s home but a permanent home of their own. I get to be a part of that!
So Architects, take the next step, remove those borders keeping you from getting involved and join the wonderful and amazing people at Architects Without Borders. This is an easy and important way to make a difference for the BLOCK Project! Details.
I am so over the moon, we have just been approved to be a listed builder with Operation Tiny Home for their down payment assistance program! Operation Tiny Home as joined together with Sutter Home Family Vineyards and Wells Fargo to provide a down payment assistance grant to qualified applicants.
The Down Payment Can Be The Challenge
Many potential tiny home buyers are well qualified and ready for homeownership, but often the down payment is often a hurdle that is too high and often seems like a fruitless effort. Help is here!
Down Payment Assistant Grants
The Down Payment Assistance Program provides stable housing opportunities for our community heroes and/or those that are dealing with hardship, such as natural disaster from fire or hurricanes. Eligible applicants can receive a down payment assistance grant, which applies toward the down payment on a loan for a professionally built custom tiny home that is either built on a trailer or a foundation.
Our program is designed to offer the support, training, and resources needed for successful tiny home ownership, including offering ongoing mentorship resources and an online tiny home ownership course.
Operation Tiny Home Matches The Down Payment Funds 2: 1
We are committed to providing access to affordable housing choices. Down payment assistance grants empower those that are struggling with hardship. For those that need support to overcome housing instability and meet our eligibility requirements, a down payment assistance grant may help.
Do You Qualify for Down Payment Assistance?
The application process consists of completion of the application form, background check, and a phone interview. Operation Tiny Home considers applicants without regard to race, religious preference, gender, handicap, familial status or national origin.
You must meet the following criteria listed below.
You must be pre-qualified for financing and working with an Operation Tiny Home approved professional tiny home builder;
The purchased tiny home must be your primary residence;
You must be a US citizen or permanent resident;
You must have a verifiable long-term legal location secured to build or place your tiny home.
Who Can Apply: The applicant must demonstrate that they are in need of housing and fit the following criteria:
Military and Veterans
Emergency Medical Personnel
Pre-K – 12th Grade Teachers
People Struggling with Hardship:
You Live In An Area That Was Affected By A Hurricane, Wildfire, Or Any Other Natural Disaster;
Aging Out Of Foster Care;
Surviving Spouse Of A Military Member Or Public Protector
Application Process: Once we receive your application we will review your information and contact you within 14 business days. You may be asked to provide additional information (including, but not limited to the following):
Proof of Identity
Proof of Military Service
Proof of Disability
Signed Authorization to Release Information
How To Apply
The first step in applying for a down payment assistance grant is to contact an Operation Tiny Home professional build partner. You will work together with your builder to discuss your specific tiny home living needs and obtain pre-approval for a bank loan. Once you have been pre-approved for your loan and your builder has determined that you are eligible for down payment assistance, your builder will contact us to request that we send you a grant invitation from Operation Tiny Home.
Are You Interested In Sponsoring The Welcome Home Down Payment Assistance Program? Click Here.
Additional Operation Tiny Home Programs
Building A Better Future For Our Veterans
Tiny Home Building Workshops with Zack Giffin
Our free workshops are led by Operation Tiny Home team member, Zack Giffin, co-host of A&E’s popular TV show, Tiny House Nation. Zack not only brings star power but a wealth of knowledge and experience to every workshop, offering veteran participants a once in a lifetime chance to have hands-on instruction from one of the industries most recognized experts in the field.
Our program objective is to go beyond providing a simple housing solution. We provide hands-on educational training opportunities for veterans to enhance their building skills while offering a unique opportunity for them to give back to a fellow veteran in their community. Participants learn carpentry skills, build confidence, and develop a supportive community as a resource to overcoming housing instability. Learn More
Dignity Housing For Native Americans
Affordable Tiny Housing Solutions & Community Workshops
Operation Tiny Home partners with like-minded nonprofits across the nation to provide apprenticeship training workshops for Native Americans that seek to build high quality alternative housing options and tiny home communities. We teach program leaders and community volunteers how to build custom tiny housing solutions through hands-on construction and carpentry training workshops while building a home that will be donated to support housing needs in their community.
Our objective is to go beyond providing a simple housing solution. Our focus is to empower participants to build a better future for themselves while cultivating sustainable communities to create lasting transformation in housing stability within their community.
Our free workshops provide participants with access to resources, education, and new opportunities to facilitate personal growth, self-sufficiency, and fulfillment. Over the course of our immersive hands-on workshops, we cover a wide range of topics including construction terminology, foundation considerations, design, framing, sheathing, roofing, siding and trim, windows and door installation, finish carpentry, and multi-functional furniture design to creatively maximize small spaces. Learn More
Check Out Another Down Payment Assistance Program For Oregon Residents: Nedco
If you feel you will meet the qualifications for a grant, please call or email me and I can can get you pre approved for a loan and send you an invitation to the Operation Tiny Home Grant!
Continued Problems Between Two Agencies August 26th, 2019
The Oregon DMV, meanwhile, said state law until recently prohibited it from providing titles to park model RVs because they’re not street-legal and aren’t considered a vehicle. The Legislature passed House Bill 2333 to expand the DMV’s responsibilities to include park model RVs, but that law doesn’t take effect until Jan. 1.
Allows Optional Titling of Park Model RVs by DMVHouse Bill2333 Effective Date: Jan.1, 2020
“Park Model Recreational Vehicle” (PMRV) is the term for a cabin-like structure, manufactured for temporary or seasonal use, mounted on a trailer, and having an area less than 400 square feet. Most exceed the usual 8.5 foot maximum widthto be considered a “vehicle” under current Oregon statute. They have been existing in a legal gray area for some time, with no state or local agency issuing them an ownership document. Such documents are routinely required for purchasers to secure financing. House Bill2333 codifies a definition of PMRVs, to be further detailedby DMV in rule, and specifies PMRV’s eligibilityfor an ownership document at DMV via the optional titling statute. The bill specifically prohibits DMV from issuing registration ( license plates ) to a PMRV.
In 2017, The Oregon Building Codes Division Changed The Definition Of Park Models
In 2017, Oregon decided not to allow park models to be titled at the DMV, after the Oregon Building Codes Division changed the definition of park models. I am simplifying the story, but it actually turned out to be a mistake. See articles at the end of the blog post for the backstory.
This decision caused an avalanche of problems for consumers, builders, lenders, zoning and over all anyone involved in this industry in the state, or manufacturers from other states that sold to parties in Oregon.
We actually had an Oregon customer in the middle of this mess. I spoke with an assessor’s office in the state a year ago and he advised me to have the customer come into the office and they would be given a Home ownership’s document and added to a personal property tax roll. He also told me they would then appraise the home sometime after Jan. 1st. A title could not be issued.
Spring Forward To Today
I decided to do some research on this today to see if Oregon had changed it’s views on titling park models. I found an article saying it had finally been clarified and they were going to be titling them again.
I called the same assessor’s office and they told me that nothing had changed. I mentioned the article and they were not aware of it. I then googled a Bend builder and he clarified everything for me and in fact was a moving force of changing the ruling. I spoke to Micheal J of 121 Tiny Homes. He was gracious with his time and I was grateful that he cleared it up for me and potential customers.
After speaking to him, I found only about 3 more articles. You would think such an announcement would have been widely covered in the media and celebrated, but the new ruling was barely even
covered and not all parties that needed to know the ruling were notified.
Press Release From The State And DMV
After a lot of research, I found a press release from both the DMV and the State, so I feel confident that I am sharing relevant news, even though it is a year old. Yes park models can be titled in Oregon again!
Building Codes Division rule clarifies titling of recreational park trailers (“tiny houses on wheels”)June 06, 2018
SALEM – The Oregon Building Codes Division (BCD), in cooperation with Oregon Driver & Motor Vehicle Services (DMV), filed an administrative rule June 1, 2018, to help provide a mechanism for recreational park trailer (tiny houses on wheels) manufacturers to obtain an ownership document from DMV.
The new rule defines a “recreational park trailer” as:
• A single living unit that is primarily designed and completed on a single chassis, mounted on wheels, to provide temporary living quarters for recreational, camping, or other seasonal use;
• Is certified by the manufacturer as complying with a nationally recognized standard for the construction of recreational vehicles; and
• Has a gross trailer area not exceeding 400 square feet in the setup mode.
“We believe this rule will help provide clarity for manufacturers and allow an unfettered path to titling these types of recreational vehicles in Oregon,” said Mark Long, Building Codes Division administrator.
BCD filed the rule change after learning its attempt to deregulate this important emerging industry inadvertently affected the eligibility for tiny houses on wheels to apply for a vehicle title.
Under the new rule, DMV will be able to issue a title for recreational park trailers and file the ownership information in its records. Recreational park trailers may be moved in the following ways:
• Shipping by a commercial moving company
• Vehicle trip permit from DMV –http://www.oregon.gov/ODOT/DMV/pages/vehicle/trippermit.aspx
DMV is currently informing staff at its 60 field offices and headquarters processing center to start accepting title applications for recreational park trailers.
Any time you need to visit a DMV office, first check www.OregonDMV.com to find office hours and locations, and to make sure you have everything you need before your visit. You also can do some DMV business from home at OregonDMV.com.
The Building Codes Division is part of the Department of Consumer and Business Services, Oregon’s largest business regulatory and consumer protection agency. Visit www.bcd.oregon.gov.
The changes were developed because of confusion as to when a building is to be considered a temporarily occupied recreational vehicle and when it falls under the requirements of the building code. Many recreational vehicles can be designed to look like a regular house, such as is common with the so called “Park models.” The rule change will allow the local community to regulate when temporary structures can be occupied and when building permits will be required for those that are deemed to not be temporary.
Nedco which stands for Neighborhood Economic Development Corporation is a nonprofit community development corporation in Oregon City, Oregon. Nedco services the entire state of Oregon.
They Have Openings Now
One of the reasons I want to share this non profit is because they have an IDA program and they have some openings now! Oregon is one of the top states for IDAs. Many of the programs are full with a waiting list or funding through a lottery, so I was thrilled to find one with some openings! Zach Janousek, an Asset Building Specialist in charge of this program told me that they are often full, but then they begin again the next year.
First I want to let everyone know about the services of Nedco and their IDA program and at the end of the blog post, I will share how this fits into buying a tiny home. There is also an up and coming grant for a down payment assistance for a home purchase coming soon! Keep reading. If you are not an Oregon resident, I have a link for the National Directory Of IDAs below. Also check out Operation Tiny Home to see if you are eligible for their Nationwide down payment assistance grant. The link is below.
What Is An IDA: Matching Savings Account 3:1
An IDA account is designed to help build assets through a matched saving account called a Individual Development Account. IDAs provide financial skills needed to save for life-changing economic transformations such as home ownership or going to school to get a better job or to prepare for a purchase.
Please Note: Every non profit that offers an IDA program has different requirements and stipulations of what the money can be used for. Nedco has a vast list of uses.
IDA Funds Is A Grant: You Do Not Pay It Back!
Nedco obtains state funds to make the IDA program possible. The match money is a grant to you; it is not a loan and does not need to be paid back. Learn more here.
IDAs Can Be Used For
Post Secondary Education For Account Holder
Small Business Start Up
General Eligibility Requirements
You must meet the following general eligibility requirements to participate in the program:
Be an Oregon Resident
Have a household adjusted gross income, according to household size, at or below 80% of the median for your county. Check here for details.
Demonstrate your ability to save by saving at least $25 in your own savings account for two consecutive months before applying for the IDA program (you can do this while you are completing the Financial Foundations course).
Work with a NEDCO Asset Building Specialist to create a budget based on 30 days of tracked expenses, reflecting your ability to save on a monthly basis to reach your savings goal.
Establish a savings goal and timeline for completion including making regular monthly deposits toward your goal in a joint/custodial account with NEDCO.
There is a $ 75.00 application fee collected at the time of enrollment into the program.
How Do I Get Started?
The first step is to enroll in our Financial Foundations Education Series (required 8 hours of financial education).
I was first introduced to the IDA program by one of our customers who had all ready been saving in the program for a few years and he was able to use the funds for down payment assistance on the tiny home that Dave built for him. He had a 3: 1 matched savings account and $ 6000 was contributed to his account and he did not have to pay it back. See story.
Saving and planning for your tiny home purchase often takes years and I know to some it seems fruitless. I hear everyone’s stories and dreams and I love to help make it happen. Having an IDA savings account could help cut your wait time substantially.
Tiny Homes In Nedco’s Program Accepted With Conditions
I spoke with Zach Janousek, an Asset Building Specialist with Nedco today and he was very open minded regarding using the IDA funds for a down payment for a tiny home with conditions case by case.
1) A Tiny Home that is placed on the account holders own land or land that is in a trust or a community trust- will be in the housing program. In the housing program, it has to be proven that the home will be on stable owned property, not rented. Zach can clarify this.
2) A Tiny Home that is placed in an RV Park or Resort- will be in the vehicle program.
Down Payment Assistance: Nedco
Zach also told me about a new program that is going to be offered soon hopefully by the end of July or August. The down payment assistance will be immediate and does not require matched funds or time. The criteria is the same as for the IDA. The amount of the grant for a down payment of your home will be up to $10,000!
Are You Ready To Buy Now?
This down payment assistance could be a miracle for many. You will have to have this all ready planned and thought out, where you are going to live legally, loan approval, funds for insurance, transport, set up cost and more…………….
This could be the perfect help someone needs! Reminder- we have Nationwide Financing. Read the details. With A+ credit, the bank requires 10 to 20% down and case by case- they can do land purchases as well. They consider A+ credit a 760 credit score. They do do loans with a lower score.
Zach is not sure how many grants will be given, I hope this helps someone reading this!
Please Call Zach Janousek Regarding The Details Of The IDA Accounts And Down Payment Assistance
Hipcamp partners with property owners to create new places for people to get outside—whether that’s pitching a tent on land, or staying in an existing structure like a small cabin.
Hosts sign up with Hipcamp and create a listing that shows the area(s) available to Hipcampers.
Hipcampers book and pay for their stay directly through Hipcamp, and hosts keep 90% of the payment. Hosts set their own prices and are covered by Hipcamp’s $1 million liability insurance.
Do You All Ready Have A Tiny Home Village?
Hipcamp could be the perfect fit if you al ready allow camping and have an outdoor shower and bathroom set up outside or even a porta potty for extra income.
Is Your Land A Fit?
Hipcamp properties range from two acres to thousands, from developed campgrounds to raw land, from rustic cabins to glamping tents, from working farms to remote forests. Campers can book primitive tent camping with no official “amenities,” to glamping setups with every modern comfort included.
The diversity of options is what makes Hipcamp special, and we bet your land has something great to offer the community.
What knits all Hipcamp hosts together is simple: an interest in sharing your slice of heaven with others, and the desire to protect your land for future generations.
Invitation To Become A Host: Make A $100.00
Want to become a Host? Join with my referral code and we each make $100.00 after you book your first camper. Please use my code.
Host our community of nature lovers to earn extra income for your dream projects, property management, home expenses, and more—all while enjoying the security of our $1 million safety guarantee.
One Million Dollar Safety Guarantee: Wow!!
We are thrilled to provide hosts with our full support and the peace of mind that they will be taken care of in the rare event of a camper injury or property damage. Hipcamp currently has two ways to protect you: The Hipcamp Insurance Policy and the Property Protection Plan.
Hipcamp Insurance Policy
In order to have a live listing on Hipcamp and receive bookings, it is required you have the proper insurance in place. There are two ways to be covered:
Leverage your own commercial insurance policy. If you have one, this will be your best bet!
Qualify to be covered under Hipcamp’s own Insurance Policy. Qualified hosts will be protected for up to $1 million for general liability claims per occurrence. This policy would be in excess to your homeowner’s insurance, and in the event you do not have coverage under a homeowner’s insurance, this would act as your primary coverage.
In order to qualify to be covered under Hipcamp’s Insurance Policy, you must:
Never have been convicted of a felony;
Have no homeowner’s or renter’s liability claims against you in the past 3 years;
Not be a Commercial Campground;
To list your land and see if you qualify for our Insurance Policy.
How does the Hipcamp Insurance Policy work?
Hipcamp provides Registered Hosts insurance for third party claims through the Hipcamp Host Protection Plan. The Insurance Policy covers both Hipcamp and its registered Hosts as insureds. This insurance does not replace a Host’s homeowners policy, but rather is designed to provide liability protection not typically afforded by a homeowners policy. Insurance is provided at no additional charge, for all bookings processed on the Hipcamp platform. Insurance is only available to valid, uncancelled bookings made through hipcamp.com. It is the responsibility of the host to confirm any changes to their eligibility under the requirements listed above.
Northwest Access Fund is a non profit that provides funding to people with disabilities in Washington and Oregon to purchase assistive technology to achieve greater independence. I am sharing this wonderful non profit because they are providing much needed help for those with disabilities through low interest loans, matched savings accounts IDAs and financial guidance.
I will be writing a lot more regarding IDAs Funds, if you are in a different state, google IDAs Matched Savings Accounts in your city and state to look for non profits offering these services. There are many more types of IDAs in different states that have matched savings accounts for other financial needs including business, college and housing.
Each IDA program has different ratios from 1:1, 3:1, all the way to 5:1 that they offer. In my research I have discovered that there are non profit and state programs for IDAs. At this time, federal funds have been dropped for this program.
What Is Assistive Technology?
Assisted Technology includes both devices and services. A device is an item or piece of equipment used to maintain or improve the functional capabilities of a person with a disability.
Northwest Business Fund Offers
Small Business Loans
Assistive Technology Loans
Financial Capability Services
Small Business Loans: Up To $25,000: 5% Interest No Fees
Their low interest loans help seniors and people with disabilities purchase the assistive technology they need to live independently and participate in their communities.
Who Should Apply?
Washington and Oregon residents who need assistive technology or business equipment. Family members are also eligible.
Open To All Ages And Types Of Health Conditions And Disabilities
Households with any income level can apply for a loan. All sources of income will be considered including social security and disability.
Will I Be Approved? Factors Include
Assistive Technology Device And Purpose
Proven Ability To Repay The Loan
Debt To Income Ratio
Note: Lack of credit history or credit issues are not automatic disqualifiers. He or she must create a workable plan to address these problems.
Loans may be repayable up to five years. Automatic payments are required so there are no missed payments. There are no fees for an early payoff.
Financial Capability Services
Northwest Access Fund helps you take control of your financial future.
Help you open a bank account
Prepare a monthly budget
Help you understand and improve your credit score
Protect against identity theft
Set and achieve financial goals
Customized Assistance Available Including
Financial Well Being Assessment
Access To Financial Coaching Software
One On One Coaching
Credit Building Loans
Matched Savings IDA Accounts
Information And Referrals For Other Community Services
Financial Education Classes
SSI/SSDI Benefits Planning
Assistance With AT Selection
Northwest Access Fund IDAs
Double your money with an Individual Development Account! “IDAs” are matched savings accounts established to help low-income households purchase important assets. Every dollar a person saves is matched by one dollar. Save a dollar—get a dollar! Northwest Access Fund IDA can be used to save for assistive technology, for example hearing aids, ramps, computers, or computer software. Please click here for FAQ about our IDA program.
What is an IDA?
An IDA (Individual Development Account) is a matched savings account. Our IDAs allow low-income households to earn up to $2,000 through consistent monthly saving. The amount an individual saves will be matched dollar for dollar. If the maximum is saved, they would have $4,000 to go towards their specific assistive technology savings goal. There are eligibility guidelines and requirements.
What can I purchase with my IDA?
IDAs can be used to purchase all types of assistive technology. Assistive technology is broadly defined to include any program or device that maintains or enhances the functional capabilities and/or quality of life of an individual with a disability. This includes (but is not limited to): hearing aids, wheelchairs and other mobility devices, vision aids, computers with and without special adaptations and software, cognitive aids, vehicle accessibility modifications and adapted vehicles, and office furniture with modifications for people with disabilities. IDAs also can be used to purchase the services needed to make effective use of an assistive device, such as help with selection, training and repairs.
Who is eligible for the IDA? An Applicant Must Show
They are a Washington state resident with a physical, mental or sensory disability, or caring for a child or other family member with a disability;
Household income at the start of the savings program is equal to or less than 80% of the county median income, adjusted for household size (click here to view income limits);
Household net assets at the time of application must be at or below $20,000. “Household net assets” is the total market value of all assets owned in whole or in part by any household member minus total debts or obligations. The value of the primary dwelling unit, one motor vehicle, special needs trusts and similar accounts (including e.g., accounts set up under ABLE Act), and retirement accounts are excluded in calculating net worth;
The individual account holder must be at least 18 years old when the equipment is purchased. Family members may apply for a person with a disability who will be under 18 when their savings goal is reached;
The items to be purchased qualify as assistive technology.
How do participants enroll in the IDA?
Complete and return an IDA application. This can be done online or we can mail you a hard copy.
Schedule a financial coaching appointment with Northwest Access Fund. The coach will determine whether you would be a good fit for the program and can help you develop achievable savings goals. If you are approved, you will complete a Savings Agreement & other enrollment documents.
After the enrollment forms are completed, we will help you open a special IDA custodial bank account. Once the account is set up, you must make regular monthly deposits into the account. Deposits can be made by automatic electronic funds transfer on a day of the month of your choosing.
What income can I use to save for the IDA?
You can use any income, including SSI or SSDI.
Is there a deadline for applying?
Qualified applicants will be accepted on a first-come, first-served basis. Only a limited number of accounts are available. If no accounts are available, you can be added to a waiting list.
How long do I have to save?
You must save for at least six months before making a purchase to receive the match. Participants can save for a maximum of three years in the program.
If a participant completes the program in less than 3 years, they are welcome to apply again. However, if they are approved to be re-enrolled, the participant’s total time in the IDA program still should not exceed 3 years.
How much can I save?
Participants can save as much as they would like in their IDA accounts, but only up to $2,000.00 maximum will be matched. Once a participant has finished the program, the account will be closed and unused funds remaining in the account will be returned to the client (unmatched).
How does the match happen?
The match occurs at the time of an assistive technology purchase. The match funds will not appear in the IDA account, because we only match funds spent on assistive technology. When a purchase is made, Northwest Access Fund will pay for half of the cost of the assistive technology and the other half will come from funds in the IDA account.
Can the IDA be combined with a low-interest Assistive Technology Loan or a Business Loan from Northwest Access Fund?
Participants also are eligible to apply for a low-interest loan from Northwest Access Fund. However, participation in an IDA savings program does not guarantee loan approval. If approved, the loan can be combined with IDA savings and match to purchase assistive technology.
How will the IDA affect asset or income limits for SSI or other government benefits?
An IDA through Northwest Access Fund will not impact your eligibility or monthly payment for any federal benefit program (e.g. SSI, SSDI, etc.). The savings account we help participants set up is a custodial account. This means the account is held in the name of Northwest Access Fund with the participant as a beneficiary. At the time of an assistive technology purchase, the payment will be made directly to the vendor, meaning that the funds do not pass through the participant’s account. Therefore, neither the savings nor the match will be counted as income and/or assets. It is also important to note that because the IDA is a custodial account, the participant cannot withdraw funds from the account without permission and withdrawal forms from Northwest Access Fund. Participants are limited to 3 emergency withdrawals while they are in the program.
If I change my mind, can I withdraw from the program?
Yes. You must notify us of your decision. We will close your account and send you a check for the funds in your IDA account (not matched). Please note that withdrawal of funds for a non-IDA purpose could impact the amount of, or eligibility for, SSI, Medicaid or other government benefits. Depending on the amount of your withdrawal, we recommend (and may require) that you speak to a benefits planner.
River Terrace Mobile Home Park is on 25 acres in a quiet setting outside of Oldtown, Idaho. The park is only 2 miles to Newport, 19 miles to Spirit Lake, 30 minutes to Sandpoint and Spokane. The park is suitable for all ages and they prefer long term tenants. Huge lot sizes, the largest in the city.
Do all your shopping in nearby Newport/Oldtown. Enjoy the beautiful views, peaceful days, and fresh Northwest air. Fishing, hunting, and shopping are just minutes away.
Types Of Homes Allowed
Models 2005 Or Later:
Features And Requirements
Huge Lot Sizes: 80 X 80
Space Rent is $295.00 A Month
Water And Sewer Included
Credit And Criminal Background Check: $ 40 Fee
Must Have An Income Of $1500.00 Monthly
Proof Of Insurance And Liability On Your Home
Tenant Is Required To Pay Electric And Trash
Each lot has their own electric meter and you can take your trash to the dump or set up trash pickup for yourself.
Zero Tolerance For Drugs
For the safety of the community, there is a zero tolerance for drugs or addictive behaviors.
Small dog ok with deposit. No cats, pitbulls or large attack dogs allowed
Amazing Location On The Outskirts Of Oldtown
I am so happy to share this park because it is so needed in this particular area and is so conveniently located to all your daily needs including hospitals, shopping, employment, outdoor activities, the mountains, lakes with gorgeous views.
About Oldtown, Idaho
Oldtown is a town in Bonner County, Idaho and suburb of Newport, Washington, with a population of 184 at the 2010 census. It is located on the Pend Oreille River, just east of Newport.
What To Do In Newport
Newport is known for music and arts festivals, farmers markets, movies in the park, car shows, golf tournaments and for the whole family. Click Here
The park is being converted from am older mobile home park and Walt is in the process of tearing older mobiles down and it is a work in progress.
Call Walt Today And Get Your Pick Of The Best Lots!
If you are an established business such as a Mobile Home Park, RV Park, Cabin Resort, Airbnb business, Tiny Home Village or you want to provide workforce housing for your employees, I can refer you to a lender that does our commercial financing.
There is a trend of mobile home and RV parks, updating their homes and turning their communities into tiny home villages.
If you are interested in obtaining financing, please give me a call and I will direct you to the right lender. In the past we could not help a new start up because of all the traditional requirements such as two years of tax returns, so I have branched out to other means of financing such as a working capital loan.
Dave Offers A Multiple Unit Discount
Dave often offers a multiple unit discount if they are all built at the same time.
Stay In Our Cabins
Please review my Stay In Our Cabins page, I am adding businesses that clients are using our cabins for Airbnbs, vacation rentals and long term rentals. If you want to try before you buy, you can stay in our cabins to admire the craftsmanship, get a feel for the size and enjoy the smell of the pine interior. You will never be limited to what you see, all cabins are custom built to your dreams.
Working Capital Loan
A working capital loan is a short term loan for businesses that need funds for their day to day operations such as equipment financing, payroll, a cash cushion, expansion or new business opportunity and accounts receivable as examples.
A Working Capital Loan Is For Both A+ And Borrowers With Poor Credit
Funding is usually in 24 to 48 hours and no personal collateral is required.
Working Capital Loan Examples: Up To $ 5,000,000
We have had customers finance our cabins as an Equipment Loan
Taxes And Payroll
Top 6 Small Business Working Capital Loans 2019
FitSmallBusiness.com has researched the best small business working capital loans for borrowers with the best to the poorest credit, including the pros and cons and reviews from customers. FitSmallBusiness includes providers that loan on Start Ups and for those needing longer terms, up to 10 years.
On Deck: Loans up to $500,000 for borrowers with good credit.
Loan Builder: Loans up $500,000 for businesses that need fast funding for startups and is fast and affordable
Blue Vine: Loans up to $5,000,000 for businesses that need to borrow against their invoices
Funding Circle: Loans up to $500,000 for creditworthy businesses needing medium-term loans (up to 5 years) with low rates.
National Funding: Loans up to $250,000 for borrowers who frequently get paid by credit cards
Smartbiz: Loans up to $ 350,000 for businesses that need working capital up to 10 years with low rates.
Please give me a call for more details about financing your commercial or personal project.