AEOA offers help for homebuyers on North Shore

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The Arrowhead Economic Opportunity Agency (AEOA) is inviting prospective homebuyers to a workshop that will help them learn about the process and responsibilities of home-ownership, and how to overcome barriers.

The Homestretch Workshop will be held Saturday, October 13 in the Rec Building next to the Silver Bay Arena, from 8:30 a.m. to 4:30 p.m.  Pre-registration is required. More information is available from Home Ownership Counselor Tom Lundquist at 800-662-5711 or via Email at tom.lundquist@aeoa.org.         (Click on audio mp3 above to hear an interview with Tom Lundquist, recorded live on WTIP's A.M. Community Calendar show, Monday, October 8, 2012 .)

AEOA's Homeownership Program is designed to promote and encourage homeownership by providing down payment and closing cost loans to income-eligible, qualified buyers.  It is designed to give prospective homebuyers an understanding and knowledge of:

-How real estate transactions work

-Qualifications of homebuyer financing

-Responsibilities of homeownership

Eligibility:

  • Potential buyer must attend the complete series of the Homestretch Workshops.
  • Buyer must complete the Homestretch Workshops and 1-on-1 counseling to qualify for AEOA financial assistance
  • Potential buyer must qualify for a mortgage. The Counselor will assist homebuyers in shopping for an appropriate mortgage.
  • Family income must be at or below 80% of the area median income in St. Louis, Cook, and Lake County (Please call if you are uncertain that you qualify).
  • Potential buyer must be a first-time homebuyer.

Availability:

Cook, Lake, and St. Louis County (excluding the City of Duluth).

 

Contact
Tom Lundquist
(218) 749-2912 ext. 217
(800) 662-5711 ext. 217
tom.lundquist@aeoa.org

The Arrowhead Economic Opportunity Agency (AEOA) was incorporated in April, 1965, as a 501(c)(3) non-profit organization and established as a Community Action Program (CAP) for the northeast Minnesota counties of St. Louis, Lake, and Cook. Service delivery for some programs has extended to the four neighboring counties of Aitkin, Carlton, Itasca, and Koochiching.

Currently, AEOA employs more than 350 full- and part-time staff and utilizes more than a thousand volunteers divided among five major departments: Arrowhead Transit, Head Start, Housing, Employment and Training, and Senior Services.

Program: 

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