Building Communities Together

Rapid City, SD – Children and adults gathered on Saturday April 4th, 2015 at College Park to celebrate Easter and bring the community together.

Over 200 people attended the College Park Easter Egg Hunt.  Attendees enjoyedsearching for eggs, planting flowers, flying kites, and a jumping castle.

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“Our goal was to provide youth a healthy environment to enjoy Easter and encourage them to get outside and play. We cannot thank the volunteers and donors enough for helping making this event such a success.“ NeighborWorks Dakota Home Resources Marketing Director and event organizer, Stephany Valkenburg, stated.

The event was organized by the Bringswhite family, The College Park Block Club, NeighborWorks Dakota Home Resources, and supported merely through donations from local organizations and individuals.

Erik & Morgan Bringswhite goal to give back to the community and ensure that many children would have a Happy Easter happened thanks to the commitment of community members.  “We gave from the heart and what we received in return is Priceless; smiling happy children. The Children Be The Reason!” stated Erik Bringswhite.

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The event organizers would like to thank everyone that came out and helped create such an awesome day.  This was the First Annual College Park Easter Egg Hunt, and we can’t wait to do it again next year!

For more information on the College Park Easter Egg hunt or to learn how you can get involved please contact Stephany at 605-923-6007.

Homeownership For All Stages of Life

Wayne and Beverly Stuen started thinking of home ownership when they moved back to Western South Dakota. They had owned a home prior to moving East River, but due to the high cost they decided renting was a more feasible option.

For nearly a decade the Stuen’s rented a house, and up until they moved into their new two-bedroom South Dakota Governors House they were living in their RV camper.

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“We really started thinking about home ownership to have more stability. I wanted to make sure that Bev would always have a home if something happened to me, and vice versa if something happened to her.” Wayne explained.

To create a home ownership opportunity that would fit within the Stuen’s budget they utilized Dakota Land Trust. Dakota Land Trust takes the cost of land out of the purchase price and the land is placed into the stewardship of the trust. Dakota Land Trust creates a permanently affordable home ownership opportunity and ensures that the Stuen’s will be able to afford their investment.

The Stuen’s two bedroom, two bath, one car garage and large porch is a South Dakota Governors House. In 1996, the Governor’s House program was created as a way to provide reasonably sized, affordable homes to income-qualified individuals and families. The Governors House provides a quality, low-cost, low-maintenance, energy efficient place to call home.

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Dakota Land Trust, paired with the South Dakota Governors House created an affordable home ownership opportunity that was within the Stuen’s budget.

They utilized USDA Rural Developments 502 Mortgage Program to help create an affordable monthly mortgage payment.The 502 Direct Loan Program, assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. With a longer term loan and monthly subsidy based on an applicant’s income allows for more families to achieve their dream of home ownership.

Together NeighborWorks® Dakota Home Resources, Dakota Land Trust, USDA Rural Development, South Dakota Housing Development Authority created a safe, decent and affordable home ownership opportunity for the Stuen’s.

About NeighborWorks® Dakota Home Resources: NeighborWorks® Dakota Home Resources is a private nonprofit organization that has been assisting in providing decent, safe and affordable housing and revitalizing neighborhoods for twenty years. NeighborWorks® has helped more than 1,000 families realize their dream of home ownership. NeighborWorks® Dakota Home Resources provides decent, safe and affordable housing throughout the Western South Dakota communities.

NeighborWorks® Dakota Home Resources is accepting applications for Paint the Town

Paint the Town 2015

March 31st, 2015 – NeighborWorks® Dakota Home Resources is accepting applications for Paint the Town throughout Western South Dakota. NeighborWorks® is accepting applications in Spearfish, Lead, Central City, Deadwood, Belle Fourche and Sturgis.

Sponsored by South Dakota Housing “Paint South Dakota Program” provides selected applicants with a fresh coat of paint for their home. Selected homes must be owner occupied and the owner must be physically or financially unable to paint their home. Volunteers will be painting the selected homes the first two weeks of June. Applications are due by April 10th, 2015.

NeighborWorks® Dakota Home Resources is a private non-profit organization that has assisted over 100 homeowners paint their homes through the Paint the Town event. For more information on the Paint the Town please contact Molly at NeighborWorks Dakota Resources office before April 10th, 2015.

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NeighborWorks and Optima LLC Restore Deadwoood Home

NeighborWorks® Dakota Home Resources is pleased to announce the Shea House previously located at 366 Main St. has been successfully renovated at its new location in the Peck Gardens neighborhood.

In March of 2014, Optima LLC donated the Shea house to NeighborWorks® Dakota Home Resources under the conditions that NeighborWorks® assisted with the relocation and restoration of the property.

NeighborWorks Dakota Home Resources successfully completed the renovations and sold the home to a family in Deadwood.
Built in 1948 by Jim and Lillian Shea, the Shea House was fully renovated with modern electrical and plumbing, beautifully restored wood floors, a new kitchen and bathroom, new siding and roofing plus the addition of an oversized one car garage. This home is now located on a beautiful lot in the Peck Gardens neighborhood.

Lillian Shea’s nieces Pat Carstensen at the newly renovated home. " “Our family is thankful that NeighborWorks® was a part of the restoration process and are excited that a new family will enjoy the home in a safe residential neighborhood.”

Lillian Shea’s nieces Pat Carstensen at the newly renovated home. ” “Our family is thankful that NeighborWorks® was a part of the restoration process and are excited that a new family will enjoy the home in a safe residential neighborhood.”

Paul Bradsky, with Optima LLC., stated that he is very impressed with the completed project and updated home. “The Bradsky Family is just so pleased at the job NeighborWorks has done restoring this house. We know that countless hours have gone into making this house a home again. What a testament to the mission of NeighborWorks and the team that works there! We believe Jim and Lillian would be more than pleased that this house is going to be utilized as a home to another family in Deadwood. Great job!”

Lillian Shea’s nieces Aileen Brunner and Pat Carstensen also expressed gratitude to the restoration of the home. “Our family is thankful that NeighborWorks® was a part of the restoration process and are excited that a new family will enjoy the home in a safe residential neighborhood.”

Lillian Shea’s nieces Aileen Brunner and NeighborWorks Executive Director- Joy McCracken.

Lillian Shea’s nieces Aileen Brunner and NeighborWorks Executive Director- Joy McCracken.

About NeighborWorks: NeighborWorks® Dakota Home Resources is a private nonprofit organization that has been assisting in providing decent, safe and affordable housing and revitalizing neighborhoods for twenty years. NeighborWorks® has helped more than 1,000 families realize their dream of homeownership. For more information on NeighborWorks® Dakota Home Resources contact 605-578-1401 or visit us on the web at www.nwdhr.org

Sustaining the Dream of Homeownership

“Knowing that I did this all on my own is just an amazing feeling,” NeighborWorks® client Stephani Kunkel said. Spearfish has always been home to Stephani. Her family lives here, her job is here, and it is the community she wants to live in. “I grew up in Spearfish and I want to lay roots down here.”

NeighborWorks® and Dakota Land Trust client Stephani Kunkel.

NeighborWorks® and Dakota Land Trust client Stephani Kunkel.

Even with a good job and working her way into a management position, her options for quality, affordable rentals were limited. “I was living in a small studio apartment and felt like I would never be able to afford anything with more than one room.” Stephani said.

Like many young adults she did not think homeownership and a mortgage would fit into her budget. “Owning a home did not seem possible. I thought, I am only 23 and how can I do this on my own?” Stephani stated. It was not until her mother heard about South Dakota Housing’s Governor’s House Program that Stephani realized that homeownership was a possibility. Stephani contacted her local bank to look into her options and the idea of homeownership began to take form.

The Governor’s House was a perfect fit for Stephani. “There is plenty of room for me, and if I have a family some day there will be room to expand.” The 1,008-square foot house has two bedrooms and one bath, with the option to build a full basement which Stephani’s house will have. South Dakota Housing delivered and placed the home on the foundation in July, and NeighborWorks® Dakota Home Resources completed the remaining construction in September.

“Owning a home did not seem possible. I thought, I am only 23 and how can I do this on my own?”

“Owning a home did not seem possible. I thought, I am only 23 and how can I do this on my own?”

To create an affordable monthly payment Stephani also utilized Dakota Land Trust (DLT). DLT was established to create a supply of affordable homes for low to moderate-income households in the communities of Western South Dakota. DLT purchases the lot and places the land in a 99-year ground lease. Taking the cost of land out of her purchase price will allow her to have manageable monthly payments so she can afford her home.

Together NeighborWorks® Dakota Home Resources, Dakota Land Trust, USDA Rural Development, South Dakota Housing Development Authority, and First Interstate Bank created an affordable homeownership opportunity for Stephani. Her mortgage payment will be comparable to the rent that she was paying for the much smaller apartment, and she is investing in her future and community.

About Dakota Land Trust:

Thanks to the support from organizations throughout South Dakota, Dakota Land Trust (DLT) has entered into its sixth year of operation.

Dakota Land Trust offers unique homeownership opportunities for families in communities while maintaining affordable housing for the future. Their mission is to create opportunities and foster stewardship of permanently affordable housing for low-income and moderate income families and individuals.

Through this mission DLT has been able to provide affordable housing for 22 families throughout seven communities.

The partnerships and contributions from South Dakota Housing Development Authority, Black Hills Vision, City of Spearfish, The City of Rapid City, and NeighborWorks® Dakota Home Resources have been crucial for DLT’s success.

Dakota Land Trust looks forward to creating and strengthening new and existing partnerships that will allow DLT to reach its goal of assisting 10 families every year.

Homebuyer Education: NeighborWorks Dakota Home Resources

NeighborWorks Dakota Home Resources- 2015 Homebuyer Education

Taking our Homebuyer Education classes will be one of the best decisions you will make to begin the process of achieving the dream of homeownership.

NeighborWorks Dakota Home Resources program is a eight-hour course that covers the basics of how to buy a house. Our classes cover budgeting, credit reports, how to shop for a house, and how to apply and shop for a mortgage and maintaining a home. While this course is designed for families or individuals that are short-term or nearly mortgage ready, we encourage our long-term clients to attend as many of the classes as they want in their route to mortgage readiness.

To view the most current schedule of Homebuyer Education courses, click here 2015 class poster

NeighborWorks Dakota Home Resources provides the services and tools a homebuyer needs to purchase the home of their dreams. Our programming includes a 8 hour curriculum that teaches a homebuyer about credit and budgeting, shopping for a home and mortgage and maintaining a home, with an option of an online homeownership education online course. In addition to the class or online course, homebuyers meet with a HUD approved housing specialist to review personal budget and credit situations and develop goals and tasks to prepare for mortgage readiness.

Homebuyer education has been shown to dramatically reduce foreclosure rates, especially among low- and moderate-income families, according to a recent study by NeighborWorks® America. Individuals and families with counseling from NeighborWorks organizations are ten times less likely to go into foreclosure than similar borrowers.

One-on-One Counseling Sessions

Each family that participates in our educational classes will receive sessions with our housing counselor(s) that will allow them to develop a plan for savings and mortgage readiness.

Homebuyer Education Curriculum

Are you Ready to Buy A Home?

  • Pros & Cons of Owning a Home
  • How to Buy A Home
  • The Homebuying Team
  • The 4 Cs of Credit
  • How much can you afford

Managing Your Money & Budgeting

  • Making A Plan
  • How To Spend your Money
  • Developing the Plan
  • Why should you Save

Understanding Credit

  • Ratings/Credit Score
  • RATIOS
  • Issues and how to fix them
  • Nontraditional Credit
  • Establishing
  • Managing Your Debts
  • Identity Theft – what should you do
  • Your Rights

Getting a Mortgage Loan & Lending

  • What is a Mortgage Loan
  • Who Can Get a Mortgage Loan
  • How Much of A Loan Can You Get
  • Shopping the Product/Lender
  • The Steps in the Loan Approval Process