The Open Door
DHC logo
Quarterly August 2009
Summer is in full stride.  Taking a break from the warm weather outside, we invite you to read on to learn about recent happenings at Davidson Housing Coalition, including news from the North Carolina Housing Finance Agency, a story from a homeowner, and an announcement for our upcoming lunch at Restaurant X.  Perhaps like most of you, we haven't slowed down this summer!  As always, thank you for your interest and support. 
 NCHFA LogoSpecial Needs Housing in Davidson 
 
The North Carolina Housing Finance Agency has selected DHC as a recipient of its Supportive Housing Development Program funding.  Construction on the 4 cottage-style apartments is expected to begin late in 2009, next to DHC's affordable complex, The Bungalows.  DHC is delighted to have the opportunity to provide the Cottages on Jetton, the first such housing in our community that will serve lower wealth, disabled adults.  Look for more exciting news about this project in the next Open Door!
Dixon Home"A Very Rewarding Experience" 
 
After completing with DHC's Homebuyer Education Program, which includes individual client counseling and a group all-day workshop, Michael moved into his new home in Davidson's Summers Walk in mid-February 2009. 
 
From his initial move-in to the present, Michael has enjoyed living in his home.  He describes the transition to homeownership as having been a relatively easy one; through his personal motivation to establish roots in the area and the preparation he received through DHC's Homebuyer Education Program, he was prepared for the move. 
 
Read Michael's story here.

Restaurant X

HAMMERS logo 
 
HAMMERS Approaches its 100th Home 
 
HAMMERS, DHC's emergency home repair program, is close to completing repairs on its 100th home since its inception in 2005.  Be on the lookout for an announcement in the coming months.  In the meantime, find more information on the program and its history. 
In This Issue
NCHFA and DHC
Meet a Homebuyer
September 3 Lunch
HAMMERS' 100th
Housing & Financial Counseling
 
August's Financial Tip: 
 
Budgeting
 
1.  Get the whole picture - track all expenses (include everything for which you pay in cash).

2.  Review your income and expenses to determine any adjustments that need to be made (expenses should include savings plan).

3.  Review budget to spot errors.

4.  Monitor your spending plan as often as necessary.  Make sure you are meeting your goals.  If you are a married couplem everyone needs to be on board.

5.  If you have children include them in the process.  Teach them the value of managing money and being a wise consumer. 
 
Mark your calendar:  September's Financial Fitness seminar:  "Teaching Teens about Dollars and Cents"
 
Event in partnership with Parent University at Charlotte-Mecklenburg Schools
 
Monday September 14
 
5:30-7:30 PM at DHC, 220 Sloan St.
 
Open to all!
Please call to register.
704-892-4486
Quick Links
Contact us! 
Marcia Webster, Executive Director
Robin Brown, Housing & Financial Literacy Counselor
Gail Brooks-Lemkin, Housing & Financial Literacy Counselor
Zach Jakob, HAMMERS Supervisor & Property Manager
Nancy Waldrop, Management & Development Fellow

Phone: 704-892-4486 / Fax: 704-892-4197