What is My Home Project?

My Home Project (MHP) is a resource of Capital Access Project's CreditProject Program that provides a comprehensive counseling for people who wish to own their own home. Primarily intended for low- to moderate-income families and entrepreneurs, MHP provides homebuyer education and assistance services free of charge.

The mission of MHP is to help families and entrepreneurs build assets and wealth through homeownership.

What Services are Offered through My Home Project?

Homebuyer Readiness Training

Qualified counselors work with potential homebuyers to develop a plan of action toward their goal of homeownership. If credit problems are an issue, one of our counselors will assist in correcting those issues and preparing applicants for enrollment in our Homebuyer Training Program. Readiness Training includes:

• Free, comprehensive credit counseling to ensure the potential homeowner is a fiscally responsible individual who is prepared for homeownership

Some applicants can settle their credit challenges within a few months while others may take a few years. Ultimately, MHP believes that owning a home is within the reach of over 60% of the U.S. population. MHP works to keep applicants motivated and provides them with the tools they need to become homeowners.

Financial Education

Whether or not our clients purchase a home, financial education is critical to the growth and prosperity of a community. And sooner or later, owning a home is the largest investment many will make. As Certified Adult Financial Literacy Trainers for the Federal Deposit Insurance Corporation, MHP’s staff offers courses on money and credit management, and its relationship to home buying, before and after the purchase.

Homebuyer Training Program

A 12-hour group of comprehensive courses covering the basics of buying a home with classes on:

• Fair housing laws
• Consumer credit
• Shopping for a home
• The mortgage process
• The closing process
• Home insurance
• Home maintenance

Seminars are held each month at 2714 Canal Street, Suite 300. Each course is taught by professionals who generously donate their time and resources in order to prepare potential homebuyers for the challenges ahead.

Once an applicant’s credit report indicates they are ready to purchase a home, they can meet with a mortgage loan professional to discuss their home buying plans and options. Following this, the applicant will be enrolled in the courses. Upon completion of seminar, applicants will receive a certificate that will help them apply for home buying financial assistance through the city-parish. The certificate may also be used by those lenders who require it.

Home Purchasing

The New Orleans Redevelopment Authority (NORA) was created to market and sell the affordable homes constructed and rehabilitated by NORA. NORA also assists clients of MHP in finding homes to purchase through a unique referral partnership with multiple real estate agents and firms.

How do I get started?

Applications are available Capital Access Project, located at 2714 Canal St., Suite 300 or you can download the application.

Once completed, applications are to be either faxed to (504) 324-0217, mailed back or dropped off to the address above. Business hours are Monday through Friday from 9:00am until 5:00pm.

A counselor will set up an appointment with each applicant on a first-come, first-served basis. For more information, please contact us at 504-821-4811.