Justine Petersen Housing And Reinvestment Corporation

CREATE ENDURING CHANGE FOR LOW/MODERATE INCOME FAMILIES VIA HOUSING, SAVINGS AND ECONOMIC DEV.

ECONOMIC DEVELOPMENT - COUNSELORS PROVIDE TRAINING, TECHNICAL ASSISTANCE AND LENDING TO SMALL BUSINESSES AND MICRO-ENTERPRISES. AS THE NATION'S LARGEST SBA MICRO-LOAN INTERMEDIARY, JUSTINE PETERSEN BORROWS MONEY DIRECTLY FROM THE SBA AND ORIGINATES MICRO-ENTERPRISE LOANS UNDER $50,000 IN ACCORDANCE WITH ITS OWN UNDERWRITING GUIDELINES TO SMALL BUSINESS OWNERS THAT MAY NOT BE ABLE TO SECURE CAPITAL ELSEWHERE. JUSTINE PETERSEN PARTICIPATES IN THE USDA INTERMEDIARY RELENDING PROGRAM FOR ITS RURAL LENDING. GREAT RIVERS COMMUNITY CAPITAL ALSO ORIGINATES MICRO-ENTERPRISE AND SMALL BUSINESS LOANS. GEOGRAPHICALLY, JUSTINE PETERSEN/GREAT RIVERS CURRENTLY OFFER MICROENTERPRISE/SMALL BUSINESS LOANS IN 73 ILLINOIS AND 28 KANSAS COUNTIES AND THE ENTIRE STATE OF MISSOURI. IN 2021, JUSTINE PETERSEN PROVIDED TECHNICAL ASSISTANCE AND ORIGINATED NEARLY $25 MILLION IN 623 MICRO-ENTERPRISE AND SMALL BUSINESS LOANS AND ORIGINATED OVER $450,000 IN 284 CONSUMER LOANS. JUSTINE PETERSEN ALSO ADMINISTERS A CONTRACTOR LOAN FUND TO MEET THE NEEDS OF SMALL AND MINORITY CONTRACTORS WHO LACK THE FINANCIAL CAPACITY TO SUCCESSFULLY BID, ACCEPT AND CARRY OUT THE WORK OF LARGE SCALE PROPERTY DEVELOPMENT CONTRACTS. IN 2021, JUSTINE PETERSEN ORIGINATED $2.5 MILLION IN 39 CONTRACTOR LOANS.

HOUSING - AS A HUD CERTIFIED HOUSING COUNSELING AGENCY, COUNSELORS ASSIST LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS TO ADDRESS CREDIT AND OTHER BARRIERS TO PURCHASING OR REFINANCING A HOME. JUSTINE PETERSEN IMPLEMENTS FINANCIAL COUNSELING, STRATEGIES AND PRODUCTS INCLUDING BUDGETING, FINANCIAL EDUCATION, LOAN COUNSELING AND HOMEBUYER EDUCATION TO ASSIST HOMEOWNERS STRUGGLING TO PAY THEIR MORTGAGES AND NEGOTIATING WITH THEIR LENDER. IN 2021, 51 FAMILIES PURCHASED HOMES AFTER PARTICIPATING IN JUSTINE PETERSEN'S HOMEBUYER COUNSELING AND EDUCATION AND 16 FAMILIES IN FORECLOSURE RECEIVED ASSISTANCE. 600 CLIENTS RECEIVED HOUSING COUNSELING.

SAVINGS - JUSTINE PETERSEN BELIEVES THAT A STRONG CREDIT PROFILE IS ONE'S MOST IMPORTANT FINANCIAL ASSET AND OUR COUNSELORS TEACH HOW TO BUILD AND MAINTAIN A STRONG CREDIT PROFILE. IN 2021, 1,125 LOW AND MODERATE INDIVIDUALS PARTICIPATED IN JUSTINE PETERSEN CREDIT BUILDING SERVICES. AS A LEADER IN THE CREDIT BUILDING AND FINANCIAL CAPABILITY FIELD, JUSTINE PETERSEN TEACHES FINANCIAL COUNSELORS ACROSS THE COUNTRY HOW TO OFFER CREDIT BUILDING SERVICES. IN 2021, JUSTINE PETERSEN TRAINED FINANCIAL COUNSELORS FROM ORGANIZATIONS IN TWENTY-ONE STATES: ARIZONA, CALIFORNIA, HAWAII, ILLINOIS, INDIANA, KANSAS, KENTUCKY, MASSACHUSETTS, MARYLAND, MICHIGAN, MINNESOTA, MISSOURI, NEW JERSEY, NEW YORK, OHIO, PENNSYLVANIA, RHODE ISLAND, TEXAS, VIRGINIA, WASHINGTON, AND WISCONSIN ON ITS CREDIT BUILDING METHOD AND CONTINUED SERVICE THROUGH THE JP TRAINING CENTER (JPTRAININGCENTER.ORG).