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KCCD Hosts 14th Annual Homeownership Fair - KCCD/FACE
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KCCD Hosts 14th Annual Homeownership Fair
  • codiepie
  • 19, September

KCCD Hosts 14th Annual Homeownership Fair

On September 19 2015, Korean Churches for Community Development (KCCD), successfully hosted its 14th Annual Homeownership Fair at the Wilshire United Methodist Church with over 200 guests in attendance. Speakers provided a wealth of information which empowered potential homebuyers on how to successfully purchase a home. Topics covered during the program included down payment assistance, credit building, debt management, the home buying process, affordable housing opportunities, and KCCD’s homebuyer education class and counseling program. Many of the participants and exhibitors expressed gratitude for the opportunity to learn, and connect with resources.

Hyepin Im, KCCD President and CEO, opened the program welcoming the guests and partners. She stated, “KCCD has helped over eight thousand individuals become a smart buyer in the homeownership process, connect families with over $1.4 million dollars in down payment assistance, and assisted current homeowners in saving over $87 million on their mortgages. We are thankful to all our partners who have made today’s event possible. KCCD is committed to helping you become successful home owners.”

KCCD was honored to have several elected officials attend the well attended homeownership fair, including CA Assemblymember Ed Chau from the 49th District who said “I am very delighted to be here to congratulate KCCD on this wonderful event and I want to thank them for the services they have provided the community for the past 14 years.”

CA Assemblymember Miguel Santiago from the 54th District stated, “When you stop to think about what the American Dream is all about, when you really stop to think about it, the American Dream really becomes about owning a home.”

Los Angeles County Supervisor Mark Ridley-Thomas from the 2nd District concluded, “Homeownership matters. Homeownership is the kind of investment that is game changing to many families and many communities.”

Assemblymember Ed Chau and Supervisor Mark Ridley-Thomas presented KCCD with certificates of recognition.

LA City Councilmembers Mitch O’Farrell, 13th District, and Paul Krekorian, 2nd District shared how the home buying process can be daunting, but through agencies like KCCD, homebuyers can make their dream of homeownership a reality.

Councilman Mitch O’Farrell stated, “I always like to tell people that the dream is within your grasp no matter your circumstance… the American Dream can be achieved and the City is doing everything we can to make it more possible for everyone.”

Councilman Paul Krekorian mentioned how the City of Los Angeles has programs available to give opportunities to first-time homebuyers, such as its down payment assistance program. “We all know it is much harder to preserve those opportunities for people today… and I am very pleased that our City in Los Angeles has some programs to do that.”

Alex Kim, from the office of LA City Councilmember David E. Ryu, 4th District, shared “I just want to say on behalf of Councilman David Ryu, that we both have been there since the very first KCCD Homeownership Fair… It doesn’t take just one individual or department or government entity, it takes a group to do things.” In addition, Becky Lee, the Field Deputy of U.S. Congressman Xavier Becerra, CA District 34 also attended to support the event.

The seminar covered a multitude of helpful home buying topics presented by Yang-Uk Kim, Broker Associate from ReMax Tiffany on real estate tips, Melinda Opperman, SVP of Community Outreach and Industry Relations from Springboard Credit Counseling, providing expert advice on credit building and debt management, and Chris Untiet, Director of Faith Relations for Habitat for Humanity, explaining homeownership and home repair programs available for those who are low-income. Moses Kim from KCCD shared about KCCD’s homeownership program, which includes homebuyer education classes offered in English and Korean along with its pre-purchase counseling to help get potential homebuyers for mortgage readiness.

Lenders also presented special community loan products that are available to first-time homebuyers. These products include low down payments (3% down payment and no mortgage insurance), 100% financing options, and lender down payment/closing cost assistance programs. Lenders that presented include Boston Private, U.S. Bank, BBCN Bank, CalHFA, BBVA Compass, and Bank of America.

During the seminar, participants had the opportunity to win raffle prizes. Prizes included gift cards, golf bags, sporty folding chairs, T-shirts, and bottles donated by various partners. The grand prize winner was presented with a Samsung Galaxy tablet.

KCCD would like to give a special thanks to our partners who provided raffle prizes – Boston Private, U.S Bank, Wilshire Bank, Bank of America, BBVA Compass, Habitat for Humanity, and Integra Escrow.

Hyepin Im, KCCD President and CEO, closed by thanking the various speakers, partners, exhibitors, elected officials, and volunteers. Participants had a chance to meet and connect with various exhibitors and professionals after the seminar concluded.

Thank you to all our exhibitors!

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