|
About Us |
|
Phone Number: 630-906-9400 Fax Number: 630-906-9406 E-mail: charley@josephcorp.org eva@josephcorp.org |
|
To contact us: |
|
Background: Joseph Corporation is a community-based nonprofit established in 1991 to address affordable housing through homeownership. Over the years, Joseph Corporation has grown to focus on homeownership, lending, and real estate development to accomplish its mission. Since 1999, Joseph Corporation has been a chartered member of the NeighborWorks® America, formerly Neighborhood Reinvestment Corporation, which brings together 235 non-profit housing developers serving over 1,400 communities across the nation. Joseph Corporation is also a United Way funded agency. Mission Our mission is to empower individuals, stabilize families, and revitalize neighborhoods through a variety of economic and social initiatives. Joseph Corporation increases homeownership opportunities by offering education and counseling for first-time homebuyers. We achieve our goal of providing quality, affordable housing through rehabilitation of distressed properties and by developing rental housing. Joseph Corporation employs a professional, bi-lingual staff and is governed by a volunteer board of directors. Programs Joseph Corporation Builds Better Communities through three programs:
Homeownership – The staff of Joseph Corporation works with families through all stages of becoming a homeowner: credit and budget counseling, education about the homeownership process, mortgage counseling, and post-purchase counseling. Joseph Corporation provides information about home buyer financial assistance programs, provides counseling for employer-assisted housing programs, and is a HUD certified homeownership counseling agency.
Neighborhood Revitalization – Through its New Start Program, Joseph Corporation purchases distressed properties and after making necessary repairs, major system updates as needed, and general property improvements; sells the homes to qualified homebuyers. This reinvestment in older neighborhoods has a significant impact on the neighborhood as a whole and often stimulates private investment on other properties. Such reinvestment in older neighborhoods is key to their viability.
Real Estate Development – Joseph Corporation continues to produce quality single-family homes with long-term affordability built into the final product. The New Start Program works with both acquisition/rehab and new construction on vacant lots. As a not-for-profit organization, Joseph Corporation can provide proof of a tax deductible donation for any portion or all of the value of any property donated to us. Coulter Court Residences, developed by Joseph Corporation, provides 38 affordable one-bedroom apartments in a beautifully rehabbed historical building in downtown Aurora. Additionally, Joseph Corporation maintains ownership interest in two affordable apartment complexes serving the senior population: Rose Terrace in Oswego and The Meadows in Elburn.
Accomplishments: In 2006 Joseph Corporation: · Provided budget, credit, and/or homeownership counseling for 225 families. · Helped 49 families qualify for a mortgage and become new, educated homeowners. · Generated over $8 million from local partnering lenders in mortgages, thus helping revitalize Aurora area.
Since 1999, Joseph Corporation has been a chartered member of the NeighborWorks® Network, founded by Neighborhood Reinvestment Corporation, which brings together 235 non-profit housing developers serving over 1400 communities across the nation. |
