New York Mortgage Coalition
Founded in 2001, New York Mortgage Coalition is a human services nonprofit focused on housing search assistance. It is a relatively small organization, with $873k in revenue and 4 employees. New York Mortgage Coalition is headquartered in New York, NY and its executive director is Carolyn Rebecca Senn as of December, 2018.
Housing Counseling Program$922k
Nymc housing counseling agencies provide housing counseling services for over 2,100 clients in 2017. Clients who receive a homeownership certificate of completion must complete a minimum of 8 hours of education; 6 hours in a classroom setting and 2 hours of one-on-one counseling with a homeownership counselor. In 2017 nymc generated 477 mortgage commitments. 2 out of 3 clients enrolled in nymc's one-on-one counseling program become mortgage-ready within 6 to 12 months. Since inception, nymc has provided homeownership counseling to more than 30,000 low to middle income families and helped originate over $1 billion in affordable first-home mortgages.
New york mortgage coalition facilitated nine webinars on financial topics co-presented by harlem congregations for community improvement. Materials covered include credit, money management, and budgeting.