Press

DENVER, Colorado, November 17, 2006—A nonprofit organization, Legacy Housing Fund, is helping teachers, policemen, firemen, and medical professionals who want to buy a home but can't afford the down payment or closing costs.

"A concerned group of Denver and Memphis business people started Legacy this year to honor these people that enrich and protect our lives in so many ways," said Robert Hanusovsky, fund chairman.

The fund gives teachers, policemen, firemen, and medical professionals a chance to realize the American dream of home ownership, he said. It also gives private citizens a way to contribute needed support to the people who serve, protect, and enrich our lives every day.

Legacy Housing Fund is the sister fund of Military Housing Assistance Fund, and they are two of the very few, if not the only, major charities in the United States that gives 100% of the funds it receives to the intended beneficiaries, Hanusovsky noted.

Legacy Housing Fund offers two programs to its clients. One is a gift program to assist in closing costs associated with purchasing a home. Legacy has arranged for a mortgage with 100% financing with a down payment of $500 for its clients with good credit. The second program is a lease option program that helps families with credit problems to lease a home with an option to purchase. Legacy gives its clients the tools for success with a credit repair program and a HUD approved homebuyer-counseling program.

Legacy Housing Fund is a fund of Financial Counselors of America. FCA is a 501(c) 3 nonprofit organization founded in 1991, with headquarters in Memphis, Tennessee. FCA is a member in good standing of the Better Business Bureau, and is an approved mortgage counselor for both Fannie Mae and the Department of Housing and Urban Development.