Chenoa Fund Blog

Everyone deserves a fair shot at becoming a homeowner and planting generational roots in a family home. Unfortunately, there are unique challenges that minorities face  that have historically prevented them from becoming homeowners. In this article, we will uncover how CBC Mortgage Agency’s down payment assistance program Chenoa Fund and initiatives like UHOUSI can make … Continue reading "The Changing Color of Homeownership"

Be part of the solution. Minorities have 1/10th the net worth of Whites. According to two prominent African American leaders, this wealth gap is the greatest civil rights issue of our day. Homeownership is the best vehicle for acquiring wealth. You can enable the engine of wealth creation in your community by helping minorities learn about down payment assistance programs to buy now … Continue reading "June 5, 2020"

June 5, 2020 Be part of the solution. Minorities have 1/10th the net worth of Whites. According to two prominent African American leaders, this wealth gap is the greatest civil rights issue of our day. Homeownership is the best vehicle for acquiring wealth. You can enable the engine of wealth creation in your community by … Continue reading "As Seen in the Chrisman Report"

May 6, 2019    Cedar City, UT –  In 2013, the Cedar Band of Paiute Indians decided to diversify its economic efforts by launching a mortgage agency. For the next three years, and without any outside investment, the Band built CBC Mortgage Agency (CBCMA) into a thriving company that provides down payment assistance to creditworthy … Continue reading "Cedar Band Corporation Puts Profits to Work for the Community"

Dear Home Buyer: We believe that the FHA recently violated federal law by making changes to its insurance program that may prevent us from helping you with your down payment. This was done without first following the proper process of public notification, allowing for a public comment period, considering the comments in their final policy, … Continue reading "Dear Home Buyer"

If you are a borrower affected by the HUD Mortgagee letter please visit this link to tell us your story and how you’ve harmed: For Were You Affected by the New Mortgagee Letter? >> ABOUT CBC MORTGAGE AGENCY    CBC Mortgage Agency (CBCMA) provides down payment assistance to borrowers who need help obtaining a home … Continue reading "HUD Mortgagee Letter 2019-06"