The Idaho Partners for Home Buyer Education, Inc. (IPHBE) was created by a group of organizations interested in promoting home buyer education throughout Idaho. The organization was formed in response to one of former Governor Batt’s Affordable Housing Task Force recommendations and led by the Idaho Housing and Finance Association (IHFA). IHFA, along with other housing-related organizations, developed the home buyer education program to be implemented throughout the state, with the aid of Regional Training Partners.

There are five other training partners offering free home buyer education throughout Idaho: Neighborhood Housing Services, Inc. in Boise, St. Vincent de Paul in Coeur d’Alene, Pocatello Neighborhood Housing Services, Inc., the Greater Idaho falls Association of REALTORS® and the College of Southern Idaho in Twin Falls. Funding for the education initiative comes from IHFA, the U.S. Department of Housing and Urban Development, Bank of America, Fannie Mae, First Security Bank, N.A. and U.S. Bank.

The IPHBE will manage implementation and administration of the program’s four objectives:

• to develop programs of quality standardized home buying and home ownership education,
• to facilitate wide delivery of its home buying and home owner educational programs throughout Idaho;
• to target its educational programs to reach diversified markets, including various socioeconomic groups—specifically low and moderate-income households and first-time home buyers; and
• to enhance the lives of citizens throughout Idaho, as well as the participating communities, by providing better home buying and home ownership education.

Qualified industry professionals volunteer their time as instructors and teach home buyer education to potential or existing home owners in a traditional classroom setting. Participants are

required to spend six to eight hours in the class to successfully complete the course. Lenders throughout Idaho are offering various incentives to potential home buyers for their participation, including qualifying for down payment assistance, reduced mortgage insurance premiums and access to special loan programs.

"When home buyers are educated about the process of purchasing a house, they become more successful home owners," said Gerald Hunter, IHFA president and executive director. "This, in turn, leads to lower default rates and healthier neighborhoods. It’s a winning situation for everyone involved—home buyers, lenders and communities."

Membership in IPHBE, Inc. is open to organizations statewide. For more information on Finally Home! contact Darlene Joyce at 208-331-4847.