Financial Literacy
Embarking on the journey to homeownership is a significant undertaking that demands hard work and determination. At Nobility Inc., we recognize your commitment to this challenge, and we’re here to support you every step of the way.
Our commitment goes beyond handing you the keys – we strive to empower you with the knowledge and tools needed for sustained success. A key component of our support system is providing comprehensive financial education.
What to Expect from Our Financial Education Classes
In our financial education classes, we delve into crucial topics such as budgeting, credit cards, credit reports, debt, and loans, saving, investing, and future planning, including handling emergencies and understanding Habitat homeowner mortgages. This comprehensive understanding of essential concepts becomes a valuable tool in your toolkit for building a brighter future.
Join us in these classes to not only prepare for homeownership but also to equip yourself with the financial knowledge needed to navigate life’s journey successfully. At Nobility Inc., we are here to empower you, ensuring that your homeownership journey is not just a milestone but a launchpad for your dreams and aspirations.
WorkForce Development
Unlocking Potential:
The Essence of Workforce Development
Workforce development stands as a pivotal aspect of economic growth, dedicated to cultivating and honing the skills of our workforce. It operates on a dual front, enriching the capabilities of existing employees within businesses while simultaneously nurturing a pipeline of fresh talent for local enterprises. At its core, workforce development is the bridge that connects employers with both current and prospective employees, fostering economic prosperity within a region. This vital link is forged through a diverse array of programs and networks.
The Importance of Soft Skills
In the dynamic landscape of workforce development, soft skills reign supreme. Attributes such as effective communication, active listening, and a positive attitude are pivotal factors that employers prioritize when seeking new hires. Recognizing the significance of these qualities is integral to creating a workforce that not only meets but exceeds the demands of the modern workplace.
Tailored Training Programs for Success
Employers play a crucial role in the journey of workforce development, and various programs are designed to facilitate the enhancement of employees’ skills.
In essence, workforce development is a dynamic and collaborative effort. It not only shapes the capabilities of individuals but also contributes significantly to the overall economic vitality of our communities. Join us in this journey of growth and development, where every skill honed is a step towards a more prosperous future.
Fostering Affordable Living
The Objectives of Our Workforce Housing Initiative
At the heart of our Workforce Housing program lie clear and impactful goals:
Enhancing Affordability
Promote the construction of housing accessible to households with incomes at or below 120% of the area-wide median.
Enable individuals and families within this income bracket to enjoy a broader range of housing options within the County.
Addressing Critical Housing Gaps
Increase housing availability for public employees and workers facing challenges affording residences close to their workplaces.
Support County employers in overcoming labor shortages by offering accessible housing for skilled and semi-skilled workers.
Alleviating Traffic Congestion
Reduce commute distances for County employees, encouraging residency within Metro Station Policy Areas.
Mitigate traffic congestion by fostering a closer alignment between residence and workplace.
Defining Affordable Housing
While various factors influence housing affordability, income disparities, and rent increases stand out prominently in the rental market. The U.S. Department of Housing and Urban Development (HUD) defines affordable housing as when rent or mortgage costs do not exceed 30% of the household’s gross monthly income. In Raleigh, over 33% of households are labeled as “cost-burdened” or “severely cost-burdened,” spending 30% or more of their gross income on housing each month.
Addressing Income Disparities
HUD’s affordability benchmark is crucial for understanding housing challenges, especially for low- and moderate-income households.
Raleigh’s initiatives include homebuyer assistance, repair programs, and low-cost loans for housing developers to boost the supply of affordable rental units.
Achieving Our Goals
Our commitment to meeting these goals is reflected in the creation and preservation of housing units through:
Construction of new single-family homes and townhomes for affordable home buyers.
Development or preservation of affordable rental apartments.
Provision of financial assistance to homebuyers through our assistance program.
Repair and rehabilitation of owner-occupied homes through the Homeowner Rehab and Limited Repair Programs.