Not sure how many people get the CFO of Florida's Newsletter....This article is a re-post from the newsletter of Chief Financial Officer, Alex Sink, for the state of Florida, that I found valuable.
JUNE IS NATIONAL HOMEOWNERSHIP MONTH
The goal for the month is to help consumers achieve the American Dream of homeownership.
As part of CFO Alex Sink's ongoing effort to promote financial literacy, the Department is participating in first-time homebuyer workshops around the state to help promote homeownership and retention. The workshops are designed to empower future homeowners in their understanding of the home-buying process and help them set manageable financial goals.
CFO Sink oversees Florida's Financial Literacy Council, and in this capacity she has worked to raise awareness about the need for increased financial literacy among Floridians and access to information and resources to support good financial decisions. Such information is more important than ever as more citizens seek to take advantage of The American Recovery and Reinvestment Act of 2009, which provides a tax credit of up to $8,000 for purchasing their first home.
Through her regional outreach coordinators, CFO Sink helps educate consumers about the impact of homeownership in their communities. Other topics include wise use of credit cards, protection from identity theft, homeowners insurance and the first-time homebuyer workshops.
The Department's first-time homebuyer presentation focuses on the basic coverage available in a standard homeowner insurance policy, explains the difference between the two deductibles found in standard homeowner policies (all perils deductible versus hurricane deductible), covers policy limitations and exclusions, and discusses purchasing flood insurance coverage.
For more information on CFO's financial literacy efforts, visit www.myfloridacfo.com.
