Victory Housing Development Fund Company, Inc.

 This non-profit corporation was formed to revitalize the community. We seek
to remove slumlords and refurbish abandoned houses. We then act as a liaison
between banks and perspective homeowners to aid them in purchasing their own
home while training them in our Financial Freedom Clinic. Totally rehabilitated
houses are available with no closing costs and FHA assumable mortgages.

Victory Housing is a Certified HUD Counseling Agency. We offer
counseling in Pre-Purchase and Post-Purchase when clients are interested in
purchasing a house, or in budgeting their income, once they have bought their
home.

Our Loss Mitigation counseling offers help to people in the midst of
defaulting on their mortgage payments, especially due to loss of income. Banks
and mortgage companies are mandated by HUD to work with their clients in the
case of default and as counselors, Victory Housing is able to work with the bank
or mortgage company to produce the best possible remedy for the individual
client.

Reverse Mortgages are the HUD backed loans that clients over 62 may obtain to
improve their living conditions through finances, without leaving their homes,
and without making any monthly payments.

Our counseling is paid by HUD and therefore does not cost our clients
anything but time spent in counseling,learning about their opportunities and
assistance available. Most sessions are for an hour or two and follow-up is done
by phone.

VHDFCI SERVICES: