HOME OWNERSHIP:
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HFH of Marion County is currently seeking applications
for our second habitat home. Below are conditions which have
to be met in order to become a Habitat homeowner.
The family is provided a no interest, no profit loan which
they have to repay. The reason the house is affordable is
because there is no interest or profit and most of the labor
is donated.
A typical house (1000-1200 square feet) will cost around $30,000-$35,000
and the payments are very low ($150-$250/month).
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Criteria for Partner Families:
Hamilton/Moore
Construction Schedule
Skills & Interest Form |
For a family to qualify for a house they have to meet three
criteria:
1) The prospective Partner Family must be living in inadequate
shelter.
There are a whole range of things that classify need - for
more information please phone or email.
The prospective Partner Family with the greatest need
will have a house built for them, assuming they meet the next
two criteria.
2) The prospective Partner Family must have the ability
to pay.
Again, the house is not given to the homeowner, they have
to be able to pay back the loan. So, they have to have some
source of income. The loan is provided to the family through
Habitat, not a bank, but the family can default on the loan
if they can’t pay.
3) Partnership - The family also has to put in
"sweat equity" - in other words they
have to work 300 hours to build their own home. This is a
very important item. Family members and friends can also help
to accomplish some of the sweat equity hours.
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