Housing Resources Receives Grant to Build 40 Homes
FOR IMMEDIATE RELEASE
For more information contact:
Elaine Matthews, Account Manager
Ryan, Sawyer & Whitney
970-241-4773
Grand Junction, Colo. (January 18, 2010) – Housing Resources received a grant from the U.S. Department of Agriculture Rural Development for $946,240 that is effective through Sept. 30, 2011, with a requirement to build 40 homes in Mesa County within the two-year period.
The Mutual Self-Help Housing program is administered by Housing Resources, a non-profit organization based in Grand Junction, Colo. The program gives families the means to afford their own homes by performing a portion of the labor. Families who participate contribute a minimum of 30 hours of labor per week for approximately six to eight months under qualified supervision. The families’ “sweat equity” eliminates the down payment on the home and allows them to possibly qualify for a reduced mortgage rate.
There is no cost to participate in the program, but the requirements include:
Being at least 18 years of age
Having an income that does not exceed 80 percent of the area median income
Being able to devote at least 30 hours per week of labor (no experience necessary)
Not currently owning a home
Meeting USDA Rural Development credit and allowable debt requirements
Since Housing Resources established the Self-Help Housing program in 1996, over 300 homes in Mesa County and surrounding areas have been built, providing affordable homeownership and helping to develop strong, stable community bonds.
To apply for the Self-Help Housing program, interested families need to make an appointment with the Housing Resources Family Coordinator to determine pre-eligibility. To learn more about the program, call 970-241-2871 or visit their website.
About Housing Resources
The mission of Housing Resources, a 501(c)(3) private non-profit corporation, is to provide affordable housing and to promote the wise and sustainable use of resources. Housing Resources offers pre-purchase and post-purchase educational services, other housing counseling services, opportunities for community revitalization, and the provision of quality, safe, affordable housing for those with low and moderate income. Learn more about Housing Resources here.
