Local non-profit receives grant to build 40 homes
KJCT NEWS 8 - January 20, 2010
GRAND JUNCTION, Colo. (KJCT) -- A new grant is helping a local non-profit build 40 homes in either Palisade or Fruita.
The houses will help struggling families facing difficulties securing a home loan.
"This program the big factor is, it's allowing people who don't have that option currently in the market, with the other loans that are available, to have their own home. It's kind of reaching whole different demographic of people," says Katie Wilson with the Housing Resources of Western Colorado.
Housing Resources of Western Colorado says it's a great way for families to provide a better future for their families.
The group has constructed similar neighborhoods in Clifton.
The program requires eligible candidates to help build their home in exchange for waiving a down payment and making them eligible for a reduced mortgage rate.
The non-profit received just under $950 thousand dollars for the project. They'll be building the homes with the next 2 years.
To apply for the program follow this link. The application provides all the needed instructions.
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