Grand Valley Business Times
January 28-February 10, 2010
A nonprofit organization has received nearly $1 million in federal funding to construct 540 homes in Mesa County over the next two years through an affordable housing program.
Housing Resources based in Grand Junction received a grant of $946,240 from the U.S. Department of Agriculture Rural Development to build the homes in the Palisade area.
Since Housing Resources established its mutual self-help housing program in 1996, participants have built more than 300 homes in Mesa County and surrounding areas.
The program offers participants the means to afford their own homes by performing a portion of the construction labor themselves. Participants work at least 30 hours a week for six to eight months under qualified supervision. That "sweat equity" constitutes the down payment on the home and also allows participants an opportunity to qualify for reduced mortgage interest rates.
The mutual self-help housing program is free and requires no previous construction experience. However, participants must be at least 18 years old, have an income of less than 80 percent of the area median income and meet USDA Rural Development credit and allowable debt requirements. Participants can't currently own a home.
Housing Resources provides affordable housing and promotes the sustainable use of resources. In addition to the self-help housing program, the organization operates rental properties, manages housing rehabilitation and weatherization programs and offers a range of housing assistance and counseling services.
WANT TO APPLY?
To apply for the mutual self-help housing program, schedule an appointment with a Housing Resources family coordinator to determine eligibility. For more information about the program or Housing Resources, call 241-2871 or visit their website.
Do you want to build your own home but think you can't afford it?
Use your labor building the home as the downpayment.
Do you own or rent your own home and need help getting it ready for winter?
Weatherizing a home can save you money and help keep your home cool in the Summer and warm in the Winer.
Do you own your home and need assistance repairing it?
We are now serving Mesa and Garfield Counties with this program!
Looking for a home to rent?
We have several properties that my fit what you are looking for.
See how you can volunteer with Housing Resources.
Volunteers make a HUGE difference!
Take a look at what's going on at Housing Resources:
Home Buyer Education Classes