Grant to fund construction of 40 homes in Palisade

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

Grant to fund construction of 40 homes in Palisade