application orientation lancaster county march 2010
TRANSCRIPT
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What is Habitat for Humanity?
Habitat for Humanity is a non-denominational Christian housing ministry dedicated to selling affordable houses to qualified applicant families.
Photo by Kim MacDonald
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You can buy a house!
Habitat for Humanity provides: An affordable house – Habitat for
Humanity makes no profit. An affordable mortgage - Habitat for
Humanity charges 0% interest. Solid, reliable program – building homes
in Lancaster County since 1986.
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Joys More success in school for kids,
personal space and decorating choices!
Responsibilities Paying the mortgage on time, mowing
the lawn, shoveling snow, changing light bulbs and the batteries in fire alarms, more bills to pay!
Owning a home means…
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How does Habitat for Humanity select families?
Application Process includes: Submit completed application and
paperwork Credit check Home visit Violent offender registry check
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Ability to pay
Must have sustainable income Debt must not be excessive No liens or judgments No back Child Support payments Consistent payment history with rent Ability to make applicable down
payment and closing costs 3 years since
Bankruptcies/Foreclosures
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Ability to payAmount of your debt
How much money do you owe? School loans Car loans Bank credit cards Store credit cards or accounts Utility bills Medical bills
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Must live in Lancaster County for 1 year before applying
If employed, working with same company for at least 6 months
Must be a Permanent Resident or US Citizen
Entire household must live in this County
Ability to payResidency Requirements
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Ability to payIncome Eligibility
Maximum Income per household1 person $37,8002 people $43,1003 people $48,6004 people $53,9005 people $58,2006 people $62,500
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Current Project Income Guidelines
Fairview Build Taxes and Homeowner Ins. - $410 per month Principal payment – $400 per month Homeowner’s Association – $70 per month
Minimum income is $33,000 for this project.
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Current ProjectIncome Guidelines
Ephrata Build Duplex in larger mixed income neighborhood Taxes and Homeowner Ins. - $300 per month Principal payment – $400 per month Homeowner’s Association – $20 per month
Minimum income is $27,000 for this project.
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Need for Housing criteria:
Overcrowded living conditions. Substandard living conditions. Paying more than 30% of monthly
gross income for housing expenses. Denied a traditional mortgage. Currently living in public housing, or
Sec 8.
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Willingness to partner criteria
Returns application complete and on time Returns phone calls promptly Agrees to complete 500 hours of sweat equity Agrees to save toward 1% down payment Agrees to attend homeowner workshops Creates safe environments for neighbors.
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Partnership is a key part of Habitat for Humanity
Many individuals, groups, churches, companies and local organizations support and participate in Habitat for Humanity.
Homeowners are participants.
EVERYONE is considered a partner.
Thousands of students partner with Habitat through Collegiate Challenge, an alternative Spring break program.
Photo by Kim MacDonald
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Homeowners’ sweat equity
Our affiliate requires families to complete 500 sweat-equity hours: Construction Workshops Office mailings Interviews
Minimum of 16 hours a month Family members or friends
can help with this requirement.
Photos by Trevor Kobrin, Kim MacDonald and Neal Gallagher
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Required workshops for homeowners
Match Savings Account with Tabor CS (budgeting and financial planning)
Home Maintenance Zoning and Permits Being a Good Neighbor Understanding Your Settlement
Paperwork
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Steps of partnership for the homeowner
Complete the Application process (60-90 days). Acceptance by Board of Directors. Orientation for program. Sweat equity hours are completed (6 mos – 2
yrs). Home is built with your partnership. Move In and Settlement on home.
Average time frame – 1 to 2 years
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Typical financial obligations to buy a Habitat for Humanity houseBefore home purchase:
Approximately 1% of sales price ~$1,500
After home purchase: Monthly mortgage payments, includes
principal, taxes, and insurance: Principal amount for 20-30 years (~$400) Taxes and insurance vary each year
Payments: ~ $700-1,000
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House selling price
Estimated costs for a home sold for $140,000:
Over 20 years, this equals a monthly principal payment of $584 + taxes and insurance.
Over 30 years, this equals a monthly principal payment of $389 + taxes and insurance
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Please know that…
Some families apply 2 or 3 times before they become eligible.
We WANT to work with you. If you are not accepted the first time, please return to our office at a later date and apply again!
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Do you understand the requirements and criteria for homeownership?
Do you understand what Habitat for Humanity will offer?
Any Questions?
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How to apply
Return application by April 30, 2010
Applications are available here or in our office at 443 Fairview
Ave., Lancaster
Contact: Deborah717-392-8836 x 208
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Wait to hear from us…
Make sure we can reach you by telephone!
If your contact information changes, please let us know.
Lancaster Area Habitat for Humanity
Thank you for your time!
443 Fairview Ave.
Lancaster, PA 17603
www.lancasterhabitat.org
717-392-8836 x 208