Self-Help Housing is a group method build where 4-10 families come together under the guidance of a Construction Supervisor employed by South Central Community Action Partnership to build their own homes. Families provide 65% of the labor themselves by committing 35 hours a week with friend and family volunteers. By putting in the “sweat equity” the family does not have to come up with a down payment and moves into their new homes with an instant equity of generally $20,000 to $25,000.
- No down payment
- Subsidized house payment as low as 1% interest
- 100% financing from construction to homeownership
Advantages of building your own home
- Learning the skills and knowledge of construction
- Providing a home for your family
- Building instant equity
Requirements
- Meet income guidelines
- Have fairly good credit, credit check required
- Commit to 35 hours a week with friends/family support
- Must be a legal resident or citizen of the United States
