Post on 18-Jan-2018
Program began in March 1993
Buyers must meet adjusted income limits
Family of 4 Very Low Income $22,000 Family of 4 Low Income $35,200 (HUD Guidelines)
Have good credit
Be approved for a USDA loan CPLC assists family to qualify for the loan
Attend the Housing Counseling Workshops
CHICANOS POR LA CAUSANogales Self-Help
How Does It Work?65% of the construction must be completed by the families (This is considered “Sweat Equity”).
CPLC provides the technical assistance for the construction of the homes
35% of the Construction is done by Registered Contractors
Loan is under USDA (3 Bedroom home loan is approximately $ 74,000).
Time of construction is 3.8 weeks per house.
Mortgage Payment is approximately $ 472 per month.
Other Subsidies include: Self-Help Ownership Program & Affordable Housing Program
36
2725
30
0
5
10
15
20
25
30
35
40
2002-2003 2004-2005 2006-2007 2008-2009
History of Last Seven Years (2 year funding cycles)
Program develops positive community impact
Teaches maintenance and repair skills
Method for families to gain and retain assets
Program develops pride, security and family stability
The Results