• Income Limits Fayette County

• Housing Screening Interview

• Annual Credit Request Form

• Fayette County Brochure

• Ross County Brochure

• brief_selfhelpsite.htm

• Self Help PowerPointPresentation

The mission of Self-Help Housing is to facilitate the production of affordable housing and the development of sustainable communities throughout Fayette and surrounding counties in Ohio.  We provide safe, permanent, affordable housing and supportive services for low-income and formerly homeless individuals and families. 

Supportive services provided, will enable individuals and families to become educated in financial fitness, predatory lending and homeownership.  We are committed to livable and sustainable rural communities by asserting the importance of developing safe, healthy, and adequate housing as an integral part of the community infrastructure. 

 We are dedicated to smart growth and the achievement of helping people obtain the American Dream of homeownership. 

Services Include: 

• New Home Ownership Opportunities

• Credit Repair & Credit Analysis

• Budgeting

• Financial Literacy

• Homebuyer Education Classes

CAC’s Self-Help Housing Program has been in operation since 1993 and has assisted over 250 families in making homeownership a reality.  Homeowners qualify for a 502 mortgage with USDA, and work in teams to build their own homes.  This process makes the homes more affordable as each family contributes up to 1,000 hours in sweat equity.  Community Action Commission oversees the program and provides technical assistance to the homeowners through the USDA 523 Self-Help Program.   

The Self-Help Program provides a Loan Packager and Group Coordinator to organize the group of families, select suitable building lots and house plans, determine eligibility for a USDA/RD 502 Loan and will assist  in every step of the loan process.  A construction supervisor and manager will train and work with each approved applicant, so that families who have no skill or previous building experience can participate with confidence. 

 We do FREE credit analysis and home buyer education for all applicants. 

Applicants must have incomes at or below 80%  of the area median income (AMI). 

Income Limits
(approximates)
 

Ross & Fayette Counties

1 Person

  $30,100

(some deductions apply)

Call for more details

. . .

Families may be eligible for a subsidy from USDA Rural Development to make their mortgage payment more affordable which includes the principal, interest, taxes and insurance.  The amount of subsidy is determined by family income with payments ranging from 1% interest up to the current note rate.  There is no required down payment.  Repayment feasibility is determined by using ratios of repayment (gross) income to principal, interest, taxes, insurance, and to total family debt. 

. . .

Loan terms are for up to 33 or 38 years. 

Families will perform 65% of the construction labor on each other’s homes under qualified supervision.  The savings from the reduction in labor costs allows otherwise ineligible families to own their own homes.  Families move in to their new homes with an average of $25,000.00 in equity.

SELF HELP HOUSING GOES GREEN

Click here for full article
 

Newsletters