Transcript Home Orientation Presentation

Application Orientation
Lancaster County
March 2010
What is Habitat for Humanity?
Habitat for Humanity
is a nondenominational
Christian housing
ministry dedicated to
selling affordable
houses to qualified
applicant families.
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Photo by Kim MacDonald
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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Owning a home means…
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!
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How does Habitat for
Humanity select families?
 Application Process includes:
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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 pay
Amount 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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Ability to pay
Residency Requirements
 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
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Ability to pay
Income Eligibility
Maximum Income
1 person
2 people
3 people
4 people
5 people
6 people
per household
$37,800
$43,100
$48,600
$53,900
$58,200
$62,500
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Current Projects
South West Lancaster City
19 homes on Fairview Ave.
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Current Project
Income Guidelines
Fairview Build
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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 Project
Income Guidelines
Ephrata Build
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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.
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Photo by Kim MacDonald
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.
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Photos by Trevor Kobrin, Kim MacDonald and Neal Gallagher
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
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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
house
Before home purchase:
 Approximately 1% of sales price ~$1,500
After home purchase:
 Monthly mortgage payments, includes principal,
taxes, and insurance:
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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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Any Questions?
Do you understand the requirements and
criteria for homeownership?
Do you understand what Habitat for Humanity
will offer?
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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: Deborah
717-392-8836 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.
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Lancaster Area
Habitat for Humanity
Thank you for
your time!
443 Fairview Ave.
Lancaster, PA 17603
www.lancasterhabitat.org
717-392-8836 x 208