This "sweat-equity" home building program provides new construction of single family homes on subdivision lots for home buyers that earn a low to moderate income. Families must be willing to provide their time and talents in the construction of their home.
 This sweat equity from the owners substantially reduces the down payment. Local contractors are used for the site development and construction such as concrete work, framing, plumbing, heating, electrical wiring, and sheet rock.
Program Guidelines
- Eligibility is based on total household income vs. total debts.
- Financing is through USDA Rural Development for 33 or 38 years.
- Payments are subsidized according to household size and income.
- Applicant must have a good credit history. NO OUTSTANDING COLLECTIONS, JUDGMENTS, OR TAX LIENS.
- Applicant must be at least 18 years old.
- Applicant must be able to put in 30 hours per week of physical labor to help build all houses in the group for approximately six to eight months.
- Group size is usually 9 to 11 families.
- No one moves into their home until ALL homes in the group are finished. All families move in at the same time.
- All homes must be located in a rural area. Housing Resources provides the lots.
- Homes are three bedrooms, two full baths, and have a double car garage. Square footage is 1181 and 1171.
- Applicants are to fill out the pre-qualification package and make an appointment with the Family Coordinator to determine pre-eligibility.
Contact us for more information
Now Accepting Applications for:
- Copper Canyon, F ¼ Road and 33 Road, Clifton, Colorado
- Fruita area
- Palisade area
Self-Help Housing Program Application
Past Locations:
- Dougherty Subdivision, McCune and Redbud Court, Fruita
- Cedar Park Subdivision, 18 Road and Kiefer Ave, Fruita
- Evening Breeze Subdivision, Ottley and Juniper Streets, Fruita
- Arrow Leaf Subdivision, 33 & E-1/4 Roads, Clifton
- Aspen Grove Subdivision, 32-1/2 & E Roads, Clifton
- Fruitvale Meadows, 30-3/4 and D-1/2 Roads,Fruitvale
- Orchard Grove, 17 & 1/2 and Ottley, Fruita, Colorado
- Gentle Wind, D&7/8ths Road and 32 Road, Clifton, Colorado
- Colony Meadows, F ½ Road and Colony Road, Clifton Colorado
- Copper Canyon, F ¼ Road and 33 Road, Clifton, Colorado
Over 270 units completed by HRWC since 1997
Housing Information:
- 3 bedrooms, 2 bathrooms, 2 car garage (approx. 1181 and 1171 sq feet living space)
- E-Star rated. Homes are built to exceed Colorado E-Star Energy Efficiency Rating
- Target Population: Families earning no more than 80% of the Area Median Income, an approximate maximum of $45,000 for a family of four
- Average Cost of Construction: $156,000
- Financing Sources:
- USDA Rural Development (1st mortgage loans-interest rates as low as 1%)
- FHLB grants (Second mortgage-forgivable after 5 years)
- Additional funding from community development financial institutions
- Down payment provided by sweat equity at minimum of 30 hours/week during construction
|
