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Application Orientation Lancaster County March 2010

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Application Orientation Lancaster County March 2010 What is Habitat for Humanity? Habitat for Humanity is a non-denominational Christian housing ministry dedicated to ... – PowerPoint PPT presentation

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Title: Application Orientation Lancaster County March 2010


1
Application Orientation Lancaster County March
2010
2
What is Habitat for Humanity?
  • Habitat for Humanity is a non-denominational
    Christian housing ministry dedicated to selling
    affordable houses to qualified applicant families.

Photo by Kim MacDonald
3
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.

4
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!

5
How does Habitat for Humanity select families?
  • Application Process includes
  • Submit completed application and paperwork
  • Credit check
  • Home visit
  • Violent offender registry check

6
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

7
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

8
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

9
Ability to pay Income Eligibility
  • Maximum Income per household
  • 1 person 37,800
  • 2 people 43,100
  • 3 people 48,600
  • 4 people 53,900
  • 5 people 58,200
  • 6 people 62,500

10
Current Projects
  • South West Lancaster City
  • 19 homes on Fairview Ave.

11
Current Project Income Guidelines
  • Fairview Build
  • Taxes and Homeowner Ins. - 410 per month
  • Principal payment 400 per month
  • Homeowners Association 70 per month
  • Minimum income is 33,000 for this project.

12
Current Project Income Guidelines
  • Ephrata Build
  • Duplex in larger mixed income neighborhood
  • Taxes and Homeowner Ins. - 300 per month
  • Principal payment 400 per month
  • Homeowners Association 20 per month
  • Minimum income is 27,000 for this project.

13
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.

14
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.

15
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.
Photo by Kim MacDonald
16
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.

Photos by Trevor Kobrin, Kim MacDonald and Neal
Gallagher
17
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

18
Steps of partnership for the homeowner
  • 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

19
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
  • Principal amount for 20-30 years (400)
  • Taxes and insurance vary each year
  • Payments 700-1,000

20
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

21
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!

22
Any Questions?
Do you understand the requirements and criteria
for homeownership? Do you understand what
Habitat for Humanity will offer?
23
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

24
Wait to hear from us
  • Make sure we can reach you by telephone!
  • If your contact
  • information changes,
  • please let us know.

25
Lancaster Area Habitat for Humanity
  • Thank you for your time!

443 Fairview Ave. Lancaster, PA
17603 www.lancasterhabitat.org 717-392-8836 x 208
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