Mutual Self-Help Housing
Self-Help homes are designed to be affordable. Participants have no down payment and mortgage payments are tied to income. Monthly mortgage payments will range from $450 to $750. Many times, mortgage payments are less than the rent a family was paying before home ownership. Homes are constructed in groups with every homeowner in the group to complete all of the homes before move-in.
Participants provide 65% of the labor necessary to construct their homes. This helps to keep costs down. For example, a home owner may only have a $125,000 mortgage for a home that appraises at $147,000. The labor participants put into their homes a significant amount of "sweat" equity upon move-in.
Since construction began with the first group in 1998, EICAP's Mutual Self-Help Housing program has completed 150 homes and counting. The 150 families included a total of 328 children at time of move-in. Homes have been constructed in Rigby, Rexburg, Sugar City, Shelley, Roberts, Teton and Ucon.
Mutual Self-Help Housing is a Rural Development home ownership program. EICAP was the first self-help grantee in Idaho. See the following videos to see what the program is all about.
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