Habitat of Greater Chattanooga opens the application process to select future owners on Monday, July 11.
The faith-based nonprofit housing organization has been making a difference in the lives of Chattanoogans since opening in 1986. They are guided by the vision of building strength, stability and self-reliance in partnership with families who need decent and affordable housing. residence.
When the application process opens, successful future homeowners must meet three program requirements. First, they must demonstrate housing need by living in low-income/high-cost housing; unsafe housing; crowded conditions; homelessness; hazardous environment; or that the home cannot accommodate the needs of a disabled household member.
Second, applicants must have the ability to pay. They must have the ability to pay a 30-year 0% interest rate mortgage. The payment for the house includes principal, property taxes and home insurance. Applicants must meet low income guidelines based on family size.
Finally, applicants must be willing to participate in Habitat’s “Sweat Equity” program. Each future homeowner must complete 15 hours per month of the minimum 300 hours of volunteer work required before moving into their new home. Craftsmanship Equity is the direct involvement of future homeowners in the construction of their home, as well as other Habitat and community activities. Families also attend education classes to supplement their sweat equity hours.
Habitat President and CEO Jens Christensen said, “It is always humbling to open the application process. We see individuals struggling to meet very basic human needs. When they are selected, we know the trajectory of their family’s future is about to be changed forever. As owners, they will begin to build up a generational heritage. With the help of our future owners and volunteers from across the community, we are bringing real change to Chattanooga. For us, there is simply no higher calling.
Those interested in becoming future homeowners are encouraged to apply online when Habitat application portal opens Monday July 11. The application process will be open until August 31, 2022.
Operating in Chattanooga since 1986, Habitat for Humanity of Greater Chattanooga Area is a nonprofit, faith-based organization whose vision is a world where everyone has a decent place to live. Dedicated to transforming the Chattanooga area by working with corporate partners, foundations, churches and thousands of volunteers to build simple, decent and affordable homes in partnership with low-income families.
Chattanooga Habitat has built 283 homes providing more than 1,000 women, men and children with the joy and security of Habitat homeownership. Dozens of other families have benefited from Habitat’s home repair work, which includes repairs and weatherization. Habitat Chattanooga builds more than just homes – we build strength, stability, and self-reliance through shelter.