Habitat for Humanity staff are planning to host two information sessions about a Blackfalds home.
The energy-efficient house, which has three bedrooms, 1.5 bathrooms, and an unfinished basement, is located on Vista Trail.
“We will be hosting one in-person session, and one Zoom session for anyone interested in learning about the Habitat Affordable Homeownership program, and/or wanting to apply for the home available,” noted a release.
The Zoom info session will be held on Feb. 21st from 6:30-7:30 p.m.
The in-person session will be held at Crossroads Church in Red Deer on Feb. 27th from 6:30-8:00 p.m.
“If you want to apply for our program, it is mandatory to attend an information session. These sessions are open to everyone, even if you don’t want to apply for the home available and only wish to obtain further information about Habitat.”
To register for a session, or for answers to questions you may have, email Aspen Boone Windrim at Aspen.BooneWindrim@habitatreddeer.ca or call her at 403-309-6080 (ext. 104)
Habitat for Humanity partners with low-income working families who are ready to take on homeownership but aren’t able to get a traditional mortgage on their own.
“We build new homes using help from the community (donated funds, discounted materials/services, and volunteer labor). The homes are then sold to the selected family at fair market value with zero down-payment, on an interest-free mortgage, carried by Habitat.”
The family’s monthly payments are set at no more than 30 per cent of their gross household income, and the payments are reassessed each year, according to a release.
Families may choose to live in the home forever and pay off their mortgage, or some decide after several years that they are ready to move on and purchase a new home.
If they would like to move out at any time, Habitat may purchase the home back, complete any repairs, and select a new family to purchase the home.
Families are selected based on various criteria relating to their ability to pay a mortgage and other homeowner expenses, current living conditions, need for affordable housing, and willingness to partner with Habitat.
The basic eligibility criteria needed to apply include:
- Total gross household income before deductions is between $45,000 — $70,000 (including employment, AISH, child tax credit, etc.)
- Currently does not own any real estate.
- A parent in the home is currently employed full-time.
- At least one dependent child lives in the home (at least 50 per cent custody).
- Has been discharged from bankruptcy or consumer proposal for more than three years (if applicable).
- Is a Canadian citizen or permanent resident for three years or longer.
- Is willing to contribute 500 volunteer hours with Habitat and in the community before taking possession of the home (starting from the time of acceptance).