VAIL — Habitat for Humanity Vail Valley is now accepting applications for its homeownership program in Eagle County. The deadline to submit applications is 5 p.m. Thursday, Sept. 28. When the application process is complete, five families will be selected to partner with Habitat to build five homes in Gypsum’s Stratton Flats neighborhood during the 2018-19 construction season.
Selected families will pay for their homes with a small down payment and a no-profit, interest-free mortgage. Monthly mortgage payment amounts do not exceed 30 percent of the homeowners’ monthly income. Habitat for Humanity is able to keep the cost of homes down, compared to traditional home-building methods, through discounted and donated materials, volunteer labor and fundraising efforts. Applicants must earn 35 percent to 80 percent of the Area Median Income, which is $30,000 to $70,000 for a family of four in Eagle County.
“There is no typical Habitat family,” said Caitlin Weis, family services coordinator. “The families who partner with us to build a place to call home come from a variety of backgrounds and are selected on a local level. We partner with hospitality professionals, teachers, office workers, housekeepers, restaurant employees and more.”
The basis for a family’s selection is need (current shelter is inadequate or applicant is paying too large of a percentage of income for rent), ability to pay (income, work history, credit score), willingness to partner with Habitat (each homeowner must complete 250 “sweat equity” hours) and residency status (all applicants must be U.S. citizens or permanent legal residents).
“In every Habitat home, you find the work and dedication…
click here to read more.