The Region Five Development Commission is looking for more families for the second construction phase of the Self-Help Housing program.
The Rural Development program is a home construction program where low-income families help build their home, as well as help others build their homes, and pay for it through a low-interest rural development loan.
Shannon Worden, housing assistant for Region 5 and the program, said one family is approved for the program and four more families are needed before construction can begin. However, she said more than five families can be recruited if there is interest.
Each family must participate in 65 percent of the work in building their own house, or 30 hours a week.
Individuals do not need any construction experience, must be employed full time and must be unable to obtain conventional mortgage loans.
The family will be responsible for paying for the home and lot. The family applies for a loan through Rural Development before being approved for the program. Through this loan the family does not have to pay a down payment. The loans can have terms for up to 38 years and an interest rate as low as 1 percent.
The USDA looks at what the family earns and what they normally would pay for the home to figure out a monthly mortgage payment.
If interested in the program or for more information, contact Worden at (218) 894-3233.
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