One of the biggest providers of this type of program is the non-profit organization called Habitat for Humanity. You have probably seen them in the news with Ex-President Jimmy Carter helping them build houses. They have even received government money to help support their program.
The typical arrangement is for people with incomes between $9,000 and $30,000. You and your family work an average of 300 to 500 hours building your home or other peoples homes, and in return you get a home with no down-payment and a very low mortgage payment.
Because people provide free labor to build the home, you only pay about $60,000 for a $100,000 home, and you get the money interest free. A typical bank loan can cost you over $700 per month, but through this program you pay only about $200 a month. Other local or national organizations may run similar programs in your area, with or without government financing. To find programs in your area, you can contact: Habitat for Humanity International, 121 Habitat Street, Americus, GA 31709; 229-924-6935; www.habitat.org. To find a local affiliate, call 229-924-6935, ext. 2551 or ext. 2552; Fax: 229-924-0577.
Information Center, Office of Community Planning and Development, P.O. Box 7189, Gaithersburg, MD 20898; 800-998-9999; Fax: 301-519-5027/5622; TDD: 1-800-483-2209; www.comcon.org
Income Eligibility: varies case by case. Contact a program near you to learn specific requirements.
The Matthew Lesko’s Club gives you access to resouces like this and helps you all the way with live libriarians, training videos and application help. All types of free money programs are covered, including help for government grants solar .
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