Housing

Looking for an affordable opportunity to buy

a simple, decent home?

Family Selection Criteria

Routt County Habitat for Humanity will look at three distinct criteria when reviewing potential “partner families”.

The selection criteria are the following:

1. Your family’s actual housing need based on the suitability of your current shelter.
2. Your income and ability to pay for a Habitat house.
3. Your willingness to participate as a partner with Habitat for Humanity.

Need

1. You will be considered for a Habitat home if your present housing is not adequate, and if you are unable to obtain adequate housing through conventional means.
2. Lack of adequate housing may include problems with the present structure; water, electrical, or sewage service systems; heating systems; etc. Also taken into consideration are the number, the ages and the gender of children compared to the number of bedrooms in your present home.
3. The percentage of your monthly income that you currently spend on housing is also considered to determine need. You will be required to openly and fully discuss your financial situation in a Habitat application and also with a Habitat interviewer.
4. To qualify for a home with our affiliate, you must have lived in Routt County for at least one year.

Ability to Pay

Your household income must be within the 60% range of the median income guidelines for Routt County, using 2008 figures from Mortgage Revenue Bond. See chart below.

Household Size           Gross (before taxes) Annual Income

One                                            $36,300

Two                                            $45,420

Three or more                            $52,200

Since you purchase the home from Habitat, you must demonstrate your ability to pay the monthly mortgage payment. This payment will include not only the principal loan payment, but also the payment for real estate taxes, homeowner’s insurance and a modest monthly homeowner’s association fee. We will help you to determine if this payment will jeopardize your ability to meet all your other household financial obligations and expenses. We can also help you if you need to develop a budget to determine your eligibility. There is no interest and zero profit on the loan for a Habitat home.

Willingness to Partner with Habitat

When selected, you become a “partner family” in the Habitat ministry. To become a “partner family”, each adult member of your family must complete volunteer work with Habitat, which will count toward your total “sweat equity” contribution to be completed before becoming a homeowner. Your assistance in constructing your home and the homes of others is called “sweat equity”, and includes a large number of hours working on the construction site, attending educational workshops and participating in volunteer appreciation activities.  There is more than enough time for committed partners to complete these hours throughout the construction season.

Both before and after moving into the home, the Family Partnership Committee will maintain an ongoing relationship with you… this includes financial counseling, the legal aspect of home ownership and household maintenance education.

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