Justin Roche, Executive Director of Homes for Islanders, a non-profit organization, announced Homes for Islanders has purchased 16 lots in Foxhall to secure them for self-help homebuilding by 16 very low to low income individuals and families on San Juan Island. The constructed homes will range between 1,800 and 2,000 square feet and each house will be unique to Foxhall, meeting the HOA’s CC&Rs. Applicants who qualify for the loans will own the land without any resale restriction.
Homes for Islanders is a private non-profit 501(c)(3) corporation that runs a program called “Mutual Self-Help” funded by the U.S. Department of Agriculture (through Rural Development) to assist limited income families interested in building their own homes. Homes for Islanders is currently planning to begin construction of the first eight (8) homes in May of 2018. Interested parties should apply now. There are new, two-tier income limits that range up to $71,700 so please do not assume that you will not qualify without at least contacting us and talking us through your situation.
Homes for Islanders services are free to their clients and include:
Formation of building groups who will be working on the construction of the homes.
Assistance in applying for a 502 Rural Housing Mortgage from Rural Development.
Provision of fully serviced, builder ready lots.
Building account management and construction budgeting.
Instructions and training during every phase of the construction process.
This program is for people who cannot afford a down payment typically required to purchase a home and large monthly mortgage payments. Upon successful completion of the program, monthly loan payments will be based upon the applicant’s income level and are often less than their current monthly rent. Those who qualify and are accepted into the program will pay no money down, no out of pocket closing costs and make no mortgage payments during construction. The only costs for qualified applicants will be to pay for their credit report.
The program is called “mutual self-help construction” because the majority of labor to build each home is provided by the homeowner. The applicant’s effort becomes an investment in the building process. Although much of the technical work is subcontracted (i.e. plumbing, electrical & drywall), the applicant saves thousands of dollars by working on the construction of the homes in their building group. Self Help builders are ordinary people with an extraordinary desire for home ownership. This approach substantially reduces the costs of construction and essentially provides the down payment and builds sweat equity for the homeowner.
Pre-Applications are now available for people desiring this opportunity. If you are interested in this program and want to build your own home, you may request a pre-application from Homes for Islanders by telephone (360) 370-5944, by email ([email protected]), or by visiting the Homes for Islanders office at 640 Mullis Street, Suite 102b to acquire a pre-application (our website is in need of updating at present).