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Habitat for Humanity to open 2019 Homeownership Program Applications

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Posted at 3:04 PM, Sep 02, 2019
and last updated 2019-09-02 16:04:13-04

LAFAYETTE, La. - Lafayette Habitat for Humanity is releasing applications for its Affordable Homeownership Program on September 3, 2019. Applications will be available on Lafayette Habitat's website, and their program office, 823 W. Congress St. Application information sessions will be held at the Progressive Community Outreach Center located at 125 Gallian Street on Thursday, September 12, 2019 at 5:30p.m., and on Tuesday, September 17, 2019 at 5:30p.m.

Habitat builds homes in partnership with families who have the financial and personal capacity to be homeowners, but who can't qualify for conventional financing. Habitat leverages volunteer labor and donations of funding and materials to complete the construction of its homes. Eligible applicants must have current housing need, be able to make an affordable monthly mortgage payment, and be willing to partner with Habitat to accomplish sweat-equity hours and other requirements, like completing financial education and homeownership classes.

Lafayette Habitat's Affordable Homeownership Program is not a giveaway. The qualified homebuyers pay for closing costs and make monthly mortgage payments. Homeowners invest hundreds of hours of their own labor in building their Habitat house. Habitat homes are sold to participants of its Affordable Homeownership Program for no profit. The sale is financed with an affordable 20-30-year mortgage loan. These mortgage payments are then recycled to build more homes.

Lafayette Habitat is an equal housing lender and follows a non-discriminatory policy of homeowner selection. Lafayette Habitat does not consider race, religion, gender, age, sexual orientation, familial status, source of income, or national origin when selecting future homeowners.

Applications are due to the Lafayette Habitat office by Friday, October 4, 2019 at 4:00p.m.

Call 337-261-5041 for more information.