Habitat for Humanity of Washington County, Arkansas
Criteria for Selection of Partner Families:
NEED
Income
Total family income must fall between 30% and 50% of median income as defined by the federal housing finance board income guide limits.
Unable to qualify for a conventional loan.
Families with lower income may qualify if there is no or very low debt and they can demonstrate an ability to pay.
Habitat mortgage payments (including taxes and insurance) must not exceed 20- 25% of total family gross income.
Inadequate Shelter
Lack of electrical, gas, water, sewage
Structural problems (holes in walls, floors, roof, etc.)
Housing does not meet city, county, or HUD standards
The environment is hazardous to health
Extreme overcrowding (based on # of occupants, ages and sexes of occupants)
ABILITY TO PAY
Mortgage must not jeopardize other obligations or living expenses.
Credit history of applicants will be reviewed to identify potential problems with ability to pay.
From the time of acceptance as a Habitat partner, applicants must make a monthly payment toward their down payment. Down payments are $1,000 and must be paid in full prior to the house closing.
The family must have a source of steady, legal income.
The family must make monthly mortgage payments (including taxes and insurance) on time.
WILLINGNESS TO PARTNER WITH HABITAT
The family must work 300 hours to build up "sweat equity" towards their home: a minimum of 156 of these must be completed at the work site; a maximum of 4 can be met in homeowner/community development activities; a maximum of 100 hours may be donated by family and friends on the family's behalf.
150 hours of the "sweat equity" must be completed before ground is broken on the family's house.
All "sweat equity" must be completed before the house may be occupied by the family.
Families must attend required homeowner development classes.
Families must participate in the Habitat community (Family Nurture classes, the Homeowner's Association, or local schools).
Families must be willing to move to another neighborhood and possibly school district, depending on the location of the Habitat building site. Our target community is south Fayetteville.
RESIDENCY
The accepted family must have lived in the county for one year.
The accepted family must live or work in Washington County.