San Diego Habitat for Humanity, a non-profit organization that builds homes in partnership with low-income, working families in San Diego County, announces a special homeownership opportunity in Escondido.
San Diego Habitat has begun plans for their first multi-family project, which will provide homeownership for twelve low-income families. Habitat’s acquisition of the site at 620 North Hickory Street was funded by a forgivable loan from the City of Escondido. Construction of the 3- and 4-bedroom attached homes will break ground in late summer of 2003, with completion scheduled for spring 2004.
Habitat homes are sold to qualifying families at no profit and are financed with interest-free mortgages. In place of a down payment, homeowner families invest 500 hours of their own labor, called ‘sweat equity,’ in the construction of their homes.
To qualify, prospective homeowners must have a gross annual income between $22,500 and $42,100, depending on family size, demonstrate need for improved housing; and be willing to partner with San Diego Habitat for Humanity.
To learn more about how to qualify to purchase one of these homes and receive an application, prospective homeowners are required to attend one of the following orientation sessions on: Monday, June 2, Wednesday, June 4, Wednesday, June 11 and Thursday, June 12.
Orientations will be held in English and Spanish. For information on orientation times and locations, and to reserve a space at one of these meetings, call San Diego Habitat for Humanity at (619) 465-7576, ext. 304.
For more information on how you can help, visit www.habitatsdiego.org or call (619) 465-7576, ext. 308.