Wednesday, February 08, 2017

Two Families Sought For Affordable Housing


Habitat for Humanity Mid-Vancouver Island Welcomes
Applications for Two New Partner Families

Habitat for Humanity Mid-Vancouver Island (HFHMVI) is pleased to announce that the application process to select the next two partner families is now open.  The two families selected will take possession of new houses located at 2360 Extension Road, Nanaimo.

The two new houses being constructed is a three bedroom house and a two bedroom, handicap accessible house, suitably-sized families for these two houses will be considered for this round of applications.

The mandate of HFHMVI is to build affordable housing for low income families.  Habitat homes are sold to partner families at current market value, with special provisions including no down payment and an interest free mortgage. This model allows families who wouldn’t otherwise be able to qualify for a conventional mortgage to become home owners.  HFHMVI does not give away houses.
 
“We are excited to begin the selection process to find our next two Habitat partner families,” says Rob Hallam, Executive Director for HFHMVI.  “This is an incredible opportunity for a family to realize the dream of becoming a home owner.  We have a rigorous and fair process to determine the appropriate families for the new houses.  A Family Selection committee reviews the initial applications and identifies a short-list of potential new home owners.  Following this, selected families have a more detailed review including an in-home interview and then the committee’s recommendations are presented to the Board of Directors for final approval.” 

To become a partner family, applicants must demonstrate need showing that their current housing is inadequate and/or too expensive.  Secondly, they must show steady employment and the ability to pay for the interest free mortgage.  In addition, the families must have a willingness to partner with Habitat for Humanity.  Each family is required to contribute 500 hours of sweat equity.   For a family to be considered, the gross income for a family of four or more must fall between $37,000 and $55,000.


The deadline for the receipt of applications is Monday, March 6, 2017; 4:00 pm.  Interested families are encouraged to visit the HFHMVI website – www.habitatmvi.org for additional information and an application form.

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