The Mutual Self Help program lets low-income participants achieve the dream of homeownership through “sweat equity.” Six to twelve participants work together under a construction supervisor to build approximately 65% of their homes. The program takes about 5 to 8 months. The participants complete their homes simultaneously; no one moves in until all the homes in the group are completed.
With this sweat equity program, the labor acts as the down payment, and reduces the price of the home by as much as 20%. Qualified families are eligible to receive a reduced interest rate that will keep monthly mortgage payments affordable, often times lower than what they are now paying for rent.
To participate in the Mutual Self-Help program, you must be willing to set aside your spare time for approximately 5 to 8 months. Participants are required to contribute a minimum of 30 hours per week. Family and friends that are willing to work on the participant’s behalf can contribute up to 15 of the required hours per week.
There is no cost to participate in the program. You will need to purchase a tool belt and construction hand tools.