Moutain Housing Opportunity’s Self-Help Homeownership program provides families and individuals in Buncombe County with low or moderate income an opportunity to achieve homeownership. The program makes owning homes affordable by allowing families to contribute “sweat equity” construction hours to reduce the cost of their homes. A group of qualifying families work together to build their homes under the guidance of an MHO construction supervisor.
The Self-Help Homeownership Program consists of single family home developments located in rural areas of Buncombe County that are attractive, affordable, and as near as possible to schools, shopping and places of employment.
Home mortgages are arranged through the U.S. Department of Agriculture. Interest rates vary according to a family’s need and can go as low as one percent. The value of a family’s labor is used as the down payment on the new home.
The Self-Help Homeownership program improves lives by building affordable homes and attractive neighborhoods.
Interested? Get more information. Or call Coryn at 254-4030, who is a self-help homeowner and now works at MHO! She can tell you all about the process.
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