February 21, 2018 (MONTROSE, CO) — Habitat for Humanity of the San Juans has two homes available in Norwood and Montrose and is looking for qualified families to fill them.
The Norwood home is a single story, 1,092 sq.ft. residence located in the Pine Street Gardens, Habitat for Humanity neighborhood. It has three bedrooms and two baths.
The Montrose home is part of the Triplex currently under construction on Park Ave. This home is three stories and includes three bedrooms and two bathrooms and is 1500 sq.ft.
“Long-term housing is a serious issue for so many. These homes, with affordable mortgages, will be serious game changers for the right family,” said Habitat Assistant Director Deidre Becker.
The Norwood home represents a Habitat success story. According to Colleen Burke, executive director of the local Habitat affiliate, the previous owner helped build the house in 2010 and thanks to the affordability of the mortgage, she was able to save enough money in the intervening years to build her dream home.
“By selling her Habitat home back to us, she returned a home to the Habitat inventory for another family to make great use of,” she said.
Since 1991, Habitat for Humanity of the San Juans have worked with the community to build over fifty houses. By 2020 they will have built 59 homes. Housing opportunities are also currently available in Montrose and Ridgway.
“Our application process is straightforward. And with the Norwood house already built and the Montrose triplex already in construction, the new homeowners could be in their new homes quickly,” said Becker.
Through Habitat’s homeownership program, the nonprofit is able to sell homes to qualified families at a 0-3% interest rate, with only a $500 down payment, and a set monthly mortgage payment that does not exceed 30% of the family’s gross monthly income.
According to Habitat for Humanity of the San Juans, homeownership has a profound impact on families and communities. Children of homeowners are 25 percent more likely to graduate high school and 116 percent more likely to graduate from college.
There is a $25 application fee. For more information or to apply contact Deidre Becker at (970) 252.9303 ext 5.