Habitat for Humanity opens application process for would-be Summit County homeowners
The developer of Silver Creek Village donated property on which 24 townhome units will be built. Fourteen of those units are under construction and the nonprofit is looking for two applicants who will be selected in March to own homes of their own.
Habitat for Humanity of Summit and Wasatch Counties Executive Director Shellie Barrus said there are certain criteria and qualifications to apply.
The organization is targeting 50% to 80% area median income which translates to about $66,000 to $89,000 for a family of four.
“Our main kind of overarching criteria for habitat are need. So you're in need of housing, maybe you're in overcrowded housing, right now you're sharing housing or you're paying more than, you know, 40% to 50% of your income for housing, which is not hard to do here in our community," Barrus said. "And then the other criteria, our ability to pay. So, you do have to be able to qualify to purchase the home. So, your financial situation is assessed and then willingness to partner. Habitat’s program also has a sweat equity component to it. So each adult on the mortgage will be required to do 200 hours of sweat equity on various activities that we work with.”
At least one person on the mortgage has to be employed full-time at a business in Summit County, working at least 30 hours a week. Applicants can also be self-employed, recently retired, or disabled.
All of the units are deed-restricted, which caps the amount of value the home can increase every year. There are some resale requirements as well.
Once the application is filed, a committee conducts a financial audit and works through the review process with Habitat staff. Once an applicant is selected, they’re brought to the board of directors for final approval. Barrus expects that will happen by the end of March.
Applications are due by Jan. 31.