CHIP, USDA and PG&E Celebrate National Homeownership Month with Cottonwood Groundbreaking June 1
Posted by desiree.gonzalez | May 22 2017
COTTONWOOD-- In celebration of National Homeownership Month, Community Housing Improvement Program invites the public to join us for a groundbreaking celebration on Thursday, June 1 at 10:00 am. The event celebrates the beginning of CHIP’s Longspur Park Subdivision on Sadie Lane, where eight families begin building new homes.
Those families, representatives from USDA Rural Development as well as state and local government will attend. PG&E and NeighborWorks America are sponsoring the event and refreshments will be provided.
Under CHIP’s self-help program, families build their homes in groups of five to nine families under the supervision of CHIP’s construction staff. Each household dedicates at least 30 hours per week in labor towards building their new homes and help each other during the process, which takes about nine months. All homes must be finished before anyone moves in.
House plans included 3-5 bedrooms priced under $200,000, with no down payment, affordable monthly payments and low fixed interest rates. USDA Rural Development provides funding assistance for these programs. Builders from this program must make at or below 30 percent median income for the county in which they build, have decent credit, and earn enough income to make monthly payments on the loan.
CHIP also has other developments starting soon and maintains an interest list. For more information about self-help housing, contact Judy Orozco at 530-891-6931 x233 or email firstname.lastname@example.org
Community Housing Improvement Program
CHIP is a private, non-profit corporation providing quality affordable self-help housing, rental apartment communities and housing-related services to seven Northern California counties. The organization has built more than 2,000 housing units in the North Valley since 1973.
For more information, contact: