CHIP ACCEPTING APPLICATIONS FOR STONEFOX SUBDIVISION IN CORNING
Posted by Mark Montgomery | May 01, 2019
FOR IMMEDIATE RELEASE
May 1, 2019
CORNING- Applications are now available for Community Housing Improvement Program’s subdivision Stonefox Phases two and three. Stonefox Phase 1 is currently under development. The 54 available lots are located off Solano and Stonefox Streets on Clear Creek Street.
Under CHIP’s self-help program, families build their homes in groups of five to nine 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 a year. All homes must be finished before anyone moves in.
The income limit is $47,900 for 1-4 person households and $63,250 for 5-8 person households. Visit www.chiphousing.org to download an application or call 530-891-6931.
House plans include 3-, 4- and 5-bedroom models with no down payment, affordable monthly payments and low fixed interest rates. USDA Rural Development provides funding assistance for these programs. Builders must make at or below 80 percent median income for the county in which they build, have decent credit, and earn enough income to make monthly payments on the loan.
This development is made possible with the following partners: USDA Rural Development, Rural Local Initiatives Support Corporation (LISC) and NeighborWorks America. To apply or for more information, visit www.chiphousing.org/homeownership , email firstname.lastname@example.org or call 530-891-6931.
Since 1973, CHIP has developed more than 2,600 affordable housing units in its seven-county service area, which includes Butte, Glenn, Tehama, Colusa, Shasta, Yuba and Sutter Counties. CHIP also partners with other agencies to provide on-site resident social and educational services to those who live in CHIP’s rental housing. CHIP is a network member of NeighborWorks America.