Eight Shasta County Families Become Homeowners This Month
Posted by Mark Montgomery | September 26, 2018
FOR IMMEDIATE RELEASE
September 26, 2018
COTTONWOOD—On Thursday, October 4, eight families move into new homes they helped build through Community Housing Improvement Program. Representatives from USDA and CHIP will meet with the families to sign final paperwork so the new homeowners can move in immediately to their new Longspur subdivision on Sadie Lane at 11:30 a.m.
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 a year. All homes must be finished before anyone moves in.
House plans included 3-5 bedrooms priced between $200,000-$204,000, 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.
CHIP is currently building in Corning as well, and maintains an interest list for other locations. For more information, visit chiphousing.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 2,600 housing units in the North Valley since 1973 and celebrates its 45th anniversary this year.
For more information, contact: