LOTS AVAILABLE IN COTTONWOOD FOR CHIP’S SELF-HELP SUBDIVISION
Posted by Mark Montgomery | March 10, 2017
FOR IMMEDIATE RELEASE
March 10, 2017
SHASTA COUNTY—Think home ownership is out of reach? Community Housing Improvement Program (CHIP) may be able to help.
CHIP is accepting applications for 24 available lots for its FoxRun2 self-help subdivision in Cottonwood at Beagle Lane off Locust Road. Complete information including floor plans are available at www.chiphousing.org. You may apply to be on the interest list directly from the web site or by calling 530-891-6931.
Under the self-help program, qualified families build their homes in groups of five or six 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 around $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 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.
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:
Judy Orozco 530.891.6931x233
Desiree Gonzalez 891.6931 x249/864-7030