Habitat Chicago recently welcomed seven women-led households into our Affordable Homeownership Program and we will have their stories for you soon! In the meantime, here's a bit about the great undertaking these women embark on to become Habitat homeowners:
Habitat partners with Chicagoans who do not qualify for typical loans to become homeowners. Qualifying households meet three basic criteria:
- 1) Demonstrate a need for decent housing (currently living in unsafe or overcrowded conditions or are severely rent-burdened)
- 2) Are willing to partner in our program by completing 250-350 volunteer hours and attending our free homebuyer readiness training classes
- 3) Have the ability to purchase their home with an affordable (30-year, no-interest, no-profit) mortgage.
Families enter the program as a cohort, designed to provide built-in support for navigating the process of homeownership as a first-time buyer. It takes 12-18 months for cohorts to complete the program. At the end of it all, homebuyers become neighbors in one of our focus communities, living in healthy and sustainable homes built by themselves, volunteers (like our Women Builders!), and Habitat construction staff.
Learn more about our Affordable Homeownership Program and our other neighborhood services here!