Single Family Housing Program
As a Community Housing Development Organization, our primary purpose is to provide and develop decent, affordable housing for the community we serve. This program is designed to provide a path to homeownership through education/counseling, financing assistance and construction of single-family homes to families who are low to moderate income. We also offer Homebuyer Education and Counseling to anyone needing this service, regardless of income.
This program is designed to provide a path to homeownership through education/counseling, financing assistance and construction of single-family homes to families who are low to moderate income.
For most low to moderate income families, owning their own home is not much more than a dream. Logan County residents have more options now to become homeowners with the help of the West Virginia Housing Development Fund’s federal HOME program.
We are now a certified Community Housing Development Organization (CHDO) and can offer equal opportunity access to quality built, energy efficient affordable housing to low to moderate income families. CHDO’s primary purpose is to improve the economic conditions within our community by providing this service to our residents.
We offer a Single Family Housing Program designed to provide a pathway for families in Logan County to become mortgage ready through homeowner education, credit counseling and financial assistance.
Our agency offers services to assist in the process of purchasing your new home, such as One-on One Credit Counseling, Homebuyer Education and Financial Assistance to those who qualify. Our financial assistance consists of up to a $40,000, 0% interest second lien, which is forgivable for participants who remain in the home as their primary residence for a period of 15 years. Through a partnership with Kanawha Institute on Social Research and Action (KISRA), participants may open Individual Development Accounts, which match hisher savings up to $4,000. Residents may also apply for repair and rehabilitation loans through our partnership with Community Resources, Inc.
Residents who would like to take advantage of our Single Family Housing Program must meet the minimum credit requirements, be within 80% of the area median family income, must occupy the purchased home as their primary residence and must complete an 8 hour Homebuyer Education course.