Mutual Self Help Housing Program
WHAT IS IT?
The Mutual Self-Help Housing is a program that helps families and individuals work together to build their homes. You save on contractor costs by providing this sweat equity. Our clients move into their new home with an average of $10,000 to $20,000 equity.
WHERE CAN I BUILD?
You pick your land subject to approval by Crawford-Sebastian Community Development Council. You can build in Franklin, Crawford or Sebastian Counties (the cities of Fort Smith and Barling are excluded from this program).
WHAT IS THE COST?
Your labor is your down payment. You will get a subsidized loan with Rural Development with an interest rate ranging from 1% to 3.25%. The payment is based on your income and can be anywhere between $360 – $650 inclusive with taxes and insurance.
CAN I CHOOSE MY OWN FLOOR PLANS?
You can select from several two, three, and four-bedroom plans we have designed.
WHAT IS REQUIRED OF ME?
CSCDC will provide financial and technical support to help you, as the general contractor, to become involved in the construction of your own home and you will be credited with volunteer hours toward the cost of your home. No construction experience is necessary. Anyone can do the work required of homeowners. These who have limitations can utilize help from family and friends. We have associations with licensed contractors that you can access to build your new home.
HOW DO I KNOW IF I QUALIFY?
Contact a Self-Help Housing Counselor at 479-353-9079. We will assist you with a plan to become mortgage ready.
Income limits apply:
NUMBER IN HOUSEHOLD INCOME LIMIT
1 – 4 $39,850
5 – 8 $52,600
This program is income based, so you income with be within the above limits. If your income is below that, you might qualify for a subsidy assistance on your payment. Call us, and we can calculate it for you.
ENERGY STAR 3 RATED
Our homes are rated for energy efficiency and we put in many Universal Design Features so that homes are more accessible to our clients over the long term. The homes are affordable to buy with affordable payments, and just as important, affordable to maintain monthly.
For additional information on our Self-Help Program, please contact:
Home Ownership & Asset Development Center
479-785-2303 ex 109
Call or text 479-353-9079
Here are a few of the homes we have completed.