What is Interfaith Housing

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We have a local chapter of Interfaith Housing right here in Frederick.  They are located at 731 North Market Street in downtown Frederick.  They bring people together to build affordable housing communities and help put people in homes.  They are a not-for-profit organization that work to make affordable housing through homeownership, affordable rentals for seniors and affordable rentals for low income families.

Homeownership is one of their missions.  One way to own a home through them is to help build your home.  This replaces the traditional down payment.  They understand the problems that lower income families have and offer solutions to assist in homeownership.  Your sweat equity is your down payment…they call it Self-Help.

Self-Help

Self Help Housing

The Self-Help program provides affordable homeownership by replacing the traditional 10% down payment with sweat equity.  Participants work 30 hours a week toward the construction of their home which may take nearly one year.  These families work alongside their future neighbors in building each other’s homes and  community.

Financing is provided by the USDA at lower rates than conventional lenders. ~Interfaith Housing Website

They are always looking for Partners and Volunteers.  Stop by their website and see if you qualify for their assistance, if not stop by to see if you can help build a better community.  You can also just call them at (301) 662-4225.  They are currently looking for help in Frederick County with Monocacy Woods Project and Hope VI Project.

March 26, 2008 · Filed Under Frederick Business, Frederick Events, Frederick MD Real Estate

Comments

2 Responses to “What is Interfaith Housing”

  1. Cyndee Haydon on March 28th, 2008 1:49 am

    Bob - Is this like Habitat for Humanities? They require the home buyer to invest sweat equity - we’re involved here and fully support the idea - glad to see Fredrick has something similar

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  2. gotbob on March 29th, 2008 1:27 am

    Cyndee, Habitat for Humanities doesn’t require the home owner to volunteer, usually just made up of groups of volunteers. We have them too.

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