What is Interfaith Housing

March 26, 2008 by Bob Carney  
Filed under Businesses, Local Events, Real Estate Topics

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.