Affordable Homeownership

Interfaith Housing promotes various methods on the path of homeownership.  Our main program is self-help housing, where participants build their own homes.

Self-Help

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.

Revitalization

Interfaith has employed  many methods to help people become homeowners.  This includes new construction, sweat equity programs, remodeling old buildings and modular homes.  In some places, we can purchase old, vacant buildings and convert them into safe and affordable homes.   We have also assisted people to stay in their homes by making critical repairs or by removing lead paint.

 

731 North Market Street Frederick, MD 21701 (301) 662-4225 FAX: (301) 662-6477