Habitat for Humanity Chicago Affordable Homeownership Program

Ang Habitat for Humanity Chicago Affordable Homeownership Program ay isang unang mortgage para sa mga bibili ng bahay sa Chicago, Illinois, na pinangangasiwaan ng Habitat for Humanity Chicago. Habitat for Humanity Chicago provides a subsidized 0% interest first mortgage on newly constructed homes in Chicago's West Pullman, Greater Grand Crossing, and Austin neighborhoods. Homebuyers must demonstrate housing need (income below 80% Chicago AMI), ability to repay (income at or above 40% AMI, credit 620+, DTI <=43%), and willingness to partner (200-250 sweat equity hours over 8-14 months, monthly classes). Total housing payment does not exceed 30% of gross monthly income. A Shared Appreciation Agreement applies for the first half of the loan term. Habitat seeks down payment assistance (including DPP Advantage) on buyer's behalf. 0% interest mortgage. Housing payment capped at 30% of income. Habitat seeks DPA on buyer's behalf. Includes homeownership education and support. One-year construction warranty. Ongoing homeownership support workshops. Ang pondo ay mula sa Habitat for Humanity Chicago organizational funds, grants, donations, DPP Advantage (when available), third-party assistance.

Ang Habitat for Humanity Chicago Affordable Homeownership Program ay isang unang mortgage at binabayaran ayon sa mga tuntuning itinakda ng Habitat for Humanity Chicago. Kailangang bayaran kapag may Full repayment required on sale; Shared Appreciation Agreement splits appreciation with Habitat during first half of loan term (e.g., 15 of 30 years) at diminishing rate. Nakatala ang tulong bilang lien sa posisyong First lien. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Habitat for Humanity Chicago Affordable Homeownership Program sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": Current homeowners ineligible. Tungkol sa credit, sinasabi ng programa: 620 or higher required; 580-619 or invisible/no credit may be acceptable with alternate credit documentation. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Habitat Chicago in-house education classes and workshops; HUD-certified credit counselors recommended for pre-application preparation; Homebuyer University (separate public course offered by Habitat Chicago). Requirement sa paninirahan: Must choose to live in West Pullman, Austin, or Greater Grand Crossing neighborhoods of Chicago. Citizenship o katayuan sa imigrasyon: Not stated; implied US-based. Applicants must complete 200-250 sweat equity hours (including 100+ on build site) over 8-14 months. Must attend monthly homebuyer education classes. Cannot be current homeowner. No judgments. No bankruptcy in past 2 years. No foreclosure in past 3 years. Not a registered sex offender for serious violations. Application accepted year-round until all units sold.

Nililimitahan ng Habitat for Humanity Chicago Affordable Homeownership Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Habitat for Humanity Chicago Affordable Homeownership Program ang presyo ng pagbili: Purchase price does not exceed Fair Market Value (appraised); set near closing based on updated appraisal. Kabilang sa mga kwalipikadong uri ng ari-arian ang single-family (new construction built by Habitat Chicago). Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Habitat for Humanity Chicago Affordable Homeownership Program ang mga bibili ng bahay sa Chicago, Illinois. Tinutukoy ng programa ang mga partikular na lugar: West Pullman and Greater Grand Crossing neighborhoods, Chicago, IL. Homes also in Austin neighborhood. Buyer must live in one of these focus neighborhoods.

Dumadaan sa Habitat for Humanity Chicago ang mga aplikasyon para sa Habitat for Humanity Chicago Affordable Homeownership Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Year-round application; limited to available units in West Pullman and Greater Grand Crossing neighborhoods. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.