Seven Rhode Island families hope to move into their new Colonial-style, single-family houses before the holidays thanks to NeighborWorks Blackstone River Valley. The families are selected based on income, credit, and employment criteria, including having earnings between 50-80% of the area median income for Providence County. For more than a year, they have contributed about 30 hours of work per week building the houses. They have worked together, building each other’s homes in phases. Their “sweat equity” has cut costs nearly in half by building about 65% of the homes, with licensed professionals hired to do the electrical and plumbing work requiring expertise. Through the program, the USDA offers the homeowners low-interest loans based on their incomes to make owning a home affordable. In addition, the Housing Assistance Council provided funding to the Fernwood housing development to help make building the homes a reality. Read the article here!
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