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Habitat for Humanity of La Salle-Putnam-Bureau Counties provides details on newest Mendota development · Illinois Valley - Shaw Local

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  Speaker 1: Habitat for Humanity of lasal Putnam Bureau Counties provides details
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  on newest Mendota development. Written by Matthias Werner, This article
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  is being read by an automated voice brought to you
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  by Everlett. The vision for a new home in Mendota
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  became a lot clearer on Monday night as members of
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  Habitat for Humanity of LaSalle Putnam Bureau Counties appeared before
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  Mendota officials. The HFH board members discussed the background process, costs, timeline,
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  and updates on the organization's development at twelve zero five
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  Jefferson Street. We're really excited about building a brand new
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  home for a deserving family here in Mendota. HFH of
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  lasal Putnam Bureau Counties Treasurer James Lobroco Junior said, while
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  the next official step of the process is to begin
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  construction with a groundbreaking ceremony on Tuesday, May nineteenth, HFH
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  is actively taking application for families looking to inhabit the
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  new home. We've got twelve applications already and we're continuing
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  to take more. We have a deadline of June first
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  to get those in. Lobrocco Junior said a family selection
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  committee will then help determine which of those families that
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  qualify will eventually get the home. Families that qualify must
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  have a need for housing, an ability to pay, a
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  credit score generally above five hundred and eighty, citizenship as
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  a US citizen or permanent resident alien, and a willingness
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  to partner with HFH through sweat, equity in time, and
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  participation in the building of the home. According to HFH,
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  the selected family will join two other HFH families in Mendota.
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  HFH built homes in Mendota in nineteen ninety six and
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  twenty eighteen. Both families still live in them. The home
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  at twelve zero five Jefferson Street will be a one
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  thy six hundred square foot ranch style home with three
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  bedrooms and two bathrooms. HFH hopes to complete the project
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  for under two hundred thousand dollars. Brayfield credited the organization's
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  donors and fundraising efforts for keeping costs down. Brayfield named
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  Triple Service, First State Bank, Eureka Bank, and Leeward Energy
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  as key partners. HFH board members also address the Mendota
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  City Council to clarify misconceptions about the organization's mission. I
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  think the perception out there is that Habitat for Humanity
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  builds a home with donated funds and volunteer help and
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  then gives it away to a needy family. Lobraco Junior said, No,
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  this is about getting a leg up and not getting
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  a free home. Lobroco Junior explained that families don't need
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  a down payment. However, they must purchase the home at
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  its appraised value. Those families receive an affordable mortgage on
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  the home. The difference between the market sale price and
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  the family's mortgage payment is covered by HFH as a
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  second mortgage on the home. The second mortgage prevents families
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  from selling and reduces the amount owed each year they stay,
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  incentivizing long term residency. We're doing that with a second
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  mortgage so they don't turn around and flip it. Brayfield said.
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  It's also to protect our donors and volunteers who are
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  free labor. People go out there because they want to
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  help a family that's in need to apply to become residents.
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  At twelve zero five Jefferson Street, visit HABITATLBPC dot org