Sep 15, 2016 1:43 PM
On Thursday, September 22nd, 2016 we will be hosting an open house to provide families with information on partnering with Habitat to become homeowners. This information session will be held at Lewis Centre in Courtenay at 6:30pm.
We are seeking families for our largest project yet, a multi-phase development on Lake Trail Road in Courtenay which will eventually house 11 families. Partner families are chosen based on their income level, need, willingness to partner with the program, and ability to pay back the interest-free mortgage.
We partner with hardworking families in northern Vancouver Island who would not be able to qualify for a conventional mortgage. To receive their home, partner families must put in 500 hours of sweat equity in lieu of a down payment, and then make monthly interest-free mortgage payments set at a maximum of 30% of their gross household income.
Families that partner with Habitat must have full custody of at least one child under 18. Safe and healthy housing is integral to a child’s growth and stability. According to a 2013 study from the Canada Mortgage and Housing Corporation, children partnered with Habitat saw remarkable improvement in their confidence, social life, grades, behaviour, attendance, and enjoyment of school.
To inquire about becoming a homeowner family, attend our open house or contact Karen Bezaire, family services coordinator, at firstname.lastname@example.org or 250-334-3777 ext. 226.