New Year……New Goal…….New Home

Home Ownership

Is this for you? Do you dream of providing a safe, affordable home for you and your family?

What is holding you back from reaching your goal of homeownership? Are you currently renting and finding it difficult to save for a house?

According to statistics for Monroe County, the average rent for an apartment in Monroe is $722, a 3% increase compared to the previous year, when the average rent was $701.

Studio apartments in Monroe rent for $463 a month, while 1-bedroom apartments ask on average $620 a month; the average rent for a 2-bedroom apartment is $754 and the average rent for a 3-bedroom apartment is $985.

With monthly rent on the rise, many people become trapped in a cycle of renting, unable to get ahead and start saving for a home of their own. If this sounds like your situation, please consider Habitat Homeownership.

Habitat For Humanity of Monroe County has just the program to help you save and reach your goal of homeownership. Our Homeownership Program is designed to help those who may be struggling to save for a house. Below is a brief outline of our requirements for every one accepted into the Homeownership Program:

SWEAT EQUITY 

You will be required to contribute 200 hours per adult of volunteer work, called sweat equity

EDUCATION

You will be required to participate in a series of workshops hosted by Habitat for Humanity.  Topics covered include home maintenance, personal finance, and budgeting

SAVINGS

You are required to open a savings account and contribute a minimum of $25.00 per month, until you reach a total of $1,000.00.   These funds will be applied towards the purchase of a house, should you complete the program.



Interested in learning more about our Habitat Home Ownership Program?

Contact Julie Walsh today at 734-243-2048 x 115 or email at jwalsh@habitatmonroemi.org 

 

Don’t forget, Habitat HOPE offers Home Buyer Education workshops every other month. This workshop will cover the home buying process, savings, budgets, credit and much more. If homeownership is your goal then this workshop is the place to start. Once you complete the workshop you will be better prepared for home buying and homeownership. Sign up for this class today and let Habitat For Humanity of Monroe County help you reach your goal of homeownership. 734-243-2048 x 111 or email Jeanette at jmcdonald@habitatmonroemi.org to sign up for classes! 

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