- Homeownership Opportunity
- Statewide
Summary
Habitat for Humanity of the Chesapeake collaborates with a distinctive cohort of deserving individuals, comprising hardworking individuals who possess sufficient income to cover monthly mortgage payments but do not meet the eligibility criteria for conventional bank loans. This program aims to expand the possibilities of homeownership for low and moderate-income families by providing them with newly constructed or fully renovated homes. The selection of homebuyers is based on their capacity to meet financial obligations, their dire need for adequate housing, and their willingness to actively engage in a partnership with Habitat for Humanity.
Eligibility Requirements
- The applicant(s) must live in the purchased home as their primary residence.
- The applicant(s) must meet total household income requirements.
- The applicant(s) must meet credit requirements.
- Household income of the applicant(s) cannot exceed 80% AMI.
- The applicant(s) must invest a minimum of 250 hours of sweat equity, 200 hours of volunteer service, and 50 hours of homebuyer education.
- The applicant(s) must provide proof of income and/or stable benefits.
- The applicant(s) must not have filed for bankruptcy in the last two years.
- The applicant(s) must demonstrate a need for better living conditions.
Contact Information
Habitat for Humanity of the Chesapeake
3741 Commerce Drive, Suite 309
Baltimore, MD 21227
Phone: 410-366-1250