Satisfactory housing options for the poor are few and far between. More often than not, a family who makes less than $1300 a month may find its options limited to mobile homes, dilapidated housing, or government housing, usually none of which offer energy efficiency. LoCAL Housing is Homes of Hope’s solution to this pressing problem.
LoCAL is a traditional stick-built home available to poverty-level families with incomes of $1000-1300 per month. Qualifying families will first complete a Homes of Hope leasing program, where they will learn budgeting, adequate savings plans and the costs and benefits of homeownership. Families will ultimately be able to purchase their LoCAL home with a standard mortgage payment of no more than $275 a month. LoCAL is constructed to the highest energy standards (LEED) making a family’s monthly energy bills less than $75 a month. The goal is that no family will spend more than 30% of their income for housing and utility bills.
Check out how LoCAL Housing solves the three most pressing problems for poverty-level families: