Thursday, May 17, 2007


SELF-HELP HOUSING: A reduction in federal funding is cramping the style of Colorado Housing Inc., the largest provider of self-help housing in Southwest Colorado, according to the agency's board president.

Nevertheless, CHI received $559,000 from the U.S. Department of Agriculture's rural development arm to build 23 single family units in Archuleta, La Plata and Montezuma counties in the next two years.

Self-help housing, also known as sweat-equity, requires buyers to contribute 600 hours of construction labor to their project under the direction of a contractor.

Families whose income doesn't exceed 80 percent of the area median income may apply for the self-help program. The median income for La Plata County is $60,000. Eligibility for the self-help program, with adjustment made for family size, is calculated from this base figure.

http://homesindurango.com/ / http://durangorealestate.biz/

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