Mutual Self-Help Technical Assistance
The Mutual Self-Help Housing Program
(Section 523) makes homes affordable by enabling future homeowners to work on homes
themselves. With this investment in the home, or "sweat equity", each homeowner
pays less for his or her home than if it were built by a contractor. This enabled
very-low and low-income families an opportunity to own their home.
Grants are provided to nonprofit and
local government organizations, which supervise groups of 10 to 12 enrollees in the
Self-Help Program. Members of each group help work on each other's homes, moving in only
when all the homes are completed. (Click here
for more information about options available to individual homeowners.)
Self-Help Technical Assistance Grants are available to
qualified non-profit organizations to provide technical assistance to low and very
low-income families who are building homes in rural areas through the Mutual Self-Help
Housing Program. These grant funds may be used to pay salaries, rent, and office expenses
of the not-for-profit entity.
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Rural Housing Site Loans
(Sections 523 and 524)
Rural Housing Site Loans are loans made by
HCFP to provide
financing for the purchase and development of affordable housing sites in rural areas for
low- and moderate-income families. Loans are made to acquire and develop sites for housing
to be constructed by the self-help method, or for site development to build a home for any
low- or moderate-income family.
Eligible organizations include nonprofit organizations,
public bodies and Federally-recognized Indian groups.