People interested in learning more about affordable housing opportunities in Hillsboro through USDA Rural Develop?ment and Mennonite Housing and Rehabilitation Services Inc. are invited to attend an informational meeting from 6 p.m. to 8 p.m. Wednesday, Aug. 5, at the Scout House in Memorial Park.
Through the ?Self Help Housing? program, families contribute labor toward the construction of their homes under the direction of a supervisor. Each family obtains its own loan with an interest rate as low as 1 percent for a 33-year mortgage. Rural Develop?ment will supply 100 percent of the financing, but other options are possible. The loans are available to first-time and other buyers who qualify for the program based on household income. The limits range from $34,250 for a household of one to $64,600 for a household of eight.
A minimum of five houses are needed to make the program viable in Hillsboro, according to Clint Seibel, executive director of Hillsboro Ventures Inc. Seibel has been the chief liaison between the city and Mennonite Housing.
