People’s Self-Help Housing has released applications for their newest home ownership project: Summer Holly Lane.
Located in Nipomo, this new construction will see a group of owner-builders constructing a neighborhood of ten two-story homes located at the intersection of West Branch and North Thompson. Each home will have three bedrooms, two and a half bathrooms and two car garages. They will also come equipped with energy-efficient features and PV solar.
The PSHH Home Ownership program assists households in the construction of new homes. Groups working together under professional supervision are taught the basic construction skills necessary. Each group contributes approximately 40+ hours per week of ‘sweat-equity’, over a 12-13 month period, This sweat-equity, used in lieu of a cash down payment and with the help of a low interest mortgage, helps low-income families become homeowners.
“This program has been the sustained heartbeat of our organization since its founding in 1970,” said Sheryl Flores, PSHH Vice President of Home Ownership. “We are thrilled to bring a new neighborhood to SLO County and to provide more opportunities for individuals to achieve the stability and wealth-building opportunity of home ownership.”
Eligibility requirements for participation in Summer Holly Lane include:
- Annual income of at least $48,000
- Good credit and rental history
- A commitment to work 40+ hours per week in Nipomo building the homes, mostly on weekends
- Borrower must be a U.S. Citizen or Permanent Resident
Applications are available online at pshhc.org/home-ownership in English and Spanish and are due by 5 p.m. on Friday, February 3 to be included in the lottery, which will determine the order of processing the applications. Applicants will be notified of the date and time of the lottery via email, or by mail for those without digital access. All are welcome to attend, but attendance is not required. Questions about Summer Holly Lane can be directed to [email protected].