Neighborhood Revitalization Qualifications

 
Applicants of Habitat for Humanity of Teller County’s programs must meet and follow specific qualification guidelines. Below are the basic requirements for our Neighborhood Revitalization, Critical Home Repair, A Brush With Kindness, and Weatherization program. Read on to see if you qualify.

Applicant Requirements

There are two ways for us to determine eligibility for potential NRI partners. The first is the application process. The second is through our home visit. The following are the minimum requirements to be accepted for NRI services.

Applicant must…

  • Be a homeowner and currently occupy the home in question.
  • Have no intent to move out, sell, or rent their home for the next 3 years.
  • Be at or below 60% Area Median Income (AMI).
  • Be willing to partner with Habitat for Humanity of Teller County.
    • Complete a minimum required 8 hours of sweat equity for a project that’s estimated to last two days. For each additional estimated day there will be 2 hours of sweat equity.
      Sweat equity includes:

      • Working alongside volunteers on NRI projects. This needs to be made clear to homeowners prior to the work beginning.
      • Donating lunch, snacks, and drinks for volunteers- This is good for only one hour of sweat equity.
      • Working in HFHTC office is only good for one hour of sweaty equity
    • Be capable of making small monthly payments to Habitat for Humanity of Teller County to repay costs of supplies used.
  • Complete and submit an application.
  • Request repairs within our scope that will benefit the homeowner, but won’t be affected by other deficiencies in the house. (If repairs will be ruined due to other problems with the home, such as a leaky roof, we will help the homeowner find the means of having those fixed first.)
  • Be subject to a home visit and personal interview

Cost

Once we have determined the full cost of the project including all actual costs plus the values of donated gifts in kind Habitat is allowed to add 10% administrative fees for staff, tools and others costs for administrating the project. This will determine the actual cost of the project. The board will then provide a 0% interest 3-5 year loan to the family to recover costs of the project using the following subsidized models.

Partner Family Costs and Payments

As a Habitat for Humanity program, NRI will follow the model of providing a “hand up, not a hand out.” Therefore we expect each adult in the family to perform sweat equity as explained above. Each family will have a monthly amount they are expected to pay to Habitat for Humanity of Teller County. All funds received will go into the revolving Fund for Humanity. The family will be required to pay a 10% down payment of the estimate project costs or $100 whichever cost is the lesser. The payback amount will be between $25 and $50 a month. There will be discounts for those who can pay back quickly.

  • Early payback discounts for projects of more than $1000
    • 50% if paid at the time services are completed
    • 30% if paid by the end of the first year
    • 20% if paid by the end of the first 18 months

The Amortization Schedule can be used to review a variety of payback scenarios. Partner families will be presented with several options and be asked to choose one. They will then sign a promissory note stating the terms of their repayment plan and the responsibilities associated with it. The Amortization Schedule will be attached to their promissory note and will dictate when the payments are to be made. Payments made after the tenth day of each month will be considered late. Late fees are explained in the promissory note.

Partner Family Discrepancies

If a family moves out or sells their home before the requested three years passes, they will be assessed a $500 labor fee unless the committee decides otherwise.

If a partner family cannot perform sweat equity on their own they may have friends or family member complete it for them. This will be subject to a case-by-case judgment by the committee or a group of office members.