Affordable Housing
Program Overview
The mission of ADFAC's Affordable Housing Program is to (1) repair, improve, or reconstruct substandard, owner-occupied homes, and (2) construct new affordable homes primarily for extremely low or very low income individuals/families. We strive to ensure availability of fair mortgages, promote self-sufficiency and responsibility in our clients, and provide sustainable housing solutions for our communities.
To be eligible for Affordable Housing services, clients must meet residency and income requirements. Affordable Housing serves families and individuals who live below the area median income, as determined by the Federal Housing Finance Board. Beneficiaries for repair and rehabilitation services must own their own homes and have lived there for at least one year.
The program matches government and private grants with local funds, volunteer crews and local contractors. Beneficiaries share the cost of rehabilitation through sweat equity and by paying on low-interest loans. Loan payments go into ADFAC’s revolving loan fund, which in turn is used to help additional clients.
Each year, the Affordable Housing program serves over 400 families and completes about 70 repair, rehabilitation and new construction projects.
Click here to download an application for the Affordable Housing program.