About the Community Housing Partnership Program
The
following is a general outline of how we conduct business involving
properties acquired for the Community Partnership Program:
A staff member will visit the property to be rehabilitated and perform a work write-up detailing the repair and improvement specification to be undertaken on the property.
We will either send our own work crew and supervisor to complete the repairs or hire local contractors to complete the work, or a combination of the two, whichever is more prudent.
The property will be marketed through local churches and community organizations. A local real estate broker may also be utilized.
A local lender, national bank or mortgage company, with whom we’ve already had a positive experience, will be used to obtain the financing for the buyer to purchase the property after the renovations are completed. Sonya Stackpole, Program Director, will assist the potential buyer with the process, steps and necessary documentation involved in getting a mortgage to purchase the property. Also, the potential buyer may already be pre-qualified for a mortgage.
A local title company or attorney will be used to process the transaction for closing.
The Affordable Homes Group will provide all information about the buyer and the financial aspects of the project to the local body of government, as well as complete the annual HUD report as required by the program rules.
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Delta Real Estate Home Start, Inc.