HOME BUYER PROGRAM


WE ARE CURRENTLY ACCEPTING APPLICATIONS FOR OUR HOME BUYER PROGRAM!

We are NOW accepting applications from interested homebuyers for our upcoming project of 16 new homes on Cudjoe Key!
The open application period will end on December 2nd at 5:00pm. Habitat home buyers must be qualified under the GuidMonroe County Affordable Workforce Housing Guidelines and Habitat for Humanity Guidelines. We will be holding informational meetings throughout the lower keys for potential candidates for the homebuyer program. Application packages are available at the Habitat administrative office at 471 Overseas Hwy, #102 on Big Coppitt Key, and will also be available at informational meetings. The first meeting is scheduled for Saturday, October 19th at 11am on Cudjoe Key. There will also be a meeting on Saturday, October 26th at 11am on Big Coppitt Key. We will be announcing additional dates and times as they are confirmed. To register for a meeting or for additional information contact Susan at familyservices@habitatlowerkeys.org or call (305) 294-9006 ext 2. Habitat for Humanity of Key West and Lower Florida Keys is an EQUAL HOUSING LENDER. 

 

New Habitat Partner Family poses at their home with the keys to their new home
HOME OWNERSHIP OVERVIEW
Habitat for Humanity of Key West and Lower Florida Keys, Inc. does not build houses FOR families; we facilitate a partnership with families who demonstrate need, the ability to pay the mortgage, and a willingness to partner with Habitat for Humanity. This partnership also engages community supporters who join the families in the home building process and provide both financial and in-kind support for building supplies and materials.  Homeowners invest hundreds of hours of their own labor, or “sweat equity,” into building their Habitat house and they pay back a no-profit, no-interest mortgage.

Habitat for Humanity of Key West and Lower Florida Keys, Inc. is committed to the development of decent, affordable homes. We also are committed to work with partner families to insure that the experience of long term home ownership is positive and successful. Families are trained and supported in a variety of skills, including: basic construction skills to assist in the building of their house; home maintenance skills; various home improvement skills; neighborhood involvement and cooperation skills; budgeting and consumer awareness skills; and others as necessary.

FAMILY PARTNER SELECTION CRITERIA
Anytime a Habitat home becomes available, Habitat for Humanity of Key West and Lower Florida Keys utilizes a Family Selection Team to facilitate the selection process for a Partner Family. The team believes and insists on nondiscriminatory family selection criteria for all potential homeowners. Race, color, ethnic origin, religion, sex and family composition are not factors considered in the selection process. Partner families are selected according to the following criteria:

A. You have a need for adequate housing.

  • Current housing is inadequate or too expensive
  • Unable to obtain a conventional mortgage

B. You have the ability to pay the Habitat mortgage.

  • Steady income within the guidelines below
  • No unpaid liens or judgments

C. You are willing to partner with Habitat.
Fulfill all partnership requirements for Habitat homeownership, such as:

  • Complete sweat equity
  • Participate in homeowner education classes
  • Contribute down payment
  • Live where Habitat is working

Habitat for Humanity of Key West and Lower Florida Keys partners with families in need to build affordable energy efficient homes, which are built using professional contractors and volunteer labor.
Each homeowner famil
y is required to invest a minimum of 350 hours of “sweat equity” to become eligible to purchase their home with an affordable mortgage.


HOW TO QUALIFY FOR HOMEOWNERSHIP
There are 3 main requirements:


NEED:
Must be a first-time home buyer (have not owned a home in the past three years)
Living in overcrowded, substandard, temporary, or public housing OR paying more than 30% of household income for current housing (cost burdened)
Unable to secure adequate housing through the private market

ABILITY TO PAY:
Have stable employment or other source of income
Have acceptable credit history
Earn an annual income that ensures no more that 30% of earnings will be utilized to pay for housing costs, including taxes and insurance (not cost burdened)
(In order to qualify there is also a maximum income based on Monroe County Affordable Workforce Housing Guidelines, and 70% of household income must be earned in Monroe County)

WILLINGNESS TO PARTNER:
Applicants must be US Citizen or Permanent Resident
Applicant families must invest 350 hours of “sweat equity” volunteer labor
Applicant must attend educational home ownership classes
Applicants must reside in Monroe County for 12 months prior to applying


WE LOVE HELPING FAMILIES HELP THEMSELVES

We have had the pleasure of working side-by-side with many families in the Lower Keys over the years. Our Partner Families are amazing people dedicated to working hard, helping themselves and others achieve the dream of purchasing and owning their own home. Each home has a story; each home has touched the lives of many people. We are excited about the future of Habitat for Humanity of Key West and Lower Florida Keys, and look forward to all of the new stories waiting to be written. With the recent completion of Bayside Landing, 45 working families have a home of their own in the lower Keys!

 

Equal Housing Opportunity Partner

We are pledged to the letter of and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.

We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, national origin, age, marital status, sexual orientation, or sources of income.