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00 <br /> ""W"a w, <br /> IMP. IMBO <br /> w Afforda6Ce Housing Committee <br /> 16 Great Neck RoadJVorth <br /> Mashyee, M-A 0264.9 <br /> Requirements for Habitat Applicant: <br /> - Qualify for a mortgage. <br /> - Make no more than 80% AMI, there are also homes at 60% AMI. <br /> - Cape & Coast and Seamans Bank are their affordable mortgage lenders with lower interest <br /> rates. <br /> - The buyer is required to take educational courses on home maintenance and budgeting. <br /> Income Examples for a one-person home: <br /> 60% AMI= $57,400 <br /> 80% AMI= $74,800 <br /> (Income limits are adjusted annually, new figures coming May). <br /> Per state guidelines, homes have to be advertised for 60 days. The most recent application <br /> opened in January and closed at the end of March. There were 65 applications for 7 homes. A <br /> team reviews the applicants, not everyone will qualify. If the debt is too high, they won't qualify. <br /> The banks review and preapprove for a mortgage. The build takes about 10-12 months. <br /> Funding Sources: <br /> - 9% Restore sales <br /> - 11% Grants <br /> - 29% Home sales <br /> - 30% Community fundraising events <br /> - 20% Other sources (include in kind) <br /> Afew examples of local sources include Housing Trusts, KAM Appliance, Boston Granite, and <br /> Cape Cod 5. <br /> In 2013, when Ms. Cullinan started, there were so many children coming to Habitat homes with <br /> breathing conditions and allergies,just from living in poor quality homes with mold and bad air. <br /> Efforts were made to provide the best air quality possible. All homes have air exchange <br /> systems, solar panels, no carpeting, and no fossil fuels. <br /> Development over the years across Cape Cod: <br /> Hyannis: 16 <br /> Brewster: 14 <br /> Falmouth: 10 <br /> Harwich: 12 <br /> Orleans: 6 <br /> Yarmouth: 6 <br /> 4 <br />