Are you interested in building an affordable new home with no down payment and no out of pocket closing costs?
ICAP plans to help three families build homes using sweat equity in Milbank. Through the Mutual Self-Help Housing Program, families will contribute labor necessary in building their homes. Their efforts will be guided by a construction supervisor who will train the participants how to do construction tasks. Participating families will contribute 30 hours of work per week toward the construction of homes in their building group. Some of the benefits, in addition to no down payment and no out of pocket closing costs, include earned equity of up to $30,000, learning valuable skills, fulfilling the dream of homeownership, and the pride of building it yourself.
There are several floor plans available with a two-car attached garage. Families will choose their floor plan and interior finishes which include cabinets and countertops, lighting, flooring, and paint. Local contractors will be hired for excavating, concrete, framing, plumbing, electrical and HVAC. Local lumberyards will be used for building materials.
The Mutual Self Help Housing Program is offered throughout the United States. ICAP has offered the program since 1996 and has built over 130 homes with the majority of homes built in Brookings County. ICAP Board Members from Grant County brought forward the issue of affordable housing in Milbank which has led ICAP’s efforts to expand the availability of the program.
If you are interested in learning more call Dana Whitehouse or Peg Pederson at the Brookings ICAP office 605-692-6391.