SINGLE-FAMILY HOMES

Willamette Neighborhood Housing Services occasionally develops new, single family homes for first-time homebuyers. To receive down payment assistance and other subsidy or loans to help purchase one of these homes, you can earn no more than 80% of the Benton County median income for your household size (see eligibility chart). These subsidies and loans also require the purchaser to be a first-time homebuyer, and attend and graduate from a Homebuyer Education Class. To qualify as a first-time homebuyer, you cannot have held title to real property in the past three years. This does not include owning a manufactured home located in a park. You must pre-qualify for conventional mortgage financing. Special financing programs are offered through area lenders.

Good Neighbor Homes
Thirteen single-family homes were recently developed and sold in the RiverGreen subdivision in southeast Corvallis near Willamette Park. These are energy efficient, Craftsman-style homes with large, old-fashioned porches. All are approximately 1,200 square feet, with 3 bedrooms and 1-2 bathrooms. They have modern appliances and fully landscaped front yards.

Because this project included secondary loans based on self-help funds, purchasers were required to put in 200 hours of "sweat equity" toward the construction of their home. No special skills were required and activities included site clean-up, fence building, deck building, landscaping, volunteer coordination, and other activities, based on their skills and abilities as well as project need.

New Projects
Willamette Neighborhood Housing is committed to providing opportunities for low-income homebuyers and continues to explore avenues for future development. See the Current News section for more information.