Home Ownership



RCHDC Home Ownership Program

This Program provides an opportunity for low and very-low income families to build and own their home. This is a no down payment, low-interest loan program in which pre-qualified families/households participate in the building of their own home. In exchange for their labor, there is no down payment required and monthly payments are based on family income.

RCHDC works with United States Department of Agriculture/Rural Development (USDA/RD) to recruit families/households that may be eligible for low-interest, 33-38 year loans. RCHDC then submits the loans for approval by USDA/RD.  Once qualified applicants are approved, they form an association and, within a previously approved subdivision, work together with 5-10 other families to help build each others homes.

Each family signs an agreement committing to work a minimum of 35 hours per week and acknowledges that weekend work is mandatory.  RCHDC provides a construction foreman who oversees the program, orders materials, instructs applicants in construction skills and assures that a modest house is built according to approved plans and current building codes.  It takes 12-15 months to build the homes and upon completion, each family gains equity (ownership value) in their home due to their investment of labor.

RCHDC has successfully completed Home Ownership projects for over 400 families on the North Coast including:  Lake, Mendocino, and Humboldt counties.  We are currently recruiting borrower-builders for our Lakewood subdivision in Ukiah and our Island View subdivision in Lakeport.

RCHDC has extensive experience working with local, state and federal agencies and officials in Home Ownership projects. This has included working with planning commissions and elected officials in order to guide housing projects through the maze of requirements.