1. Habitat for Humanity Of New Castle County Before After Providing Affordable Housing Opportunities

2. Delaware Housing Facts Cost Burdened households in Delaware 36% Cost Burdened households in Delaware 36% Twenty four percent are paying more then 50% of their monthly income in housing cost Twenty four percent are paying more then 50% of their monthly income in housing cost Each year the number of households affected continues to rise Each year the number of households affected continues to rise

3. Living Wages Fair Market Rent for a 2 bedroom Apt in DE is $970.00 Fair Market Rent for a 2 bedroom Apt in DE is $970.00 The housing wage to afford a two Bedroom apt is $18.65 an hour The housing wage to afford a two Bedroom apt is $18.65 an hour A minimum wage worker in DE will need to work 103 hours per week to afford a 2 bedroom FMR A minimum wage worker in DE will need to work 103 hours per week to afford a 2 bedroom FMR

4. Education – gross vs. net pay Education – gross vs. net pay Getting back to basics Getting back to basics Banking Relationships Banking Relationships Community Awareness Community Awareness Consumer Awareness

5. Habitat for Humanity of NCC bridging the gap in affordable housing HFH NCC builds affordable housing at no profit through a combination of volunteer labor, sweat equity and no-interest mortgages. We strive to develop and empower individuals and communities through the construction of simple and decent homes.

6. A Hand up not a Hand Out Counseling Counseling Support Mentor Support Mentor Hands on Construction Training Hands on Construction Training Goals Goals Continuing Education Continuing Education

7. Habitat Homes Energy Star Rated = Lower Energy Bills, No Drafts, More Energy & Cost Efficient house. 2 & 3 bedroom town homes New Whirlpool refrigerator and stove Dishwasher, over range microwave, washer and dryer Storage space in crawl space area and in attic Laminate Wood Flooring on First Floor Wall to wall carpet on Stairs and Bedrooms New Kitchen Cabinets Low Maintenance Exterior, all wood is wrapped with Aluminum.

8. Bedrooms Master Bedroom Second Bedroom

9. What does Habitat look at? Credit history i.e., how much debt you have (collections, etc.) Credit history i.e., how much debt you have (collections, etc.) Lien search Lien search Employment reference Employment reference Landlord reference Landlord reference

10. How Habitat selects families NEED for Adequate Shelter ABILITY to Pay WILLINGNESS to Partner

11. NEED for Adequate Shelter Substandard Housing Conditions: House in disrepair or does not meet building code Over-crowded 50% or more of income on rent Housing need versus other applicants housing need Turned down for conventional financing

12. ABILITY to Pay Credit report (Decent credit is all that is needed) Can you realistically Credit report (Decent credit is all that is needed) Can you realistically pay off all your delinquent debt within 9-12 months! pay off all your delinquent debt within 9-12 months! Reside or Employed in Delaware (1 yr) Reside or Employed in Delaware (1 yr) Employment verification (1 yr) Employment verification (1 yr) Gross Income within guidelines Gross Income within guidelines Landlord reference Landlord reference No bankruptcy for 1 year No bankruptcy for 1 year Debt analysis (Pay debt off within 9-12 months). Debt analysis (Pay debt off within 9-12 months).

13. Habitat Mortgage vs Conventional Mortgage No Interest Mortgage, 0% Best Interest Ever! HFH sells based on house size example 3 bedroom $143,000.00 Habitat House Cost over life of loan = $146,700.00 Habitat will finance settlement cost Monthly Mortgage Payment 30 yr. Loan = $407.20 does not include escrow. Homeowner mortgage payments used to build future HFH homes 4.0% depending on your credit Conventional Loan on $135,000 at 4.0% for 30 yrs. $232,023.83 Closing cost required at settlement $10,000.00 Monthly payment = $644.50 does not include escrow. Interest paid over 30 years $97,023.83 Conventional MortgageHabitat Mortgage

14. Questions Beverly Ward Director of Family Services 652-0365 x 105 bward@habitatncc.org