SACD is an Equal Housing Opportunity provider.
Call: 870-230-1717
Self-Help Housing
South Arkansas Community Development’s (SACD’s) self-help housing plan is a program where qualified individuals and families can build new homes. This program is offered to you by a combination of government financing, the coordination of SACD, and the family’s labor.
Self-help housing is also known as a ‘sweat-equity’ program. Sweat-equity is equity homeowners earn by working to help build their home and the homes of others in their self-help group. Equity is the value of property beyond the amount owed on it. Normally homeowners build up equity in their homes by making a down payment and by making house payments. Self-help homeowners, however, also build up equity in their homes through the work they do during construction. The amount of sweat-equity earned is equal to the amount construction costs are reduced by using contributed rather than paid labor.
Self-help housing allows families to graduate from renter status to home ownership by offering no down payment and the interest on the loan is subsidized for qualified borrowers, which means borrowers with very low incomes may pay only around $250 to $300 a month (principal and interest) for their house payments over a 33 year period. For qualifications, check the USDA Rural Development Self-Help Income Guidelines shown on the back of this brochure.
If you meet the basic eligibility criteria, a formal application can be made by calling or coming by the office.
USDA RURAL DEVELOPMENT SELF-HELP INCOME GUIDELINES
Clark County Income Guidelines |
|
| 1 Person | $26,350 |
| 2 Persons | $30,100 |
| 3 Persons | $33,850 |
| 4 Persons | $37,600 |
| 5 Persons | $40,650 |
| 6 Persons | $43,650 |
| 7 Persons | $46,650 |
| 8 Persons | $49,650 |
Hot Spring County Income Guidelines |
|
| 1 Person | $26,900 |
| 2 Persons | $30,750 |
| 3 Persons | $34,600 |
| 4 Persons | $38,400 |
| 5 Persons | $41,500 |
| 6 Persons | $44,550 |
| 7 Persons | $47,650 |
| 8 Persons | $50,700 |
Garland County Income Guidelines |
|
| 1 Person | $26,450 |
| 2 Persons | $30,200 |
| 3 Persons | $34,000 |
| 4 Persons | $37,750 |
| 5 Persons | $40,800 |
| 6 Persons | $43,800 |
| 7 Persons | $46,850 |
| 8 Persons | $49,850 |
Customizable Home Selections
You Choose |
||
Windows |
Hardware |
Wall & Trim Paint |
Siding |
Shutters |
Shingles |
Kitchen Counter Tops |
Master Bath Counter Tops |
Guest Bath Counter Top |
Bedroom Carpet |
Kitchen Vinyl Tile |
Bathrooms Vinyl Tile |
All program income guidelines are subject to
change according to State and Federal agencies.