Habitat for Humanity of Monroe County provides qualifying households the opportunity to purchase a home through an affordable mortgage. This year’s homeownership application window will be open from August 5 to August 16, 2024 and we encourage everyone to apply.
Habitat for Humanity of Monroe County uses Area Median Income (AMI) to determine income eligibility for our Homeownership Program. AMI is calculated based on the median income of a specific geographical area, such as a city or county. To qualify, households must earn between at least 35-80% of the AMI based on the family’s size and include all sources of gross income.
Habitat for Humanity aims to provide affordable and sustainable housing solutions to low-income families. By using AMI, Habitat guarantees homes are priced appropriately for participants in our Homeownership Program. The income guidelines help determine affordable mortgage payments, taking into account the financial capacity of the homeowners. Please note that most Habitat homes in the Bloomington area are affordable to households earning 35% or higher of the area median income.
It’s important for potential Habitat for Humanity homebuyers to be aware of these income requirements, start the application process for assistance programs early, gather necessary documentation in advance, and acknowledge the relevance of AMI in assessing program eligibility.
Together, we can work toward achieving your dream of owning a home. We strongly encourage you to reach out to us with any questions you may have. For questions, contact Martha, Homeowner Services Director, at hs@monroecountyhabitat.org or call 812-331-4069.