"THE ORIGINAL"

HIGH PERFORMANCE HOMES

On the Richest Hill

For First-Time Homebuyers and Qualified Homebuyers meeting income levels

HOME FEATURES INCLUDE:

Three Bedrooms, 1 Bath, Laundry Room

Optional Attached One-Car Garage

High Performance Insulation System

Gas Fireplace Heating System

Energy-Efficient Ventilation

Gas Water Heater

Parquet Flooring

Solar Orientation

 

     
     

                      for Application Package call 782-8579,
or Visit the Richest Hill Home Center
at 120 N. Main Street in Butte.

                                                                                
 
Meets 5-Star
Energy Rating
Exceeds Model Energy Code

SPECIAL AFFORDABLE FINANCING OPTIONS:
Low-interest loans available:

*Montana Board of Housing Financing at Local Lenders
*Butte also qualifies for Rural Development financing (see lenders)
* Up to $5,000 available for downpayment and closing costs through HEADWATERS R C & D
*Mortgages include deed restrictions and other agreements to protect local housing affordability

EXTRA MORTGAGE SECURITY THROUGH ENERGY SAVINGS. Heating costs, with normal thermostat settings, will be under $150 a year. Hot water and electricity are extra. While lifestyle has the greatest impact on total energy costs, typical energy savings provide enough money to cover between one and two months of mortgage payments, compared with conventional new construction.


Program Income Limits
Number in Household

 1

 2

 3

 4

 5

 6
Min. Annual Income

 $14,300

 $16,300

 $18,350

 $20,400

 $22,050

 $23,650
Max. Annual Income

 $22,850

  $26,100

 $29,400

 $32,650

 $35,250

 $37,850

NOTE: (Monthly house payment amount will be based on income, and determined by agreement between the
  lender,  buyer and  Community Housing Board.)
 

Project Developer:                  National Affordable Housing Network, serving as a
                                                 community housing development organization (CHDO) non-profit housing
                                                 producer for Southwest Montana

Construction Financing:          US Bank

Mortgage Financing:               American Federal and local lenders in Butte

Project Financing:                     MT Department of Commerce HOME Program,
                               Washington Mutual Foundation

In partnership with Habitat for Humanity of Southwest Montana in the High Performance Housing Partnership (Hp2) for the Central Butte Neighborhood and the Richest Hill HomeCenter in cooperation with Butte-Silver Bow Community Development, Central Butte Neighborhood Association, Headwaters R C and D, Summit Valley Title, Local Realtors, Local Lenders (including US Bank, American Federal, Norwest, First National Bank, Western Security Bank, Granite Mountain, First Citizens and Glacier Banks.)

To qualify, see your housing lender. Sign up for the required HOMEBUYER SKILLS COURSE OFFERED AT THE RICHEST HILL HOME CENTER. ACT IMMEDIATELY FOR APPLICATION, CALL 782-8145.

FACTS ABOUT THE HIGH PERFORMANCE HOMES BEING BUILT ON THE RICHEST HILL

We are working to bring investment to Central Butte to help revitalize the area, and as part of this process, we are building several new homes to help improve our neighborhood. We are building four homes in this block (600 block of Dakota Street) under the High Performance Housing Partnership program. The program includes homes built by the National Affordable Housing Network and Habitat for Humanity. The homes are appraised at $68,000.

HOW LONG WILL THE CONSTRUCTION PROCESS TAKE?

Most of the homes will be built by a contractor and will be completed in 180 days. Two of the homes will be built by Habitat for Humanity volunteers over the next year.

WHO QUALIFIES TO PURCHASE THE HOMES?

The qualifications are that the owner must qualify for bank mortgage and have an income under 80 percent of median income or 50 percent of median income for Habitat homes.

ARE ANY HOMES STILL AVAILABLE?

Several contractor-built homes are still available for sale (two have already been taken.) Call 782-8145 to get an application package. (Habitat has a waiting list, but families may still apply, as situations change and sometimes homes become available to families on the waiting list.)

ARE COMPANION PROGRAMS AVAILABLE FOR HOMEOWNERS IN THE NEIGHBORHOOD?

Butte-Silver Bow's community development department has applied for federal grant funding for this neighborhood, including grant and loan funds for sidewalks, lighting, weed control, street repair, water-sewer work, and other community revitalization.

Over the next year, the community housing development organizations (housing non-profits) will be working to redevelop rehabilitation programs to assist homeowners needing support to upgrade their homes. In addition, Butte-Silver Bow has applied for funding to fix up rental properties rented by low-income citizens of Butte.

To participate in these programs, call or join the Richest Hill Home Center at 782-8579.

Cold-climate houseplans || The Dayton || Plan 901 || Plan 1092 || Plan 1092A || Plan 1288 || Hot-climate houseplans || 
Plan 1045H || Central Butte Neighborhood || Montana Superinsulation Project || Texas HP2 Project || Who We Are || Our Favorite Links