A Need for Adequate Housing

• Lack of decent and safe living conditions as defined by the Habitat for Humanity housing evaluation criteria.

• Overcrowded housing conditions.

• Excessive rental costs: a family should not have to spend more than 30% of their income on housing (excluding utilities).

An Ability to Pay

• The gross annual household income may not exceed 80% of Bernalillo County area median income. The median income varies depending on the size of the family. (See Income Criteria Guidelines).

• Two-year history of stable income.

• Monthly long-term debt payments should not exceed 15% of a family’s income. (See Income Criteria for calculation).

• An acceptable credit history: All collections and judgements must be paid in full.

• Approximately $2,500 in savings for down payment, first year annual homeowners’ insurance, and closing costs (if applicable).

• Eligibility requirement: All household members must be U.S. citizens or permanent residents.

A Willingness to Partner with Habitat

• Be willing to contribute 350 hours of Sweat Equity. These hours are earned by assisting in the construction of your home and the homes of other Habitat families, as well as by participating in homebuyer education classes. No prior construction skills or experience are required.

• Be willing to live in the neighborhood in which Habitat is currently building and follow city and subdivision regulations.

• Be willing to be a participating member of the Homeowner’s Association (if applicable).