Homes to Owners (H2O) is an great program that aims to provide affordable, sustainable home ownership opportunities. H2O is partnering with local governments and community groups to reach out to families in the West Valley who are currently renting and would like a home to call their own. Neighborhood Stabilization Program (NSP) funds are used to purchase foreclosed homes in West Valley communities, rehabilitate them into "green" homes, and sell them to eligible homebuyers at affordable prices. These "green" homes will have brand new energy efficient appliances and designs to subsequently help the new homeowner with utility costs. The program is administered by the Housing Authority of Maricopa County (HAMC). Eligible applicants must have a credit score of at least 620, must be employed, have a minimum annual household income of $20,000 and a maximum of $79,100 (for a family of four), and able to make a 3% down payment.
To learn more about becoming a H2O homeowner, visit the H2O website at www.homes2owners.org.
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