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Not only does NeighborWorks Great Falls construct new homes but they also offer for sale homes which have undergone extensive renovation. Renovations are carried out by the experienced contractors and NWGF crews. Work depends on what is necessary to bring the home up to modern housing standards and may include new foundations, electrical, plumbing and heating system upgrades and other modernization work. NWGF renovations offer the best of both worlds: an older home with historic character, but with updated features. Current renovations in progress include:
Construction financing for the renovation is furnished by the City of Great Falls using Federal Community Development Block Grant and HOME monies. Owner financing is provided by the Montana Board of Housing through local lenders. To qualify for a renovated home, buyers must complete homebuyer education classes and qualify for a first mortgage from the lender. Buyers must be below 80% of adjusted median income. NeighborWorks can provide mortgage subsidy and down payment assistance to qualified buyers. To find out more how you can purchase an NWGF renovated home, please send an e-mail or call NeighborWorks Great Falls at 761-5861. |