FOR IMMEDIATE RELEASE – Central Coast, CA – January 10, 2023 – People’s Self-Help Housing (PSHH) has released applications for their newest home ownership project: Summer Holly Lane.
Located in Nipomo, San Luis Obispo County, this new construction will see a group of owner-builders constructing a neighborhood of 10 two-story homes located at the intersection of West Branch and North Thompson. Each home will have 3-bedrooms, 2½ bathrooms and two car garages. They will also come equipped with energy-efficient features and PV solar.
The PSHH Home Ownership program assists households in the construction of new homes. Groups working together under professional supervision are taught the basic construction skills necessary. Each group contributes approximately 40+ hours per week of ‘sweat-equity’, over a 12-13 month period, This sweat-equity, used in lieu of a cash down payment and with the help of a low interest mortgage, helps low-income families become homeowners.
“This program has been the sustained heartbeat of our organization since its founding in 1970,” said Sheryl Flores, PSHH Vice President of Home Ownership. “We are thrilled to bring a new neighborhood to SLO County and to provide more opportunities for individuals to achieve the stability and wealth-building opportunity of home ownership.”
Eligibility requirements for participation in Summer Holly Lane include:
- Annual income of at least $48,000
- Good credit and rental history
- A commitment to work 40+ hours per week in Nipomo building the homes, mostly on weekends
- Borrower must be a U.S. Citizen or Permanent Resident
- San Luis Obispo County Maximum Income Limits:
- 1 – 4 people $87,500
- 5 – 8 people $115,000
Applications are available online at pshhc.org/home-ownership in English and Spanish and are due by 5pm on Friday, February 3 to be included in the lottery, which will determine the order of processing the applications. Applicants will be notified of the date and time of the lottery via email, or by mail for those without digital access. All are welcome to attend, but attendance is not required.
Questions about Summer Holly Lane can be directed to homeownership@pshhc.org.
About People’s Self-Help Housing (PSHH)
Founded in 1970, PSHH is the longest-serving nonprofit affordable housing organization on the Central Coast. With a mission of building homes and providing services to strengthen communities and change lives, PSHH serves low-income households, working families, seniors, veterans, farmworkers, those living with disabilities and the formerly homeless. It also provides homeownership opportunities through a self-help, “sweat equity” program that has seen over 1,200 homes successfully completed. PSHH has a presence in San Luis Obispo, Santa Barbara, Ventura and Monterey counties, manages over 2,000 rental units, and employs over 200 staff members. PSHH acknowledges the indigenous people of the territories that our organization occupies, including the Chumash, Salinan, Yokuts, Kitanemuk, and Tataviam people. To read the full land acknowledgement, visit pshhc.org/IDEA. For more information about the organization, visit pshhc.org, email info@pshhc.org or phone (805) 781-3088.
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Media Contact: communications@pshhc.org, (805) 548-2340
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