Milford Housing Corp. given $940,000 in federal fund

Betsy PriceGovernment, Headlines

The Milford Housing Development Corp. has been awarded a fedral $940,000 federal grant that will allow it to build 24 homes benefitting people in Kent and Sussex Counties and Worcester County, Maryland.

The Rural Development Mutual Self-Help Housing Technical Assistance grant from the U.S. Department of will enable the nonprofit to renew its Self-Help Housing Program and build those homes, expected to benefit about 100 people.

The Development Corp. provides technical assistance to families who put in the “sweat equity” earned during the construction of their home as the down payment.

“Safe and affordable housing is a basic necessity, but it’s becoming harder to find here in the First State,” said Senator Tom Carper. “I’m proud of the federal investments we’ve been able to make to increase the housing supply and put roofs over families’ heads. And I’m especially proud of the work Milford Housing is able to get done with this funding – working directly with homeowners to help them make their dreams of home ownership come true.”

David Moore, president and CEO of the nonprofit said it and USDA Rural Development has build more than 250 self-help homes.

“This program combines sweat equity, affordable mortgages, and technical assistance,” Moore said in the press release announcing the grant. “MHDC looks forward to continuing our partnership with USDA Rural Development to offer this unique homeownership opportunity in these tough economic times. Homeownership is still the greatest foundation for building wealth.”

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