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Down Payment for Homes

photograph from Money story

(before 2003)

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When a family does not have very much money, it is hard for them to buy things. One thing that is important to have is a place to live. But owning a home can cost a lot of money.

There is a company that helps people get a house to live in. Part of the deal is that the family helps to build the house. This helps to keep the cost of the house down.

In one city, there are a number of houses going up that are built by families. One man is building a house with three bedrooms and two bathrooms. He always wanted a house for his family.

His wife and his father are helping to build the house. They are pounding in the nails and putting up all of the boards. The wife was scared to go up on the roof. Now she climbs up there and helps to build it.

The company that helps the family wants the family to spend a lot of hours building their own home. The company helps to pay for the supplies. It also helps to pay for the land. The family then pays back the money later.

(This was adapted from an original story provided by News10 KXTV Sacramento.)

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