Single-Family Mutual Self-Help Housing Coachella, CA Case Study “Los Jardines” Single-Family Mutual Self-Help Housing Coachella, CA Presented by Julie Bornstein Executive Director Coachella Valley Housing Coalition

Who needs affordable HOUSING? VERY LOW-INCOME WORKERS LOW-INCOME FAMILIES MODERATE-INCOME FAMILIES HOUSEHOLDS BELOW POVERTY LEVEL Less than $13,450 For an individual Less than $22,400 For an individual $35,800 - $51,100 For a Family of Four $51,100 - $67,500 For a Family of Four Fast food cooks, medical assistants, bookkeepers, social workers, elementary school teachers, electricians, plumbers, paralegals, teachers’ aides Teachers, public safety workers, architects, physical therapists, computer programmers, dental hygienists People living below poverty level including the elderly and people with disabilities who live on fixed incomes such as Social Security Hairdressers, dishwashers, bank tellers, childcare providers, nurses aides, bus drivers, retail service people, cashiers, cooks, custodians, farmworkers

California ranks 3rd in the nation for the Highest Housing Wage

Los Jardines is a 205 single-family mutual self-help home subdivision located in the agricultural community of Coachella, California Los Jardines is comprised of: 40 three-bedroom/two-bathroom homes 165 four-bedroom/two-bathroom homes All homes have a 2-car garage Average living space: 1,300 sq. ft. Every home is equipped with an Energy Star-rated heating and air conditioning system Each home is equipped with an evaporative cooling unit which is particularly suited for the very hot, dry desert climate.

Homeownership through the Mutual Self-Help Housing Program A group of 10 to 12 families working together for 10-12 months, for 40 hours per week or 1,600 hours Sweat Equity Equivalent to Down Payment Benefits Sense of community pride Working in groups of eight to twelve, families provide 65 percent of the construction labor or the “sweat equity” on their own and each other’s homes.

Families frame, roof, install windows, paint, and landscape, acquiring valuable construction skills that may come in handy if they ever need to undertake minor home improvements.

Mortgages Income of HOMEOWNERS: Average sales price: $142,000 Average mortgage:  $126,616 Average subsidy received: $14,900 PITI: $934 Subsidy range between: $0 to 50,000 Income of HOMEOWNERS: The incomes of homeowners at Los Jardines fall between: extremely low-(30%) or $23,850 for a family of 4; very low- (50%) or $30,350 for a family of 4; and low-income (80%) or $48,550 for a family of 4. Of the 205 households the median family income breakdown is:   0-30% 45 Households (22% of homeowners) 31-50% 123 Households (60% of homeowners) 51-80% 37 Households (18% of homeowners) 205 Households Creating affordable homeownership opportunities for 205 low-income, minority rural families is at the heart of the work and mission of CVHC. Most mutual self-help families simply could not afford their own homes without this innovative program. Sixty-percent (60%) of the Los Jardines homeowners have incomes that fall within 31% to 50% of the area median income of Riverside County. Los Jardines mutual self-help housing was able to reach very low-income households because of a combination of cost-reducing program elements that included their own sweat equity labor in lieu of a cash down payment and affordable permanent financing from the USDA. Additionally, mortgage payments build equity which is wealth households can draw upon in times of need.

Major Lenders and Financing FOR LOS JARDINES: FEDERAL FUNDING 60% U.S. Dept. of Agriculture 523 Technical Assistance Grant U.S. Dept. of Agriculture 502 Direct Loan Program STATE / LOCAL FUNDING 25% SWEAT EQUITY BY HOMEOWNERS 15% TOTAL PROJECT COST: $34,500,000

Single-Family Housing Development More than 1,904 single-family homes have been completed to date through the Mutual Self-Help Housing Program Sunset Springs Desert Hot Springs, CA

Resident Services CVHC also connects its residents to a pipeline of Resident Services programs by partnering with the best providers in the field in an effort to bring a myriad of opportunities that enrich the lives of the people living in its housing.

Resident Services 8 Early Childhood Education Centers 11 After-School Kids Clubs 6 STEM Lego Robotics Programs 10 Computer Instruction + Technology Centers Ballet Folklórico Dance Instruction Mariachi Music Instruction Summer Youth Tennis Camp High School Diploma + GED Program for Adults ESL Classes + Community Gardens Housing Counseling + Financial Education Credit/Debt Counseling + Credit Report Reviews Civic Engagement Field Trips Community Gardens Wellness for Youth and Seniors

John F. Mealey College Scholarship Fund scholarships for undergraduate and graduate students Breaking the cycle of poverty through education and scholarship support

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