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Overview

The Prosperity Christian Resource and Community Housing Development Center provides homeownership opportunities to Very-Low-Income individuals, that improve communities, and enhance the quality of life for men, women, children, and families.

According to the federal government, housing is considered affordable if it consumes no more than 30 percent of a house holds income.  Only households which meet certain income restrictions qualify for very low income or low income affordable housing: they must have an income that equals or exceeds a lower limit and their income must not exceed an upper limit.

Under the federal governments definitions, a family is considered low income if the household income is below 80 percent of an area's median income (AMI) after adjustment for family size; similarly, a family whose income is below 50 percent of AMI is considered very low income (after adjustment for family size.) 

The terms low income and very low income can be confusing. The following are examples of various jobs in North Carolina which pay salaries that qualify as low income and very low income under the federal government's definitions. These examples are based on the 2004 HUD Home Program Income Limits for Rockingham County, North Carolina (If you do not live in Rockingham County, please see HUD Home Program Income Limits for your County and State):

Low Income

Below 80 percent of area median income (80% Limits: Upper Limit = $36,900.00 / Lower Limit = $27,660.01) for a family of four.  Below 60 percent of area median income (60% Limits: Upper Limit = $27,660.00 / Lower Limit = $23,050.01)

                                     Job Title  & Annual Salary


Truck Driver                                                  $30,100
Legal Clerk                                                    $34,260
Firefighter                                                      $36,506


Very Low Income

Below 50 percent of area median income (50% Limits: Upper Limit = $23,050.00 / Lower Limit = $13,850.01) for a family of four. Below 30 percent of area median income (30% Limits: Upper Limit = $13,850.00 / Lower Limit = Everything below $13,850.00)
                                  

 Job Title & Annual Salary


Nurses Aide                                                    $11,500
Accounting Clerk                                           $17,000
Legal Secretary                                               $23,020

You may qualify for Very Low Income or Low Income Housing! The Prosperity Christian Resource and Community Housing Development Center provides Housing Counseling, Homebuyer Education, and Homebuyer Clubs. These services provide individuals with information that, along with their own determination and self sacrifice, enable them to become homeowners and improve their quality of life.

Please see Low Income Homes, Moderate Income Homes, New Neighborhood Developments and Homes For Sale.


For More Information Contact:

The Prosperity Christian Resource

and

Community Housing Development Center, Inc.

P. O. Box 2683, Reidsville, NC 27323
Tel: (336) 361 - 4066
FAX: (336) 348 - 1802
E-mail: webmaster@theprosperitycenter.com

 

 

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The Prosperity Christian Resource and Community Housing Development Center, Inc.
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