Get a new house worth around $100,000 for half the cost, by participating in a program of the Shawnee Urban Renewal Authority.

This agency received $106,896 in stimulus funds in order to build a new energy-efficient home using Energy Star standards, although the building will not be certified by Energy Star. The house is planned to be built within the next few months as a two bedroom, single-family residence in a yet undecided location.

Applicants must be low-to-moderate income and a first-time homebuyer to qualify for the program. The selected family will pay a 3% interest rate loan to cover 50% of the building costs for 20 years. There will also be a silent mortgage on the other 50% that will become a debt if the home is sold or rented to anyone else. There is no required down payment.

CONTACT INFO
Mike Wolf (Program Manager)
or Elaine Schrum
City of Shawnee
Urban Renewal Office
(405) 273-1938