Definition of Mutual self-help housing

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TeachMeFinance.com - explain Mutual self-help housing



Mutual self-help housing

The term 'Mutual self-help housing ' as it applies to the area of agriculture can be defined as ' A program to assist groups of low-income families in building their own homes. Each family is expected to contribute at least 700 hours of labor in building homes for each other. Participating families generally have low income and are unable to pay for homes built by the contract method. The homes are generally financed by Section 502 loans'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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