NEW CHAUNCEY HOUSING, INC.
New Chauncey Housing provides affordable home ownership, promoting the stabilization and preservation of the community.
What is New Chauncey Housing, Inc.?
Working Towards a Better Tomorrow
New Chauncey Housing Incorporated (NCHI), is a non-profit housing organization for the Cites of West Lafayette and Lafayette. Our goal is to assist low to moderate income persons or families find affordable quality housing in West Lafayette and Lafayette.
The purpose of our organization is two-fold. We seek to stabilize neighborhoods by slowing the conversion of single-family homes to rental units and provide affordable housing for low to moderate income persons or families. This works to preserve the historic nature and value of our neighborhoods.
We accomplish these goals by buying a home that is in danger of becoming a rental property, supervising the rehabilitation of the home, and marketing the home to income qualified persons and families. A single person is eligible to buy a home from NCHI if he or she earns $39,000 or less per year. A family of four may earn $55,700 or less per year. The applicant must also be able to qualify for a mortgage, and must be willing to stay in the home for a minimum of ten years or be willing to repay the subsidy with the proceeds of the sale of the home.
At New Chauncey Housing, Inc., we’re committed to investing our expertise and resources in order to further achieve our cause. Since 2000, we’ve been supporting our community members in a variety of ways and measuring our success not by monetary size, but by more qualitative measurements such as the scale and effectiveness of our efforts. Just imagine what we can achieve together!