$2,000-$10,000 in free incentives ends March 31
There are two weeks left for anyone in the home buying market to take advantage of the deal of a lifetime being financed by seven construction unions and four area home builders: a FREE $2,000 to $10,000 cash incentive. The program ends March 31.
“Neighborhoods Built by Your Neighbors” pools $1,056,000 for incentives for homebuyers to use at
closing for anything they want. The specific incentive amount is based on the home’s final cost.
The unique program’s features, in addition to the best deal you can negotiate with the builder, include:
• Cash incentives ranging from $2,000 to $10,000 to be used at closing for anything the homeowner desires – from major upgrades like finishing a basement, adding a brick front, different flooring, etc. to reducing your loan interest rate or covering closing costs.
• 100 percent union-built homes, no exceptions.
• Availability in the Missouri communities of the four participating homebuilders.
• First come, first served until the funds are exhausted.
• A commitment by participating homebuilders ensuring all work on all their homes is 100 percent union for a full year.
Participating unions are the International Brotherhood of Electrical Workers (IBEW) Local 1, SMART Sheet Metal Workers Local 36, Plumbers & Pipefitters Local 562, Cement Masons Local 527, the Eastern Missouri Laborers District Council, Painters District Council 58 and the St. Louis-Kansas City Carpenters Regional Council.
Participating homebuilders where the incentives are available are Fischer & Frichtel, McBride & Son Homes, McKelvey Homes and Payne Family Homes. The builders have committed an additional $100,000 to market the program over and above their normal marketing dollars.
A GREAT DEAL AND JOB CREATOR
The program is not only a great deal for first-time or upgrade homebuyers, it will provide an estimated 329,000 manhours of work for all the trades; that’s the equivalent of 175 full-time union jobs for a full year. With the average incentive of $5,000, an estimated 220 new homes will have proud new owners.
Over the program’s inception seven years ago, it’s estimated that it has created 3.1 million man-hours of work for union workers; add this year’s potential and it brings total man-hours of work created to 3.6 million.
The dollar contribution from each union is based on the number of hours each trade has in building the home. The actual dollars will come from either from the local’s treasury, their local or national market recovery programs, or from their industry market recovery programs.