The LIPC program can assist low to moderate income Greene County residents who are not yet able to qualify for a mortgage by acting as the bank for a set period of time (usually 1-4 years) while the buyer works with a housing counseling agency (Blueprints) to improve their credit and other factors to become mortgage ready. The buyer lives in the house, and makes one monthly payment to the RACG for the duration of the LIPC contract. Typically, the RACG makes all property tax and homeowners insurance payments during the contract, and any remaining amount of the monthly payments is allocated to principal and interest. The principal payments reduce the amount owed on the home. At the end of the LIPC contract, the buyer is expected to obtain a mortgage through traditional means for the balloon payment (balance remaining on the home). The LIPC Program is available on a first come, first serve basis as houses become available. To qualify, potential homeowners must have steady income, meet with housing conselors as directed, and be able to afford the monthly payment and maintenance on the home. The program is available to homeowners meeting income requirements, which may vary by funding source used to rehabilitate the home prior to selling.To begin the process of qualifying for a mortgage, contact Irene Keirsbilck, Housing Counselor Family Economic Success, with Blueprints at 724-225-9550 ext. 421 (management 431).