A non-profit has money to help people get into homes but not enough people to help!

It may sound too good to be true, but we asked and found only one small catch.

The Cape Coral Housing Development Corporation expects to help about 100 families in the coming year get into a home. Now -- the money is there, but the people are not.

The Cape Coral Housing Development Corporation is rolling out the welcome mat for new people to help.

"It's one of the best things that ever happened to me in my entire life!"

Kelly Green says she never could have owned her own home without the non-profit's help.

"When you drive down the street, you realize this isn't someone else's property, it's my property; it's my home," Green says.

The CCHDC has helped 150 homeowners like Green since 1992 and hopes to make 2009 a record-breaking year.

The City of Cape Coral will receive $7 million federal dollars to help clean up the foreclosure crisis. So a brand new or newly-rehabbed home could be yours if you qualify.

"It's one of the best kept secrets in Cape Coral!" CCHDC Executive Director Bonnie Timberlake says.

Well, not any more.

The non-profit helps very low, low and now -- moderate income households. Here are the qualifications based on the 2008 Housing and Urban Development (HUD) Income Guidelines:

Moderate Income (and lower):
1 person = $50,280
2 people = $57,480
3 people = $64,680
4 people = $71,880
5 people = $77,640
6 people = $83,400

Take Green. Her house cost $130,000, but she only qualified for an $80,000 mortgage. The housing development corporation picked up the difference.

"We typically hold a second mortgage on the home," Timberlake explains. "It's a silent second, which means they don't have to pay it back."

The only catch? You have to live in the home for 15 years.

"A lot of folks say 'well I don't know if I'm going to be living here for 15 years,' and that's fine -- move, just pay back the money that you didn't put into it to begin with," Timberlake says.

Otherwise, you're sitting on instant equity.

There's even up to $25,000 to help people who find a home on their own.

The CCHDC also helps with foreclosure prevention. You can get up to $3,000 to help you stay in your home.

Give them a call at (239) 471-0922 if you qualify.