A common misconception is that Habitat for Humanity gives away homes. This couldn’t be further from the truth. Habitat for Humanity offers home ownership opportunities to working families who are unable to obtain conventional financing. To qualify for home ownership, Habitat families must meet 3 criteria:
- They must have a need – earning less than 60% of the area’s median household income
- They must be willing to partner — contributing 250 hours per adult of labor (“sweat equity”) to help the affiliate
- They must be able to pay – a monthly mortgage payment that they can afford … they buy the house
Through volunteer labor, gifts in kind (lumber, materials, etc.), and charitable donations, Habitat for Humanity is able to build decent, affordable housing for substantially less than would otherwise be possible. The homeowner then receives a no down payment, zero interest loan directly from Habitat, spread out across a time period that allows monthly mortgage payments to fit into their budget. Habitat for Humanity homeowners buy their homes, they contribute to the cause in a way that creates momentum for other homeowners, and they are proud, hard-working, tax paying members of our communities.
They are recipients of A Hand Up, Not A Hand Out!