Habitat for Humanity
Habitat for Humanity best achieves its mission through its Home Ownership Program which helps individuals and families in financially vulnerable situations build and buy quality affordable homes by reducing barriers to home ownership.
Barriers to home ownership are reduced by selling Habitat for Humanity homes with:
no down payment (families contribute a minimum of 500 hours instead),
no-interest mortgages,
payments set at 25% of gross income (including principal, property tax and insurances), and
homeowner training and support services.
This program gives families access to affordable housing while helping them build equity for the future, and as recipients of community support in helping them help themselves to escape the cycle of poverty and poverty housing, they are grateful for that support and are eager to contribute back to their own community and repay this by way of thanks.