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Qualifications for Home Ownership
According to the official website,
"Homeowner families are chosen according to their need; their ability to repay
the no-profit, no-interest mortgage; and their willingness to work in
partnership with Habitat. Habitat for Humanity does not discriminate according
to race, religion or ethnic group."
Independent, local affiliates of Habitat for Humanity International are allowed
to interpret these guidelines as is deemed most appropriate for the location of
the affiliate.
Homeowners are usually expected to put approximately 500 hours of "sweat equity"
into their own or other project homes, although this amount may vary by location
and by the number of wage-earning adults in each family (as well as health
issues).
Mortgage payments from homeowners are deposited into a locally-administered
"Fund for Humanity," the proceeds of which go toward future construction.
Families partnering with Habitat who receive a home are required to allow the
affiliate the right of first refusal, that should they decide to sell their home
during the period of their mortage, the affiliate may buy it for no more than
the original cost of construction, regardless of any improvements made since.
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