Mission and Affordable housing model

Mission, Vision and Values

Mission
To mobilize volunteers and community partners in building affordable housing and promoting homeownership as a means to breaking the cycle of poverty.
Vision
A world where everyone has a safe and decent place to live.
 
Values
Housing for All – Access to safe, decent and affordable housing is a basic human right that should be available to everyone.

Human Dignity – We believe in the worth and dignity of every human being. We respect the people we serve and those who help us in this effort. People are our greatest resource.

Partnership – We can best achieve our mission through meaningful and mutually beneficial partnerships with others.
Faith in Action – Building on our Christian foundation, we serve and work with people of all faiths and beliefs in a spirit of justice and compassion. Faith is lived through action.

Diversity and Inclusiveness – There is a role for everyone committed to our vision, mission and values. We seek to enrich our organization through diversity.

 

Model

Our model is simple. We acquire land affordably or through donation then select a low income family that is chosen from a pool of applicants. Habitat partner families must meet Habitat for Humanity's selection criteria. Once a family has been selected we start building a home to meet our new family’s needs. Every home is built with materials and services that are either donated or purchased using funds raised y our donors and sponsors. Our partner family must put in 500 hours of sweat equity into their new home alongside HFH volunteers and skilled trades people. Once the home is complete, the family moves in and begins making payments of no more than 30% of their monthly income to Habitat. A Habitat mortgage is interested free and no down payment is needed. The family remains a partner family with Habitat until they pay off their home. The partner family is the legal owner of the home while Habitat operated as the lender. The family may stay in their new home as long as they want or they can move at any time and put the equity they invested into their Habitat home into another home. Payments made to Habitat from partner families are invested into a revolving fund called the “Fund for Humanity” which is used to build more affordable homes for more families. The Fund for Humanity is what enables Habitat to continue to increase its local stock of affordable housing.

The cycle of affordable housing

 

The Cycle of 

Affordable Housing

  1. Selected Family: A low-income family that meets Habitat criteria is selected as a partner family
  2. Land: Land is donated or purchased for the new home.
  3. Materials and Services: Materials and services are donated or purchased using funds raised by donors and sponsors.
  4. Partner Family: The partner family puts in 500 hours of volunteer time helping to build their home.
  5. HFH Volunteers: Volunteers in the community build the home in partnership with the family.
  6. Mortgage: The home is sold to the family via a long term, no-interest mortgage.
  7. New Home: The family now owns a simple decent home that meets their needs.
  8. Mortgage Payments: Mortgage payments go into a revolving fund that is used to build homes for more families.