Habitat has built more than 200,000 houses around the world,
providing more than 1,000,000 people in more than 3,000
communities with safe, decent, affordable shelter. HFHI was
founded in 1976 by Millard Fuller along with his wife Linda.
How does it work?
Through volunteer labor and donations of money and materials,
Habitat builds and rehabilitates simple, decent houses with
the help of the homeowner (partner) families. Habitat houses
are sold to partner families at no profit, financed with
affordable loans. The homeowners' monthly mortgage payments
are used to build still more Habitat houses.
Habitat is not a giveaway program. In addition to a down
payment and the monthly mortgage payments, homeowners invest
hundreds of hours of their own labor -- sweat equity -- into
building their Habitat house and the houses of others.
What does a Habitat house cost?
Throughout the world, the cost of houses varies from as little
as $800 in some developing countries to an average of nearly
$60,000 in the United States.
Habitat houses are affordable for low-income families because
there is no profit included in the sale price. Mortgage length
varies from seven to 30 years.
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2003 Moniteau Saddle Club
