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 Through
volunteer labor, management expertise and tax-deductible donations of money
and material, Habitat builds homes with the help of the homeowners.
Houses are sold at no profit to partner families, and non-interest mortgages
are issued over a fixed period. The mortgage payments are deposited into a
revolving "Fund for Humanity" which supports the construction of more
houses.
Habitat is not a giveaway program. It's a "Hand
Up" not a "Hand Out". Each homeowner family is required to invest a minimum
of 250 "sweat equity" hours into the construction of their home. This
reduces the cost of the house, increases the pride of ownership among family
members and fosters the development of positive relationships with other
people. |
