Housing Meeting- February 25th at 6:00 PM
About This Campaign
Once selected for the Habitat program, families are paired with a mentor who will work with them throughout the program. Families are expected to contribute up to 250 "sweat equity" hours (volunteer hours) per adult before they close on their new home. In addition to the knowledge learned on the job sites, families also participate in classes geared toward successful home ownership such as budgeting, maintenance, and disaster planning. A typical family will spend between 12 and 24 months with Habitat before they get the keys to their new home.
If you make at least $26,500 per year, have a need for safe affordable housing, and are willing to partner with Habitat for Humanity, our program may be right for you. Our future homeowners pay a low down payment, and have a zero-percent mortgage with affordable mortgage payments at 30% of their income.
Homeowner workshops are held at various times throughout the year at which time applications to the program open for a two week period.
Location / Venue
- Feb 25, 2021 06:00 pm to
- Feb 25, 2021 08:00 pm
Campaign to Support Habitat for Humanity Quad Cities
The Habitat program is a multi-prong approach to breaking the cycle of poverty. First, we work to identify low income families who can’t qualify for traditional mortgages and who have a need for better housing options. We pair this family with a mentor who helps them through the process of building a new home. In addition, the families must complete 250 hours per adult of “sweat equity” before they can move into their new home. They must also complete a series of classes relating to budgeting, home maintenance, and other information pertaining to successful home ownership. Once the program and build is complete the Partner Family will close on their new home with a zero percent mortgage and 1% down payment. Habitat for Humanity holds this mortgage to ensure that the family’s payments are no more than 30% of their annual budget. The mortgage payments they make are paid forward to help us build homes for future families.Habitat for Humanity Quad Cities builds strength, stability, and self-reliance through affordable housing. In addition to the Home Building program, we also operate a Home Repair and Neighborhood Revitalization program.