Does Habitat give houses to families?
No. Houses are sold to qualified families on a no-profit, no-interest basis
to make house payments affordable for low-income families. In addition to house
payments, families are required to put 500 hours of sweat-equity working on
their house and on other families' houses.
Do Habitat homeowners keep their houses up?
Yes. Habitat homeowners put over 500 hours of sweat-equity on their house and
other families houses. They have a great deal of pride in their homes because
their investment is in much more than money -- it is sweat and hard work.
Because they are involved in the construction process, Habitat homeowners are
often better equipped to do simple maintenance than are other traditional
homeowners.
What is the default rate on Habitat homes?
Nationally the rate is around 1%. There have been no
foreclosures in Laredo.
Where does the money come from?
Sponsorships come from business, civic groups, and faith communities.
operating funds come from individuals, faith communities, special events and foundation. The only use of government fund is for
the acquisition of property and for infrastructure, setting the stage for
building.
Who qualifies?
Individuals who have been residents
of Webb County for at least two years, fall below the 60% median income,
have acceptable credit history, and are willing to partner with Habitat for
Humanity.
How do I apply?
Applications are handed out at
orientation meetings coordinated by the Family Selection Committee. To get
more information or to be included on our waiting list, please contact
Habitat for Humanity at (956) 724-3227.
