What is Habitat for Humanity?
Habitat for Humanity of the Roaring Fork Valley, an independent affiliate of Habitat for Humanity International, is a non-profit organization that helps provide homeownership in partnership with local families in need of simple, decent, affordable homes.
Are Habitat homes free?
No, Habitat is not a “hand-out” program. Habitat homes are sold to selected homeowners at no profit, with a low-interest loan from Habitat for Humanity. Homeowners pay an affordable monthly mortgage payment. In addition, each homeowner must complete 250 sweat equity hours by volunteering their time to work on their home and the homes of their Habitat neighbors, and make a $2,000 down payment at closing.
Who can apply for a Habitat for Humanity home?
Learn about our homeownership program and qualification criteria here.
Does Habitat for Humanity provide any additional education once the families are selected to be part of the homeownership program?
After selection families partner with Habitat to prepare for homeownership through:
- Financial readiness classes
- A first time homeowner course
- 250 hours of sweat equity, homebuilding experience
How long does it typically take from the time a family fills out an application until they can move into their home?
From application to homeownership, approximately 18 months!
What does a typical Habitat home look like?
Currently we are building duplexes and single family homes. Habitat homes are well built, low maintenance homes. Our homes are extremely energy efficient helping our environment as well as lowering the utility costs for the families. We strive to build homes that blend in well with the neighborhood in which we are building.
Is there a real need for affordable housing in our service area?
Yes. The need for affordable housing in Colorado is high and even greater in our mountain resort areas. Studies have shown that median home prices are rising much faster in Colorado than wages, creating a shortfall of homeownership opportunities in the state, especially in our valleys. Studies have also shown that affordable housing is vital to the economic health of a community. Additionally, essential workers of the community – teachers, firefighters, law enforcement personnel, emergency workers, retail workers, etc. – perform better in their job when they are able to live in the communities in which they work, not to mention what the stability does to improve their children’s scholastic performance. By reducing commute times, communities contribute to economic vitality by reducing transportation infrastructure costs, pollution, and labor turnover rates.
What makes housing “affordable”?
Housing (and related expenses such as mortgages, utilities, etc.) cannot exceed 30% of a household’s income. If a family’s housing expenses are higher than 30% of their income, they are considered burdened.
Can a homeowner sell their home?
Yes, homeowners can sell their home at any time. However, Habitat for Humanity receives first right of refusal, so the home can continue to serve local families. All of our homes are deed restricted which restricts their resale value but keeps them affordable for our families at the time of purchase.
Did Jimmy Carter start Habitat?
Habitat for Humanity was actually started by Millard Fuller in 1976 and he served as its leader until 2005. Mr. Carter has helped spread the word about Habitat’s mission by volunteering with his wife, Rosalynn, on many projects around the world. For over 25 years, the Carters have led the Jimmy and Rosalynn Carter Work Project, a week long multi-home build held in different locations each year.
Still have questions?