How Our Homeownership Program Works
Habitat for Humanity is a homeownership program that empowers families to build a new life for themselves through the stability and security of owning their own homes.
Habitat homes are not given away, but instead are sold to families who qualify and are willing to put in hundreds of hours of sweat equity labor and make an affordable monthly mortgage payment. Habitat homes are affordable because Habitat does not make a profit, the homes are sold with a low interest loan, and volunteers help build them. It is a program that works- a hand-up, not a hand-out!
Selected families are our partners in every sense of the word. Each applicant contributes 250 hours of labor on their own home and on the homes of other Habitat families. Future homeowners also participate in our Homebuyer Education program, a series of classes designed to prepare them for the responsibilities of homeownership. Current topics include basic building skills, yard and lawn care, budgeting, credit, and being a good neighbor.
“Although I got to paint my room, my favorite part of the house is the doorbell! It isn’t just a doorbell, it is a sign of welcome, a sign to say this is your home. I’ve never had a doorbell that has ever worked and sometimes there wasn’t even one. So, when I see that doorbell, I know this is our forever home.” Maryann, Age 16, Habitat Homeowner Family Member
Habitat selects applicants who meet our criteria:
1. Willingness to Partner: Families must be able to show they are willing to partner with Habitat by contributing 250 hours per applicant on the construction of their home and the homes of other families; willing to save $2,000 for closing costs; willing to continue to partner with Habitat after their home is finished through on-time mortgage payments, volunteerism, and home upkeep.
2. Need for Housing: Families must currently live in substandard, crowded, or unaffordable housing, or housing that for some reason does not meet the needs of the family.
3. Ability to Pay: Families must meet the financial requirements and have the ability to make a monthly mortgage payment based on 28% of their gross (before taxes) monthly income. Our current income range is $25,000-$57,000 per year.
4. Residency: You must be a United States Citizen or a Legal Permanent Resident of the United States. You must have lived or worked in the Roaring Fork Valley for at least one year to apply. Our service area includes Aspen to Parachute.
For questions please contact Amy French, Family Services Director: AmyF@HabitatRoaringFork.org or 970-948-7207.