Annual Report and Financial Information
The Habitat business model is one of financial sustainability.Thanks to significant volunteer support, construction costs are kept low and Habitat is able to sell new houses to qualified families at no-profit. Homeowners pay back a 0% interest mortgage over 30 years and all mortgage (and home repair) payments are recycled back into our building program, creating a perpetual endowment of sorts. The ReStore (including Deconstruction) also generates sustainable income for our building programs.
Mortgage payments and ReStore proceeds account for approximately 25% of the revenue we need to acquire and develop land, build new houses and repair existing homes. We also need and depend on financial support from individuals, businesses, faith communities, foundations and government funding sources to successfully carry out our capital-intensive work.