A Habitat home is not a give away. The home is sold to the partner family – with no profit at the FAIR MARKET VALUE OF THE HOME AT THE TIME OF SALE. All of the materials, land, costs, and professional services are contained within the interest free mortgage.
However – because Habitat and the Habitat Partner family PARTNER… YOU CAN SAVE over thousands of dollars.
Typical rehabilitated homes or new homes can be sold for the funds that have been expended to build or restore them!
The difference between that price (usually about $98,000) and the FAIR MARKET VALUE (usually about $148,000) is the savings to the family. That RECAPTURE OR SAVINGS BECAUSE WE BUILT IT TOGEHTER WILL only become due and payable IF THE FAMILY were to SELL THEIR HOME!
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