In the past year, Habitat has seen a 100% increase in the number of qualified families coming to us for help. Many families and individuals in our community can't afford to pay for one of their most basic needs - a place to live. Oregon is the second least affordable state in the nation for renters. Because of this, low-income families in Multnomah County average one move every 15 months. For families with children, it takes four to six months to recover academically from each school transfer.
Habitat offers homeownership opportunities to families making $25,865 - $44,340 (for a family of four) by selling homes at cost, making no profit, after the family contributes 500 sweat equity hours. Houses are sold below market value because of volunteer labor and donations. Families pay a 1% down payment on an affordable mortgage. Instead of being in a vulnerable and fragile economic position, Habitat families find themselves in a position of strength.
Homeownership has a large effect on social and economic stability in the Portland metro area. Compared to renters of the same age, income, and race, homeowners are 12 times wealthier. Their children are 35% less likely to receive welfare, 20% more likely to graduate from high school, and 62% more likely to go to college. Your donation not only helps build homes, it helps build successful futures for families.
This project has provided additional documentation in a PDF file (projdoc.pdf).
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