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Home Homeownership

Homeownership

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Habitat for Humanity Homeownership
Habitat homes are sold to partner families with no down payment required and are financed with affordable, no-interest mortgages. In addition to mortgage payments each homeowner invests a minimum of 500 sweat equity hours into their home. All mortgage payments from partner families go directly into the Habitat for Humanity Regina build fund to build more homes.

 

Who Qualifies For a Home?
There are three criteria a family must meet to qualify for a Habitat home:

1) In need of affordable housing
The family income must be below the government-set Low Income Cut-Off (poverty line) for their particular region and their existing living conditions must be inadequate in terms of structure, cost, safety or size. The ratio of shelter expense to total income is also factored.

2) Able to repay a Habitat mortgage
The family must have a stable income sufficient to cover the monthly Habitat mortgage payments and other expenses that come with homeownership.

3) Willingness to partner with Habitat
Homeowners must demonstrate a willingness to partner with Habitat for Humanity by contributing 500 hours of sweat equity labour towards the building of their home.

Neither race nor religion is a factor in choosing the families who receive Habitat houses.

The steps to apply for a home are:
1) Attend a Habitat for Humanity home ownership information night.
Interested individuals will be provided with details regarding Habitat for Humanity home ownership including; an overview of Habitat for Humanity Regina, where we are building and the sweat equity program.
 
2) Prepare and submit your application by the given deadline.
There are numerous questions to answer and documents to copy and include in your application. Please give as much detail as you can.
 
3) Work with the Family Selection Committee (a volunteer committee) when and as they contact you.

Each application is kept in the strictest confidence. The application process is completed within three to six months from the time the application is received. Applicants can reapply yearly.

Home ownership information nights are hosted periodically. Upcoming dates will be posted at a later time. If you have any questions, please feel free to contact Habitat for Humanity Regina at (306) 522-9700

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