30.09.2015 Views

2006 Annual Report

2006 Annual Report - Habitat for Humanity Canada

2006 Annual Report - Habitat for Humanity Canada

SHOW MORE
SHOW LESS
  • No tags were found...

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Habitat for Humanity Canada<br />

Structure and Programs<br />

HOMEOWNERSHIP PROGRAM<br />

Habitat for Humanity reduces the barriers to homeownership for individuals and families who are in<br />

financially vulnerable situations. In Canada, these barriers include the escalating cost of housing, high<br />

down-payments and unwieldy mortgage interest costs. To overcome these hurdles, we minimize<br />

the cost of our homes by using donated materials and volunteer labour. We allocate all mortgage<br />

payments we receive from homeowners back into our Homeownership Program. These measures<br />

allow us to offer Habitat for Humanity houses to the owners for an affordable price, with no downpayment<br />

and no-interest mortgages. The Homeownership Program helps participants reduce their<br />

total housing costs and build equity for the future. Just as important, it allows people to experience,<br />

for the first time, the feelings of homeownership: joy, pride, security and warmth.<br />

12

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!