About Habitat for Humanity
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The Fund for Humanity
The houses would be built at no profit and interest would not be charged on the loans. Building costs would be financed by a revolving fund called “The Fund for Humanity.” The fund's money would come from the new homeowners' house payments, no-interest loans provided by supporters and money earned by fund-raising activities. The monies in the Fund for Humanity would be used to build more houses.
The Fund for Humanity’s mission statement:
What the poor need is not charity but capital, not caseworkers but co-workers. And what the rich need is a wise, honorable and just way of divesting themselves of their overabundance. The Fund for Humanity will meet both of these needs. Money for the fund will come from shared gifts by those who feel they have more than they need and from non-interest bearing loans from those who cannot afford to make a gift but who do want to provide working capital for the disinherited . . . The fund will give away no money. It is not a handout.
Habitat today
Through the work of Habitat, thousands of low-income families have found new hope in the form of affordable housing. Churches, community groups and others have joined together to successfully tackle a significant social problem – decent housing for all.
Today, Habitat for Humanity has built more than 500,000 houses, sheltering more than 2 million people in more than 3,000 communities worldwide.
What we build
Why we build
How it’s possible
The Fund for Humanity
The houses would be built at no profit and interest would not be charged on the loans. Building costs would be financed by a revolving fund called “The Fund for Humanity.” The fund's money would come from the new homeowners' house payments, no-interest loans provided by supporters and money earned by fund-raising activities. The monies in the Fund for Humanity would be used to build more houses.
The Fund for Humanity’s mission statement:
What the poor need is not charity but capital, not caseworkers but co-workers. And what the rich need is a wise, honorable and just way of divesting themselves of their overabundance. The Fund for Humanity will meet both of these needs. Money for the fund will come from shared gifts by those who feel they have more than they need and from non-interest bearing loans from those who cannot afford to make a gift but who do want to provide working capital for the disinherited . . . The fund will give away no money. It is not a handout.
Habitat today
Through the work of Habitat, thousands of low-income families have found new hope in the form of affordable housing. Churches, community groups and others have joined together to successfully tackle a significant social problem – decent housing for all.
Today, Habitat for Humanity has built more than 500,000 houses, sheltering more than 2 million people in more than 3,000 communities worldwide.
What we build
- Our houses are simple, decent, and affordable to low-income families around the world.
- Whenever possible, we build sustainable, energy-efficient and healthy housing.
Why we build
- Nearly 2 billion people around the world live in slum housing and over 100 million are homeless. HFH is needed to help eliminate poverty by providing simple, decent shelter to those in need.
- Families left homeless by natural disasters, war and civil unrest often face dire housing situations as they struggle to rebuild their lives. Habitat for Humanity’s Disaster Response program provides shelter and housing solutions to help these families recover.
How it’s possible
- Homeowners and volunteers build under trained supervision.
- Individuals, corporations, faith groups and others provide vitalfinancial support.
- In the U.S., Habitat for Humanity lends no-profit, no-interest mortgage loans to its beneficiary families.
- On a global scale, Habitat’s traditional model is not always possible. Our international housing finance programs consist of innovative housing finance practices and/or partnerships with microfinance organizations.