How Do You Get to Have a Habitat House?
To qualify for a Habitat house families have to apply and meet need and income guidelines and be willing to invest at least 300 hours of “sweat equity”- requirements established by Habitat for Humanity International, our parent organization. These families become a Habitat Family Partner.
• Qualified Partner Families are able to buy a new home from Monadnock Habitat for Humanity (MHFH) for a price equal to MHFH’s actual out-of-pocket costs.
• Partner Families sign a no-interest mortgage, often for thirty years, which MHFH funds. A down payment of $1,000 is required.
• Mortgage payments are made monthly to cover repayment of principal and escrow for property taxes and insurance.
Need means living in substandard housing. This includes housing that is physically inadequate, unsafe, and/or unhealthy.
• Total family income does not exceed 60% of the Area Median Family Income as reported by HUD (U.S. Department of Housing and Urban Development). Current Area Income Limits for the Keene area are:
Household Size (persons)
• Payments of mortgage principal, property taxes, and insurance do not exceed 30% of total family income.
Sweat equity means that the partner family, including relatives and friends, need to work at least 300 hours at the work site. This includes tasks within the individual’s capability, such as carrying supplies, assisting skilled tradesmen by holding work or getting tools, painting, and cleaning up.
• Applications are available by request; e-mail or telephone the Habitat office to request an application.
• The application asks for detailed financial information, including all outstanding debt or other current or planned financial obligations.
• Applications are handled by the Family Selection/Relations Committee of the Board of Directors. Personal interviews are conducted. Final decisions are made by the Board of Directors.
P.O. Box 21 . Keene, NH 03431
Phone: (603) 357 8474