Habitat For Humanity® Winnipeg - The Future Builders
Habitat For Humanity® Winnipeg | Families thrive. Communities prosper. Everyone wins.
Homeownership Opportunities
Habitat For Humanity® Winnipeg - The Future Builders
About: Business Model

Business ModelHabitat for Humanity Manitoba (HFHM) enables low-income families the opportunity of home ownership through its unique business model by offering no down payment, no interest mortgages. The structure of the mortgage is set so homeowners pay only 25% of their family income, freeing up money to purchase other necessities of life and plan for their children's future while building equity.

Monthly mortgage payments received by Habitat are used to purchase more land which enables donations to keep on giving - building more homes, more hope and more thriving communities. HFHM's overhead expenses, including salaries and utilities, are covered by the proceeds from its unique retail operation, the ReStore which enables one hundred per cent of donated money to go into the Habitat Build Program.

HFHM raises enough money each year to construct all of the homes it builds with the funds coming primarily from the business sector, government and individuals, with community groups providing the remainder. Labour costs are reduced through the hundreds of dedicated volunteers who work tirelessly with great enthusiasm, helping to build homes under the guidance of Habitat's professional house and crew leaders.

The Habitat business model removes the barriers of home ownership for families who are in financially vulnerable positions, but are otherwise motivated and capable of improving their situation.
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