Home Ownership- it’s key to Economic Empowerment.
The best way to end poverty housing is providing opportunity for home ownership. For many living in substandard housing a traditional interest bearing mortgage is out of reach. Our mortgage and housing programs are a hand up, not a hand out and the basis for community success. Our partner families work to provide their futures and become partners in creating sustainable community revitalization by performing “sweat equity”, completing Homeowner Education and agreeing to a Habitat for Humanity Mortgage. Their willingness to partner ensures they earn a “Hand up, not a hand out.”
What is sweat equity?
Sweat equity is the amount of time each partner family must contribute on our construction site. Depending on family size the time is generally 250-400 hours.
What is Homeowner education?
Homeowner education is the way Habitat partner families learn about home ownership.
It prepares the partner family to handle the responsibilities of
house hold budgeting and financial management, ensuring their success.
How is a Camden County Habitat for Humanity Mortgage Different?
Our mortgages are 0% interest loans, making them far more affordable. As our partner families pay their mortgages, they are financing mortgages for more partner families.
What do you mean by a “hand up and not a handout?
Camden County Habitat for Humanity does not give away homes. Every partner family contributes sweat equity on our construction site, finishes credit and household budgeting training and pays full price for their home.
If you want to learn more about our program, call 856.963.8018 for more information.