Own a Home
The Three Criteria for Partnership
GDM Habitat partners with working families to help them purchase new construction and previously-owned homes. Habitat families are considered for partnership based on three criteria:
Ability to pay:
Willingness to partner:
Sweat Equity and the ‘Blueprint to Homeownership’ Course
Sweat Equity: Partner Families are required to complete a minimum of 300 hours of sweat equity to purchase a previously-owned home, and 400 hours to purchase a new construction home. Sweat equity opportunities are available in the office, the ReStore, at special events, through approved civic engagement, and most often working on the construction of Habitat houses. Once Partner Families select a property, they must work on their house weekly.
Blueprint to Homeownership: Partner Families earn 50 sweat equity hours when they complete the following three modules of classes.
- Finances: Including courses on Banking Services and Processes, Credit, Savings, Budgeting and Identity Theft, Scams, and Predatory Lending.
- Life as a Homeowner: Including courses on Homeowners Insurance, Closing Documents and Being a Good Neighbor.
- Protecting Your Investment/Home Maintenance: Includes the courses Outside the Home, Inside the Home, Plumbing, Electrical, and Heating/Cooling Systems.
At closing, homebuyer families purchase their home for the value of the materials and land, with no charge for volunteer labor and no allowance for profit. Financing is provided by GDM Habitat through a 20-year, NO-INTEREST mortgage.