What is Habitat for Humanity
Habitat for Humanity, the official non-profit alliance of Coldwell Banker Real Estate Corporation, works to build decent, affordable housing. Habitat houses are sold to those in need at no profit, and with no interest charged. Through this process, dreams are built and lives are transformed.
How did Habitat start
Since its founding by Millard Fuller in 1976, Habitat has provided simple, decent, affordable shelter to more than 350,000 family members in 75,000 homes worldwide. Habitat builds houses with tax-deductible donations using volunteer and skilled labor. No government funding is accepted.
How is Coldwell Banker® involved with Habitat
Since its corporate alliance with Habitat in 1993, Coldwell Banker Affiliates have contributed millions of dollars and volunteered thousands of hours to further the Habitat mission. Additionally, Coldwell Banker Real Estate Corporation has sponsored Habitat home-builds in connection with the annual International Business Conferences, leaving a positive, lasting impression on the host communities long after the conferences are done. Coldwell Banker Real Estate Corporation is also a participating in the 100 Homes for Habitat campaign, by sponsoring one or more homes in the United States.
Who benefits from Habitat
Habitat chooses homeowners based on their level of need, their willingness to become partners in the program and their ability to repay the loan. Neither race nor religion is a factor in choosing the families who receive Habitat houses, or in working with local volunteers.
How does it work
Habitat homeowners are given a hand-up, not a hand-out, through their new homeownership opportunity. Future homeowners must contribute several hundred hours of "sweat equity" labor to their own home. The new homeowners make monthly payments on a twenty-year, no-interest mortgage to Habitat. That money is then used to help build more houses, which is why Habitat is so successful.