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Habifacts
excerpt from the Twin Cities Habitat for Humanity Web site

Habitat Homeowners and Their Homes

• Total amount of interest paid by Habitat homeowners on their mortgages: $0.
• Total number of Habitat homeowners who have gotten their houses for free: 0.
• The foreclosure rate on Twin Cities Habitat homes is less than 2%.
• In the U.S., the typical Habitat home is 1,100 square feet, with three bedrooms, one bathroom, no basement and no air conditioning.
• It takes an average of 4,000 volunteer hours to build or rehab a Twin Cities Habitat home.

Twin Cities Habifacts

• A homeowner works 300-500 sweat equity hours before moving into a Twin Cities Habitat home.
• Twin Cities Habitat has built or rehab-ed more than 500 homes since 1985.
• The average monthly payment for a Twin Cities Habitat home, including mortgage, insurance, taxes and maintenance escrow is $550-$650.
• The estimated number of Habitat homes to be completed in the Twin Cities in fiscal year 2004-05 is 70.
• Twin Cities Habitat plans to construct 250 homes between 2005 and 2008.
• Approximately 2,500 individuals are now living in Twin Cities Habitat homes.
• More than 250 congregations currently partner with Twin Cities Habitat.
• Twin Cities Habitat is currently ranked among the top five U.S. Habitat affiliates in number of homes built.

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