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Author: MiriamGreen Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5550  
Subject: Habitat for Humanity Date: 10/26/2000 8:07 AM
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I have seen several great posts for this organization and I would like to heartily second their nominations. I have a little more information that I hope will be helpful in the decision-making process. Thanks to Megan Cooke, Director of Development, Habitat for Humanity (Denver Metro) for the valuable info.

1) Ninety-two percent of every dollar is used to build affordable homes for low-income families. We spend only 5% on administration and 3% on fund raising. The amount of revenue applied to Habitat's programs greatly exceeds national averages for non-profit organizations. You will find it hard to find another non-profit that spends so little on administration on so much on programs.

2) Together, homeowner candidates and volunteers build simple, decent homes. Qualified families purchase Habitat homes with zero-interest loans and make mortgage payments based on 25 percent of the family's incomes. Mortgage payments are reinvested into the program to fund future construction.

3) Habitat serves families who are in need of adequate housing, willing to volunteer 500 hours of "sweat equity" labor on Habitat homes, and earn $800 - $2,200 per month to repay their mortgage. The Habitat Family Selection Committee reviews applications, identifies families who meet the requirements and recommends them for approval by the Habitat Board of Directors. Once approved, families are expected to complete 500 hours of volunteer work, and make a $1,000 down payment on their home. Habitat volunteers help families make the transition to homeownership, and families continue to volunteer time to the program. It's a true partnership from start to finish!

4) Since 1979, volunteers and homeowners have built 153 homes in Arvada, Aurora, Brighton, Commerce City, Denver, Englewood, Lakewood and Thornton. The results have been inspiring! Habitat has provided simple decent housing for more than 700 children and adults in metro Denver. Worldwide, Habitat for Humanity affiliates have built more than 100,000 homes. Habitat currently builds 35 homes per day around the globe, and is the fifteenth largest homebuilder in the United States!

5) Habitat builds and renovates homes all year long throughout the metro Denver area! In 1999, we completed 20 homes in Lakewood, Aurora and Denver, this year we will build another 20 homes in Denver and Lakewood, and next year we will build 25 homes. Volunteer construction crews work Wednesday through Saturday from 9:00 am - 4:00 pm.

6) It costs approximately $40,000 to build a Habitat home. Financial donations come from generous individuals, churches, synagogues, charitable foundations, civic organizations, businesses and corporations. Habitat also relies on significant gifts of building materials from local suppliers. To continue building homes, Habitat needs your financial support.

Thank you. I hope this helps!
Miriam
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