Frequently Asked Questions
Who purchases Habitat for Humanity Homes?
Families who partner with Habitat to achieve home ownership are comprised of employed parents and their children. Parents have all demonstrated employment stability – they are employed in a range of roles. Our current homeowners include paralegals, construction workers, transit operators, bank tellers, customer service and sales representatives, and production workers.
How do families buy their homes?
Families purchase their homes from Habitat at fair market value through our unique Affordable Mortgage. This is a no-interest, no-down payment mortgage with monthly payments guaranteed to be no more than 25 per cent of monthly income. Learn more about owning a home.
How did Habitat select Olds for this development?
Habitat for Humanity acquires land in the same manner as other developers and homebuilders in the city. When opportunities come to market, we investigate their feasibility, connect with city planning and development staff, and make an offer, if the finances other factors mean that affordable homes suitable for families can be constructed on the site.
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