not too long ago, a prospective homeowner applied and was put on a waiting list. They invested "sweat equity" in the construction of the home. They made a further commitment to put their time in on the construction of another property.
Habitat for Humanity typically did one house at a time. The land was normally donated as were materials and much of the labor. In fact, during good economic times, local businesses would sponsor a house and their employees would work on it, alongside the future homeowner, on week-ends until it was completed.
This appears to have been a mass exodus of 32 families at one time which is inconsistent with Habitat's roots.
Far cry from Habitat's beginnings.
Would likely cause former President Carter angst if the construction was with borrowed money and which allowed the homeowner to just walk in with no labor investment and perhaps no down payment.
Scott -- how about a little follow up on this for clarification?
If my last paragraph accurately describes what went on, I for one will suspend them from my designations with United Way for future donations. And I will encourage my friends and employees to do likewise.
What drive to maintain the home will a family, on the edge of poverty, have if they invest no labor or cash. That's exactly what led the mortgage meltdown as one of the primary causes. Unqualified borrowers with no equity investment.
Good deal for the occupants if they remember what mortgage payments are and are not using low interest loans which are not available to others.
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