About Habitat for Humanity Victoria
Habitat for Humanity Victoria is a community based, registered charity working towards a world where everyone has a safe and decent place to live. Founded in 1990, Habitat Victoria has built 18 homes locally and in 2015 started work on a four-unit project for another four local families. Our mission is to mobilize volunteers and community partners in building affordable housing and promoting homeownership as a means to breaking the cycle of poverty.
Habitat Victoria builds simple, decent housing in order to provide lower-income, working families with access to affordable homeownership right here in our local region. When we say "families" we are referring to a wide variety of family structures including single parent families, couples and families with elderly relatives living in the same home. Our Homeownership Program is open to people from all cultures and traditions.
Habitat for Humanity Victoria is a member of Habitat for Humanity Canada and one of 58 affiliates in ten provinces and two territories. Worldwide, Habitat for Humanity has improved shelter conditions for over a million people.
How does Habitat for Humanity work?
Through volunteer labour, efficient management and tax-deductible donations of money and materials, Habitat for Humanity builds safe, decent and affordable houses with the help of the homeowner (partner) families. Habitat houses are sold to qualified partner families at fair market value and are financed with affordable, no-interest mortgages. The homeowners' monthly mortgage payments go into a revolving fund, which is used to build more homes. Habitat’s homeownership model empowers families by providing a “hand-up".
In addition to mortgage payments, each homeowner invests hundreds of hours of their own labour, called "sweat equity”, into the building of their home and the homes of others.
A 2014 study revealed that Habitat for Humanity initiated $39 million in social benefit through its Canadian housing program. Every $1 invested produces a $4 return to society.
Read the study here.