Habitat for Humanity can make homeownership a reality, and these days, that should be considered a major accomplishment for anyone. We go a step further, striving to make it an opportunity for everyone.
Our homeownership qualifications are not only designed to help Richmond area residents own their own home but also help them learn about financial planning and responsibility—bringing us one step closer to breaking the cycle of poverty in our community.
At Richmond Metropolitan Habitat for Humanity, owning a home isn’t just about having a roof over your head; it’s about having a real sense of ownership. When you purchase a Habitat for Humanity home, you’ll be involved in sweat equity, meaning you’ll be working on your home and others. You’ll take homeownership classes. You’ll be responsible for the mortgage and a myriad of other responsibilities that come with owning a house. If you think this sounds like a lot of work, you’re right. But just imagine walking through your front door knowing you worked hard to be in a position to open it.
Families in need of decent shelter apply to local Habitat affiliates. The affiliate’s family selection committee chooses homeowners based on their ability to repay the no-interest loan, level of need, and their willingness to become partners in the program. Every affiliate follows a nondiscriminatory policy of family selection.
Richmond Metropolitan Habitat for Humanity seeks working families with decent credit who are living in severely overcrowded conditions or in substandard dwellings. Many Habitat for Humanity homeowners previously lived in housing projects and in high crime neighborhoods.
The average Richmond Metropolitan Habitat for Humanity homeowner family earns 30% to 80% of area median income, far below what is needed to qualify for a conventional mortgage. While average rents in the greater Richmond metro area exceed $800 per month, the average mortgage payment for a Richmond Metropolitan Habitat for Humanity family ranges from $450 – $900 with 0% interest, including escrowed taxes and insurance.
Habitat for Humanity Offers Support Throughout the Homeownership Process
As a social service provider, we support our families before, during, and after the purchase of their homes. We provide this support through workshops, advocacy, and one-on-one interaction. Richmond Habitat serves approximately 580 families annually through direct and support services. Please call (804) 232-7001 ext. 115 for more information about available properties.
Looking for Health & Human Services in Your Community? Dial 211
When you are searching for a house or making other important decisions, questions may pile up quickly. When you dial 2-1-1 in Virginia, you will be connected to a trained professional who will be able to answer your questions and refer you to a variety of human and health services in your community, including resources for temporary financial assistance, food banks, rent assistance, support groups, and much more.