As a fair housing provider, Habitat Broward maintains an open-door policy of building in partnership with anyone in need of decent housing, regardless of gender, race, ethnicity, religion, marital status, etc.
Habitat Broward selects homeowner families based on three primary criteria: need, willingness to partner, and ability to re-pay a no-profit, zero-interest mortgage on a monthly basis.
The following is an outline of the factors and requirements that the Family Selection Committee must consider when evaluating applications from potential Habitat homeowners.
The primary consideration for selection is need for basic, low cost housing. “Housing need” is to be interpreted broadly and includes overcrowding, structural or mechanical defects, transitional, cost burdened, and unable to obtain a mortgage through the private market.
Applicants must be willing and able to fulfill the following:
- Weekly assistance in the construction of his/her home and the homes of others. All Habitat partner families must complete a minimum of 300 hours of “sweat equity”. In cases of disability, alternative tasks will be assigned.
- Participation in monthly educational workshops (HomeWORKS – Homebuyer Education Program for adults, Blueprints4Life – Youth Enrichment Program for children ages 10 – 17).
Ability to Repay
Ability to repay will be determined by whether the applicants have the following:
- Sufficient income to make monthly mortgage payments
- The ability to contribute $2,000 toward the first year’s escrow prior to occupancy of the house
- A history of favorable debt, or proof of current efforts to resolve any unfavorable credit
- Satisfactory management of any bankruptcy filed within the last 7 years; however, bankruptcy filed within the last 24 months will result in an application’s automatic disqualification.
- A monthly debt-to-income ratio that does not exceed 43% (debt includes projected mortgage payment).
- Must be either permanent residents or citizens of the United States
- Must have resided in Broward County for twelve (12) months prior to applying
- Must be first-time homeowners
- Must be unable to obtain or qualify for a conventional, low-cost or subsidized housing loan
- Must have a work history of at least two (2) years