FACTS

• Sisters Habitat for Humanity was established in March 1991.Sisters Habitat for Humanity has completed 26 houses to date. The current cost of a Sisters Habitat Home is approximately $85,000 (including property cost).

• Sisters Habitat for Humanity mortgage payments average $450 per month (including property tax and insurance). Sisters Habitat for Humanity builds homes within the Sisters School District.

• Sisters Habitat for Humanity homes are built by volunteers working under the supervision of professional builders who donate their time.

• The funds for building come from donations made by individuals, churches, corporations, foundations and the proceeds from Sisters Habitat Thrift Store.
  

• Sisters Habitat for Humanity contributes 10% of net income toward Habitats' international work. These funds help build Habitat homes in developing countries.

• Habitat houses are sold at no profit to partner families, financed with no-interest mortgages that are issued for 20-30 years. House payments go into a revolving fund for Habitat for Humanity that is used to build more Habitat houses.

• Habitat for Humanity's criteria for selecting homeowners is based on these principles:
  · the family's need for adequate shelter
  · the ability to pay
  · the willingness to partner
  · the inability to qualify for conventional mortgage due to income

• Homeowner families are required to invest 500 "sweat equity" labor hours prior to occupying their home. Habitat for Humanity house costs are kept low through donations from individuals, corporations, churches, foundations and through the use of volunteer labor.

• Sisters Habitat for Humanity business is conducted by volunteers elected to a 14~17 member Board of Directors