Habitat for Humanity of Central Iowa builds simple, decent houses that are sold to qualified families with income between 25-60% of the county median by family size. For example, in 2008 25-60% of median income for a four-person family in Story County is $17,425-$41,820. Please click on application for more guidelines.
Most of the labor used to build Habitat homes is from volunteers. This volunteer labor is not included in the sale price of Habitat homes, so it decreases the price dramatically. Volunteer information
Habitat for Humanity acts as a mortgage lender as well as a housing developer. Habitat raises all the resources needed to build a house allowing the organization to finance the sale of the home with a zero-interest mortgage, at no profit, so the monthly payments are affordable.
The sale price of a Habitat house includes:
Another important piece of Habitat's homeownership opportunities is the involvement of the partner family (future homeowner). Habitat works with each family as partners. Partner families log up to 450 hours of sweat equity by doing construction on their home and taking classes such as homebuyer education, basic home maintenance and budgeting. Each partner family also has volunteer advocates that work with them through the Habitat process, as they get ready for the responsibility of homeownership.