We create homeownership opportunities for low-income families in the City of Buffalo by subsidizing the cost of homes through donations and volunteer labor. Families who purchase homes through our program are required to first contribute at least 400 hours of “sweat equity”, working alongside community volunteers to construct their homes and the houses of other families in our program. Once approved, families purchase their homes from Habitat Buffalo by paying a low-interest, affordable monthly mortgage.
Demonstration of need.
Eligible homebuyers are those unable to access a mortgage without Habitat’s help. Homebuyers earn between 40% and 80% of the area median income.
Willingness to partner.
Homebuyers partner with Habitat Buffalo throughout the program. This partnership includes completing “sweat equity,” helping to build their own home or the homes of others in our homeownership program. Homebuyers also work to repair and maintain their credit, establish a bank account, and participate in homeownership and financial literacy classes.
Ability to repay an affordable mortgage.
Successful homebuyers purchase their home from Habitat Buffalo, and repays an affordable monthly mortgage. These payments are used to fund the construction of more homes for future families.
Reach out! Please contact Tammy in our Family Services department for assistance.