Administrative headquarters: Atlanta, Georgia, U.S. Global/international headquarters: Americus, Georgia, U.S. Habitat for Humanity International (HFHI), usually referred to as Habitat for Humanity or Habitat, is a US non-governmental, and nonprofit organization which was based in 1976 by couple Millard and Linda Fuller. Habitat for Humanity is a Christian group. The worldwide operational headquarters are located in Americus, Georgia, United States, with the administrative headquarters located in Atlanta. As of 2020, Habitat for Humanity operates in more than 70 countries. The mission statement of Habitat for Humanity is "Seeking to place God's love into motion, Habitat for Humanity brings people collectively to build properties, communities, and hope". Homes are built utilizing volunteer labor and Habitat makes no profit from the gross sales. The organization operates with monetary assist from national governments, philanthropic foundations, corporations, and mass media companies. Notable donors embody AARP, AbbVie, Coca-Cola, Delta Air Lines, Mastercard, Merck, Pfizer, Robert Wood Johnson Foundation, TD Ameritrade, and Wells Fargo, amongst others.

As of 2013, Habitat was the largest not-for-revenue builder on the planet. Habitat for Humanity traces its origins to the time Linda and Millard Fuller spent at Koinonia Farm in 1965. The couple had a profitable business in Montgomery, sex Alabama earlier than they began a new life of Christian service. The affiliate's household choice committee chooses homeowners based mostly on their degree of need, their willingness to turn out to be companions in the program and their skill to repay the loan. Every affiliate follows a nondiscriminatory policy of household selection. Neither race nor religion is a factor in selecting the households who receive Habitat houses. Habitat for Humanity performs an extensive background verify on potential homeowners, including character references, employer interviews, and audit of funds. The candidates are required to signal launch kinds authorizing Habitat for Humanity to carry out this background check. This ensures that Habitat's danger is affordable when promoting a house and that the applicant household is in an appropriate financial position to take on the responsibility of a mortgage.

There are typically a primary and a Second Mortgage. The Second Mortgage is put in place to guard any fairness that's left that's not captured in the primary mortgage. The homeowners pay down the primary mortgage, and dating after a stated time period (which varies from affiliate to affiliate) of residing in the identical home, the Second Mortgage is forgiven (nevertheless, it is not always forgiven). However, The right of First Refusal stays in pressure until the mortgage is paid in full. Homeowners are normally anticipated to put roughly 500 hours of "sweat fairness" into their very own or other project properties, although this amount might range by location, true love the variety of wage-earning adults in each household, and the recipients' well being points. This sweat equity acts as the down fee on the home. Every hour spent incomes this sweat fairness should be accredited and signed off on by an official Habitat for Humanity representative. Sweat equity has no monetary value and can't be 'refunded'.

Once development on the home is finished and the sweat equity is accomplished in full, the homeowner purchases the house with a 0% to 2% curiosity mortgage (in the United States) that includes monthly payments (together with taxes and insurance coverage) that don't exceed 30% of the family's month-to-month income. Mortgage funds from homeowners are deposited right into a domestically administered "Fund for Humanity", the proceeds of which go towards future construction. In an effort to discourage predatory lenders from concentrating on Habitat homeowner families, mortgage agreements require the Habitat for Humanity affiliate the suitable of first refusal. Until the mortgage is paid in full, a Habitat house has no fairness and may only be bought again to Habitat for Humanity. Should a homeowner household determine to sell their dwelling through the period of their mortgage, the affiliate will buy it again at market value. Often associates may have a shared appreciation model that may enable the affiliate to recapture a portion of the fairness in the home relying on the time the household lived in the home and paid on the mortgage. This w as gener ated ​with G​SA  C onte nt G enerator  Demoversi​on᠎.