Program Impacts
The Need for Homeownership
- In Hartford 9,700 renter-households are spending more than 50% of their income on housing. Less than 25% is considered appropriate.
- 25% of Hartford’s population is considered to be below poverty level.
Homeownership Benefits to the Family:
- Affordable Home ~
Zero percent interest rate on the mortgage.
- Improved Education ~ Studies show that children of homeowners are 25% more likely than renters to graduate from high school and 116% more likely to graduate college, and 20% less likely to become teenage mothers
Homeownership Benefits to the Neighborhood:
- Stability ~ studies show that homeowners live in their neighborhood 4 times longer than renters.
- Improve ~ Homeowners are 28% more likely to repair or improve their home.
- Engaged ~ Also, homeowners are 16% more likely to join PTOs and neighborhood block watches.
Homeownership Benefits to the Municipalities:
- Generates Taxes ~ Habitat converts tax-delinquent or vacant properties into tax generating properties. Since 1989, Habitat homeowners have paid a total of $1.2 million in property taxes.
- Reduces Expenses ~ Every time a renter becomes a homeowner, taxpayers save approximately $34,000 in public expenditures (i.e., less money spent on juvenille justice, teen pregnancy, etc.).
In This Section
Meet Some of Our Families
Get Involved
How To Apply
Interested in being a
homeowner?
To learn more about Habitat for Humanity, plan to join us at our next Applicant Information Meeting!
Date: Saturday,
March 17, 2012
at 8:15 a.m.
Place: Community Renewal Team,
555 Windsor Street
Hartford, CT, 06120
Hartford Area Habitat for Humanity - a proud Equal Opportunity Employer.