Local families earning between 30% and 60% of the area median income (with the ability to serve up to 80%) can apply through our homeownership program. Local volunteers work to build and rehabilitate homes locally for families who qualify. Once the homes are completed, the families purchase the home and pay an affordable, 0% interest mortgage saving them thousands of dollars over their time as a homeowner. Partner families also complete 10 financial and homeownership education classes and must complete 350 hours of "sweat equity" helping to build their home and the homes of other partner families.
Habitat for Heroes
In partnership with Bank of America, Richmond Metropolitan Habitat for Humanity launched a new veterans homeownership program called Habitat for Heroes. Local veterans and their families earning between 30% and 80% of the area median income can apply for this program. Bank of America will donate homes to Richmond Habitat to rehabilitate with the help of local volunteers. Once the homes are completed, the veteran families will purchase the homes and pay an affordable, 0% interest mortgage. Our partner families also must complete 10 financial and homeownership education classes and must complete 200 hours of "sweat equity" helping to construct their home and the homes of other families.
Build high quality, energy efficient homes using mostly volunteer labor for Habitat for Humanity families in the Greater Richmond area.
We work with families to prepare them for the responsibility of homeownership. Families go through pre and post-purchase educational courses and meet one on one with members of the Homeowner Services team to create spending and saving plans.
ReStore Retail Operation
Richmond Habitat operates a retail operation that sells donated goods. The store not only provides income to sustain the operations of Richmond Habitat, but is a facility that can accomodate training for disabled persons. It also provides a venue for many community service hours for adults and students.