Over time, a family's equity in their home increases. Habitat families see an improvement in their financial situation since the percentage of their income being spent on housing remains at 25%. Prior to purchasing a Habitat home, many families are spending over 50% of their income on rent.
A safe, healthy living environment contributes to the positive growth and development of children. Habitat has recorded many examples of children within Habitat families becoming healthier, completing a post-secondary education and establishing successful careers.
Communities benefit as former renters become homeowners who contribute to the tax base. Habitat build projects also offer an opportunity for community members to come together and work side by side in a meaningful way.
As the poverty cycle is broken, and a family's financial situation improves their dependence on local social services is decreased. In addition, pride of ownership leads to a renewed sense of confidence, and along with their stable, long-term housing arrangement, they become long-term contributors to the community and the local economy.