Regina Habitat for Humanity scores big following emotional speech by Frank O’Dea
October 7th, 2014
The Regina division of Habitat for Humanity was the beneficiary of a very successful fundraiser gala put on by the renowned law firm of Miller Thomson on Sep 18th. The guest speaker was Frank O’Dea, co-founder of the Second Cup who himself was once a homeless person. In an emotional and powerful speech he assured the donors that their money really does make a difference. The organizers reported on the impact of O’Dea’s speech by saying they received record donations this year.
At Habitat for Humanity Canada, we believe in making affordable housing accessible to low-income families who could not otherwise afford to own a home.
We make this possible for our partner families by:
- Building homes using volunteer labour and donated materials
- Selling these homes to partner families with a required commitment of 500 volunteer hours
- Offering families an affordable and sustainable no-interest, no down-payment mortgage, with monthly payments set at 25 % of gross income (this includes principal repayment and property tax - at the discretion of the affiliate, homeowner insurance may be collected as well, in which case payments would not exceed 30% of gross household income)
Habitat homes help families avoid making impossible choices between rent and other basic necessities by providing them with a mortgage they can afford. An affordable mortgage allows our partner families to ensure their needs are met – including childcare, transportation, groceries, education, school supplies, medical and dental expenses, clothing, furniture, and more.
Partner families' monthly mortgage payments go into a revolving fund held by the affiliate that built the home. This fund is reinvested into the community, as it is used to build more homes for low-income families in need.