Ever wonder what it takes to build a Habitat home?
Habitat for Humanity Regina is currently building a 62 townhome development called Haultain Crossing. This project is located in Regina's Eastview community and is estimated to cost over 12 million dollars to complete. Included in this cost is the construction of the homes, 3 laneways, the site servicing and preparation, as well as 2 community parks.
Habitat Regina receives funding from the Provincial Government through the Saskatchewan Housing Corporation and the Federal Government through the Canada Mortgage and Housing Corporation as well as from the City of Regina. We are also funded through the profits of our Social Enterprise, the ReStore, Gift in Kind materials and services, as well as through our ongoing fundraising efforts with corporations, individuals, and events.
When the Habitat home is complete, it is sold to an approved partner family at fair market value. That family then holds an interest free, zero down payment mortage that is set at 25% of their gross annual household income.
As the family pays the mortgage, those payments are then reinvested into the Fund for Humanity to help support the construction of future builds.
Life changes drastically for Habitat families once they move into their home. Some common outcomes are:
• 40.6% of families reported a marked increase in the school grades of their children.
• 54.2% noticed an improvement in children’s behavior.
• 22.9% of the parents went back to school.
• 34.1% of the income earners moved on to better jobs.
• 36.1% were less reliant on social assistance and community services.