Habitat for Humanity Philadelphia, an affiliate of Habitat for Humanity International, plans to build 21 new affordable homes on 16th and Fontain Streets, which is an area neighborhood that is heavily populated with students. HFHP Executive Director, Frank Monaghan says that students drive rent rates up, which makes it hard for long-term or impoverished residents to stay in the area.
Volunteers at Habitat Philadelphia hope to fix this problem with Diamond Park.
The new development will be for residents who earn between thirty and sixty percent of the medium income. A family of four, in other words, will need to earn between $25,000-45,000 per year.
Prospective homeowners go through an application process to become eligible to purchase the home. Once approved, they are required to contribute over 350 volunteer hours to HFHP to cover the down payment for the house. The house is then sold with a zero interest mortgage.
Future homeowner Cliff Carter says that he spent his volunteer hours building houses for members of his own community. “You’re helping to change lives,” Carter said, “…everything you do.”
Monaghan says that volunteering is a learning experience for everyone involved. “If you build your own house, you’re really going to have ownership of that. And you’re going to learn a lot of different traits.” Homeowners will know how to fix a window and leaking pipe, for example.
These traits are useful to homeowners even after they move in. “If something goes wrong, they can fix it themselves,” Monaghan added.