Can Habitat homeowners sell their homes and make a large profit because of the original cost?
Habitat protects the equity in the home through restrictive mortgage documents and deed restrictions. Through these documents the dream of homeownership is made possible, while a windfall profit to the homeowner if resale becomes necessary is restricted. In essence, a Habitat homeowner does not realize the full equity of the home until the mortgage is paid off in a 20-25 year time period. Through these restrictions, Habitat is able to sustain affordability of our homes.
