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Another way to think about it is sweat equity. Habitat for Humanity is a great model here. In the HUD model, you hand out housing to poor people. Sometimes th
by imglorp 8y ago
Another way to think about it is sweat equity. Habitat for Humanity is a great model here.
In the HUD model, you hand out housing to poor people. Sometimes they take care of it and prosper, but usually not. Places get trashed, fixtures and copper ripped from the walls, and that's the end. You get "the projects."
In the HFH model, recipients must have jobs, references, and commitment. They get ongoing support from HFH and the community, who come to help build their house. The recipients actually buy the houses with low-rate mortgages, plus they need to put in some sweat equity with HFH either working on their house or someone else's, or on a committee like fund raising. The result is a homeowner who takes pride in their house, who has the connections and support of their neighbors, and who is more likely to elevate the community, including neighbors who didn't qualify for HFH.
There are some lessons here for a community space.
- DonHopkins 8y agoWow, so Jimmy Carter really is one of the richest people in the world, if you count Habitat for Humanity sweat equity.