Habitat for Humanity - Lake Agassiz HFH

The purpose of Lake Agassiz Habitat For Humanity, Inc. is to provide simple, decent, affordable housing to those in need through the construction of various housing units. These units are then sold at no profit with a zero interest mortgage to individuals who meet specific criteria. The number of families served during the fiscal year ending June 30, 2023 includes 5 home closings, serving 26 individuals (6 adults and 20 children). In addition, our international tithe served 2.2 families during the year.Lake Agassiz Habitat sells houses to selected Partner Families upon completion of the construction projects. For fiscal year ended June 30, 2023, the mortgage income provided by current mortgage payments totaled $399,457 enabling Habitat to further continue to fulfill its mission. Included in this number are the proceeds from the sale of 1 house which totaled $195,616 and 3 families who satisfied (paid off) their first mortgage early which totaled $51,182. Regular mortgage payments made by current Partner Families, today, will pay for future house builds over the course of their mortgage term, in most cases for 30 years.

ReStore sells new and gently used building materials below retail pricing. In addition to providing a source of income to aid in the construction of housing, ReStore helps keep usable building materials out of landfills. For fiscal year ended June 30, 2023, the ReStore program provided Lake Agassiz Habitat for Humanity with additional revenue of $652,432. We also diverted over 1,037 tons from area landfills. The additional revenue helped Lake Agassiz Habitat for Humanity build more homes for low-income families within the community.