Hardin County Habitat for Humanity (HCHFH) finances the construction of houses through fundraising activities described in the Sponsors section. An additional source of funding is house payments made by Partner Families. The families send their house payments to Kentucky Housing Corporation (KHC) where the bookkeeping takes place as a free service of KHC. KHC sends one check each month to HCHFH and this money is deposited into our operation account where it goes to finance the current build. As a result, the families that are currently paying house payments are financing more than a quarter of each house that we build.
Tracking $1 through its life cycle:
The $1 first goes into the construction of a house.
That house is sold to a family who then sends that $1 back to habitat in the form of their house payment .
The $1 then contributes to another house that is under construction.
Essentially, that $1 keeps coming back several times a year as it is reinvested in more and more house.
The dollars that went into our first house in 1992 are still in the cycle and will be there with interest as long as this affiliate exists.
This is a marvelous concept. Your donation never stops giving.
We follow the financial principles established by HFHI (Habitat for Humanity International). The only non-construction costs we incur are the salary of our office manager, office supplies, and postage associated with our newsletter and thank you notes. We are good stewards of the funds that our donors provide.