No. E.S.T. Habitat provides qualifying families the opportunity to purchase affordable homes.
Homes are 3 bedroom/ 1 1/2 bath houses
Homeowners pay NO interest on their mortgages, saving them an average of $125,000 over the life of their mortgage.
E.S.T. Habitat relies on the support of sponsors, donors, and volunteers to help build homes, saving the homebuyer in labor and materials.
Corporations, faith-based organizations, foundations, and individuals partner to sponsor homes financially and provide volunteers.
One – two houses are under construction and /or being rehabbed at any given time.
Since 1992, East St. Tammany Habitat has built and renovated more than 140 homes primarily in the city of Slidell and Lacombe, housing over 450 individual family members.
E.S.T. Habitat homes are for first-time homebuyers who meet specific qualifications to ensure success.
Homebuyers are expected to invest 250 sweat-equity hours in building his/her home and others and attend at least 12 homeowner education classes.
Monthly mortgage payments typically are less than 30% of the partner family’s monthly income.