FAQs – Applicants

Q    Doesn’t the large amount of subsidy needed to put low incomes families into homes make this a bad investment for public and private investments?

A    Studies indicate that the initial investment made in affordable home ownership opportunities is multiplied many times in local government revenue, taxes and fees; home-related move-in spending; local spin-off economic effects from construction activity. These economic effects include the social benefits to homeownership. As noted by the Fannie Mae Foundation, “Affordable housing energizes local economies, reduces crime, creates an atmosphere that supports the emotional and intellectual development of children, and improves a community’s quality of life.  Homeownership brings stability to families—and to communities.  A community of homeowners, a community with decent housing, grows closer and in that togetherness there’s safety and prosperity.” 

Q    Because of HNHC’s dependence on government funding, how does the organization plan to sustain itself?

A    Over its 25-year history, HNHC has diversified its funding sources.  The organization’s strategic plan addresses the need to continue this diversification.  In addition, HNHC now earns 50% of its operation dollars from developer and contractor fees.