Financial freedom

Habitat knows that when we partner with a family to create simple, decent and affordable housing, we help that family forge a path to financial independence.

In 2015, Habitat Minnesota, with the help of Wilder Research, conducted a statewide survey to explore the connections between Habitat homeownership and improved quality of life.

As of today, the results of this survey still ring true across our network. In addition to findings about safety, health, social connectedness, and family and personal well-being, the survey reveals:

• Approximately 2 out of 3 homeowners with children feel more confident about their ability to fund their children’s college education.
• In 92% of the Habitat homes, at least one adult — either the homeowner or another family member — has started, completed or plans to start higher education or training programs.
• Of the homeowners surveyed, 40% report spending less in housing costs.
• Approximately 53% have more financial freedom since moving into their Habitat home.
• Overall, 92% of homeowners said their lives were better since moving into their home. Of those 92%, 89% said they attributed that positive change to Habitat either “completely” or “a lot.”