
For projects that cost $3,500 or more, we put a forgiveable mortgage on the home so that we have a way to secure our investment into the home and community. The mortgage stays on the property between 7 - 10 years depending on the value of the project. We used to calculate costs based on the materials used and 50% of the retail value (which historically would come close to our organizational cost of a project.
However, as our projects have grown in depth and expense this model is less accurate. So we have decided to calculate our average project expenses based on days onsite including prep work. Twin Cities Habitat for Humanity
You can see how we calculate exterior and interior projects here: ABWK Project Calculator
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