iHomeGMM builds communities with God’s people in need. iHomeGMM provides a way for people from different walks of life to share their talents/skills, time and resources to help eradicate poverty housing. iHomeGMM works on a principle that each house should build another house after 10-15 years. iHomeGMM is not a “dole-out” or for free. Homepartner-Families who avail of the house will be responsible for the repayment of their units, and their repayments will go towards the build of another house for a family in need of housing. We do not call our home dwellers beneficiaries but HOMEPARTNERS, because we believe that we are partners together building the Kingdom of God on earth.
Sources of Funds:
Donations come from three different sources:
Local gifts, cash donations and/or non-interest loans from individuals, churches, civic organizations and business entities at the local, national and international levels;
House payments by the beneficiary families and
Grants from International Entities for specific sites.
Partnerships for Community Development
Donations and monthly mortgages are pooled to be used for building more houses.
Each homepartner family pledges to put in at least 600 minimum hours of labor, called “sweat equity,” into the construction of their own and other families’ houses thereby reducing labor cost. Putting in hundreds of working hours also ensures personal involvement of all family members, and helps build strong communities through close supportive relations among neighbors.
Construction is supervised by professionals who work side by side with skilled workers, volunteers and future homeowners.
Homepartners are encouraged to fully pay their mortgages within 10-15 years. They are expected to contribute to another house through their repayments. A selection committee works out details with each family to agree on the most convenient options possible.
Interested families who wish to become homepartners must have the capacity to pay back the cost of building their unit. Families are subject to background investigation and they must willingly adhere to certain requirements like rendering sweat equity, attending meetings and pre-qualification seminars, accepting board resolutions and paying the membership fee and regular monthly dues. Family members must be of good moral character.
A family member must have no previous housing loan from any agency or access to any financing for housing. The homepartners should be willing to have their present house demolished and to relocate immediately to the iHome GMM housing project upon house dedication.
Land for the housing sites come from different sources:
- NGO’s working with the poor
- Donations from individuals and corporations
- Local government
- Government community-based housing program
Land should be residential, free from encumbrances and with provisions for appropriate site development.