Why homeownership matters?
Homeownership has become increasingly difficult to achieve in Puerto Rico, but when you build with us, we can build a Puerto Rico where everyone has a decent place to live.
The median household income in Puerto Rico is $19,115.00, with an hourly minimum wage of $8.50. Based on these figures, a family’s monthly mortgage payment should not be more than $377, which represents 30% of total monthly income. In contrast, the median price for a house in Puerto Rico ranges from $175,000.00 to $319,000.00, resulting in monthly house payments varying between $940.00 and $1,700.00: a high price low- or moderate-income families simply cannot afford, thus triggering the need to live in overcrowded conditions and make poor health and nutritional decisions.Â
![](/sites/www.habitatpr.org/files/inline-images/Agradecidaensubutaca_0.jpg)
![](/sites/www.habitatpr.org/files/2022-03/JPL-241.jpg)
Decent and affordable housing helps families and communities thrive in the long-term:
- Economy - The construction and selling of new affordable homes stimulate economic development in the community and create jobs.
- Community - New homeowners are more willing to take care of their homes, fostering community vitality.
- Children - A safe, stable home is essential for healthy child development.
- Health - the stability of owning a home improves health outcomes for families and individuals.