OWN YOUR OWN HOME
Because of the unstable economy, more than half of those living in Mexico do not have the economic means to build or buy a home. Of the country’s 120 million people, 30 million are underemployed and more than 10 million live without adequate housing. Escaping poverty, therefore, becomes exceedingly difficult—even more so for the single mothers that we work with at Casa de Luz (CDL). There is a desperate need for suitable and affordable housing.
The grassroots Own Your Own Home (OYOH) program provides parents with a doorway out of poverty through affordable homeownership. The families in the OYOH program have the opportunity of ‘renting’ the home from the local Mexican church for 1/3 of the family’s monthly income.
The Own Your Own Home Program provides parents incentive to get their families out of poverty and work towards owning their own home. Over the 5-year period in our program, they are provided with life skills training and mentoring to ensure success. This includes, among other things, budgeting, managing and caring for a home, and personal finances.
The OYOH program gives us the privilege of partnering, equipping and mentoring families and gives the recipients the pride of ownership and a sense of accomplishment!