The purpose of One House Relief Project is to fund relief efforts, in a perpetual way, on an ever-increasing scale. To accomplish this, we use some mechanisms to ensure that our funding supply is reliable and sustainable.
One House is very active at unapologetically soliciting donations. 100% of every donation is saved until we can payoff the remaining balance of a residential mortgage. Once paid off, the homeowner continues to make their mortgage payment, but now it’s to One House Relief Project, instead of to a mortgage lender. We focus on homes that have a high percentage of equity to ensure the homeowner remains motivated to make payments.
By completely paying off one house at a time, we remove all other financial stake holders in that home, and we can use the payment to fund our operations.
The payments One House receives is the fuel to the engine. We break up each payment into three allocations.
For each new home we add to the pipeline we channel an additional 1% to fund relief efforts. This process may be a little slow in the beginning, but it’s very stable and conducive to steady growth – meaning more relief projects.
Repeated until 50 percent of the incoming payment goes straight toward funding relief efforts.