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Jimmy and Rosalynn Carter Work Project expected to bring $40M to Winnipeg

Manitoba high school students work on Habitat for Humanity houses. Riley McDermid / Global News

A new study released by the Habitat for Humanity has shown the Jimmy and Rosalynn Carter Work Project is expected to generate $40.6 million for Winnipeg.

READ MORE: Former U.S. president Jimmy Carter in Winnipeg for Habitat for Humanity build

Habitat researched the impact of the project and projected the effect for a 50-year time frame starting in 2017 and running until 2067.

  • The initial investment for the project to buy the land along with building 25 homes is valued at $6.5 million.
  • 50-year income from mortgage payments: $15.1 million.
  • 58 additional homes added.
  • Value of homes still making mortgage payments: $4.5 million.
  • Social return on investment: $14.5 million.
  • Total value of the project to the Winnipeg community assisting 83 homes in total: $40.6 million.

The Carter project helps work with people to build safe, decent and affordable housing for purchase by low-income, working families.

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READ MORE: Jimmy and Rosalynn Carter Work Project starts blitz build of 25 homes in Manitoba

Habitat for Humanity allows families to pay mortgage payments based on that family’s capability of payment.

WATCH: Global’s coverage of the Jimmy and Rosalynn Carter Work Project

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