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

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.

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

1:51 Better Winnipeg: Single mom gets first look inside her Habitat for Humanity house

• Better Winnipeg: Single mom gets first look inside her Habitat for Humanity house
• Better Winnipeg: Alternative to lay-offs helps Habitat for Humanity
• TIMELAPSE: Crew prepares, delivers and tears down live on location at Habitat for Humanity

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