Habitat For Humanity International Inc

BRING PEOPLE TOGETHER TO BUILD HOMES AND COMMUNITIES TO PROVIDE SAFE, DECENT, AFFORDABLE HOUSING

THE ORGANIZATION'S HOMEOWNERSHIP PROGRAM BUILDS HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES AND COMMUNITY VOLUNTEERS. HOMES ARE SOLD TO RESIDENTS WITH INCOMES LESS THAN 60% OF AREA MEDIAN INCOME. PARTNER FAMILIES EARN SWEAT EQUITY IN ORDER TO PURCHASE HOMES AT NO PROFIT BY MEANS OF A ZERO INTEREST MORTGAGE INDEXED TO THEIR INCOME AND ABILITY TO PAY.THE ORGANIZATION'S STRATEGIC PLAN CONCENTRATES OUR ACTIVITIES INTO THREE AREAS: BUILDING, REBUILDING, AND HOUSING SYSTEM DEVELOPMENT. BUILDING: THROUGH PROJECT 20, THE ORGANIZATION'S PRIMARY GOAL IN THE FIRST REALM IS TO BUILD AND/OR RENOVATE AND SELL 20 HOMES EACH YEAR IN THE CHARLOTTESVILLE-ALBEMARLE COUNTY REGION. IN THIS REALM, MUCH OF THE FOCUS IS ON INCREASING THE CAPACITY OF LONG-TIME LOW-INCOME RESIDENTS TO STAND ON THEIR OWN. IN EXCHANGE FOR PARTNER FAMILIES' "SWEAT EQUITY," THE ORGANIZATION SELLS HOMES AT NO PROFIT AND ORIGINATES 0% LOANS SO THAT FAMILIES EARNING BETWEEN 25% AND 60% OF AREA MEDIAN INCOME CAN BECOME HOMEOWNERS. ADDITIONALLY, HABITAT DEVELOPS MIXED INCOME COMMUNITIES. TO DATE, HABITAT HAS BUILT OR BUILT IN NINE MIXED INCOME NEIGHBORHOODS. REBUILDING: THE ORGANIZATION IS FOCUSING ON THE HOLISTIC TRANSFORMATION OF THE SOUTHWOOD MOBILE HOME PARK INTO A SUSTAINABLE, 700-800 MIXED INCOME, MIXED USE COMMUNITY. IT IS ALSO STRATEGICALLY INVESTING AFFORDABLE HOMEOWNERSHIP IN OTHER KEY NEIGHBORHOODS IN THE REGION AND UTILIZING HOME REPAIR AS A FORCE MULTIPLIER FOR COMMUNITY IMPROVEMENT. HOUSING SYSTEM DEVELOPMENT: THE ORGANIZATION SEEKS TO CHANGE THE CONDITIONS THAT CONTRIBUTE TO HOUSING POVERTY BY WORKING STRATEGICALLY AND IN COALITIONS TO CATALYZE GREATER SECTOR COORDINATION, ADVOCACY, AND MARKETPLACE INNOVATION SO THAT EVERYONE HAS A PATHWAY TO SAFE, DECENT, AFFORDABLE HOUSING.THE ORGANIZATION IS COMMITTED TO ACHIEVING IMPACT AT SCALE. BY MAINTAINING AND LAUNCHING THE REDEVELOPMENT AND REVITALIZATION OF SOUTHWOOD MOBILE HOME PARK, A 120 ACRE, 341 PAD TRAILER PARK HOUSING APPROXIMATELY 1,500 LOW-INCOME RESIDENTS, THE ORGANIZATION WILL SECURE NON-DISPLACEMENT COST SAVINGS WORTH MORE THAN $21 MILLION. IN TOTAL, THE REDEVELOPMENT OF SOUTHWOOD IS ESTIMATED TO BRING $1.4 B IN LOCAL ECONOMIC IMPACT. IN ALL NEIGHBORHOOD REVITALIZATION EFFORTS, THE ORGANIZATION IS COMMITTED TO BOTH A NON-DISPLACEMENT MODEL AND AN ASSET-BASED COMMUNITY DEVELOPMENT APPROACH. IT HELPS FACILITATE LASTING CHANGE BY HELPING COMMUNITIES BUILD ON THEIR STRENGTHS, ENGAGING RESIDENTS AS PARTNERS AS THEY IMPROVE THEIR COMMUNITIES IN MULTIPLE SECTORS SUCH AS HOUSING, RECREATIONAL AMENITIES, SMALL BUSINESS INCUBATION, AND EDUCATIONAL OPPORTUNITIES, ETC.