Contact : Tennessee Habitats
The
Economic Activity Generated by Habitat for Humanity affiliates in Tennessee
amounted to more
than $30 million in 2010.
All affiliates purchase most of their buiding materials locally and hire locally and hire local contractors (plumbers, electricians, HVAC, etc.) to do part of the work building the houses and developing the lots.
Habitat for Humanity making a difference …
· Habitat for Humanity was ranked the 8th largest overall builder in the nation by Builder Magazine‘s 2009 Builder 100 list.
· Tennessee is Ranked 5th in Nation in Habitat for Humanity new house production.
· 51 Tennessee Habitat affiliates serve 63 counties in building, selling and financing over 200 houses a year to families earning 60% or below AMI adding over $18 million to our state’s tax base.
· Tennessee has 27 Habitat ReStores engaging the community to donate and recycle to free up our landfills and help build more houses.
· Habitat for Humanity families in Tennessee have foreclosure rate under 3%.
· Tennessee’s more than 3400 Habitat for Humanity homes have added over $272 million to our tax base.
Habitat for
Humanity model is working…
· Habitat homeowners are stable and their children do not change schools as frequently as do many low-income renters.
· Families are accepted based on their need, income, and their willingness to partner. Applicants go through a rigorous application process.
· We serve families earning between 30-60% of the area median income by Habitat providing and carrying a 0% interest mortgage, we are able to ensure the homes are affordable. Families’ mortgage payments are then used to build even more homes.
· We provide a "hand up" to our homebuyers as they work more than 400 hours of labor on the construction of their home and attend mandatory homebuyer/homeowner education classes before purchasing their home from Habitat.
· Habitat involves the community by partnering with corporations, governments, churches, individuals, foundations, faith and civic groups to provide the sponsor funding to cover the cost of construction materials to build each home.
Homeownership is
essential…
· In Tennessee, 42% of households who rent spend over 30% of their income on housing.
· Homeownership provides stability, 91% of Habitat for Humanity
houses built in Tennessee in the last ten years are still occupied by the original homeowner.
· Homeowners have brighter futures due to a stable, healthy
environment that provides space to live, to grow and to dream.
· We make it our mission and goal to not just get the family into an
affordable home, but to ensure their success as homeowners.
For other Habitat For Humanity affiliates in Tennessee
visit Habitat For Humanity of Tennessee’s website.
