for Humanity of Greater Memphis recently received a grant of $46,500 from the
Tennessee Housing Development Agency (THDA) via Habitat for Humanity of
This grant supports
the construction of three new homes in Memphis Habitat’s current neighborhood
of focus – Uptown Memphis. To date, Memphis Habitat has built 26 new homes in
the community; completed critical repairs on more than 80 commercial, historic
and single-family properties; led beautification efforts on 13 homes;
demolished one vacant property; and managed façade improvements and mural
installation on three neighborhood businesses.
“THDA and Habitat
for Humanity of Tennessee have consistently supported Memphis Habitat for many years,”
said Dwayne Spencer, executive director of Memphis habitat. “As a result of
their support, we’ve been able to construct more than 27 homes in Memphis and
Shelby County, enabling those families to buy homes for the first time. It’s
because of joint partnerships with local and statewide partners like them that
we’re able to maintain our momentum in eliminating blight and creating safe,
affordable housing for families in need.”
received by Memphis Habitat were part of a $500,000 grant Habitat for Humanity
of Tennessee received from the THDA Housing Trust Fund to distribute
among the 50 Habitat affiliates serving 62 counties to
aid in the construction of 30 homes statewide.
extremely grateful for THDA's leadership in creating the Housing Trust Fund and
for their strong support of our program,” said Colleen Dudley, executive
director of Habitat for Humanity of Tennessee. “We are able to take these funds
and match them with $2.8 million Habitat affiliates raised locally through donations from individuals, churches, foundations and
businesses to complete these homes.”
Upon the successful completion of this statewide
grant in June 2015, an estimated 109 children and adults will be living in new,
quality built, energy-efficient homes they own, while making monthly home loan
payments to Habitat that are then used to build even more homes.
Humanity works to end the poverty cycle through the creation of affordable
housing. Habitat houses are not given away; they are sold to partner families
at no profit and with a zero-interest mortgage. In addition to a down payment,
monthly mortgage payments and mandatory homebuyer
education classes, partner families invest hundreds of hours of their own labor
– sweat equity – into building their Habitat home and the homes of others.
Families are selected based on need, willingness to partner and ability to pay
a mortgage. Homeowner mortgage payments are recycled through a "Fund for
Humanity," which is used to build future Habitat houses.
Every 5 ½ minutes,
Habitat for Humanity serves a family in need of decent housing. Since 1976,
Habitat for Humanity has worked in partnership with families to build or repair
more than 800,000 houses and serve more than 4 million people worldwide. Habitat
for Humanity is served by its 1,500 local affiliates in the United States and
more than 70 national organizations around the world.
Habitat for Humanity of Greater Memphis
Habitat for Humanity of Greater
Memphis is dedicated to eliminating poverty housing by creating sustainable, affordable homeownership opportunities for families
in need and providing critical home repairs to low-income homeowners. Since its
founding in 1983, Memphis Habitat has served more than 440 families in
the Memphis area via its new house-building program, completed 80-plus critical
repair projects in the Uptown neighborhood and funded the construction of 64
homes abroad. Habitat houses are built with volunteer labor and sold to partner families, at no profit
and with no interest charged. Partner families make a down payment, attend a
multi-week homebuyer education course and invest hundreds of hours of “sweat
equity” into the construction of their homes and other Habitat homes. For more
information, please visit www.MemphisHabitat.com.
Tennessee Housing Development Agency
Tennessee’s housing finance agency, responsible for selling tax-exempt mortgage
revenue bonds to offer affordable mortgage loan funds to homebuyers of low and
moderate incomes through local lenders, and administering various housing
programs targeted to very low-, low- and moderate-income households. Additionally, THDA uses earnings from the
mortgage loan program to fund local housing efforts, including Habitat for
Humanity, through its Housing Trust Fund. More information is available at www.thda.org.
About Habitat for Humanity of
Habitat for Humanity of Tennessee, Inc., a nonprofit statewide support
organization, strives to provide services related to advocacy, training and
resource development to Tennessee’s 50 Habitat for Humanity affiliates who
serve 62 counties to build and sell simple, decent, affordable housing in
partnership with people in need. In addition to being a centralized resource
for Habitat offices around the state, HFHT works toward establishing
partnerships with corporations and government agencies to further the mission
of the Habitat program in Tennessee. For more information, please visit www.habitattn.org.
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