Memphis, Tenn., Mar. 17, 2016 - Habitat for Humanity of Greater Memphis recently received a grant of $13,500 from the Tennessee Housing Development Agency via Habitat for Humanity of Tennessee.
This grant supports the construction of one new home in Memphis Habitat’s current neighborhood of focus – Uptown Memphis. To date, Memphis Habitat has built 33 new homes in the community; completed critical repairs on more than 85 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.
“The continuous support of partners like THDA and Habitat for Humanity of Tennessee has helped us continue to empower Memphians to build better lives for themselves and their families,” said Dwayne Spencer, president and CEO of Memphis habitat. “As a result of their support, we’ve been able to construct more than 28 homes in Memphis and Shelby County, enabling those families to buy their first homes. 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 opportunities for local families to build or improve a place they can call home.”
Funds 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 across Tennessee to aid in the construction of 20 homes statewide.
"We are extremely grateful for THDA's leadership in creating the Housing Trust Fund,” said Colleen Dudley, executive director of Habitat for Humanity of Tennessee. “We are able to use these funds and match them with $1.8 million in donations from individuals, churches, foundations and businesses to help Tennesseans build strength, stability and self-reliance through shelter.”
Upon the successful completion of this statewide grant in June 2016, an estimated 60 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.
Habitat for Humanity envisions a world where everyone has a decent place to live. Habitat houses are not given away; they are sold to partner families through an affordable 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 more homes and help more future homeowners in need of a decent and affordable place to call home.
Every 5 ½ minutes, Habitat for Humanity works with a family in need of decent housing. Habitat for Humanity strives to empower over 1,400 communities across the U.S. and more than 70 countries around the world through decent and affordable 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.
About Habitat for Humanity of Greater Memphis
Habitat for Humanity is driven by the vision that everyone needs a decent place to live, and since 1983, Habitat for Humanity of Greater Memphis has been working to realize that vision in the Memphis area. Memphis Habitat partners with people in our community to help them build or improve places they can call home through new home construction, rehabilitation work, and Aging in Place accessibility and mobility modifications for seniors. Memphis Habitat has provided 445 first-time homebuyers with affordable mortgages and completed rehabilitation projects for more than 80 Uptown residents, helping them achieve the strength, stability and independence they need to build a better life for themselves and their families. In 2016, Memphis Habitat will serve as the host for Habitat for Humanity International’s 33rd Jimmy & Rosalynn Carter Work Project. For more information, please visit MemphisHabitat.com or follow Memphis Habitat on social media.
About the Tennessee Housing Development Agency
As the State’s housing finance agency, the Tennessee Housing Development Agency (THDA) is a self-sufficient, independently funded, publicly accountable entity of the State of Tennessee. More information about THDA programs can be found online at www.thda.org.
About Habitat for Humanity of Tennessee
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. In addition to being a centralized resource for Habitat offices around the state, HFHTN works toward establishing partnerships with corporations and government agencies to further the mission of the Habitat program in Tennessee - partnering with people in our community to help them build or improve places they can call home. For more information, please visit www.habitattn.org.
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