Helping families work toward homeownership in Denver

Mar 03, 2016

We’re grateful to have partners like Bank of America that share our vision for a city where everyone has a safe and affordable place to call home.

Heather Lafferty
CEO of Habitat for Humanity of Metro Denver

For many individuals and families in the Denver area, owning a home is a dream that seems out of reach. Habitat for Humanity of Metro Denver is working to change that by helping families build new homes or perform critical repairs on their existing houses, as well as providing education courses to prepare them to be successful homeowners. Classes cover basic banking, credit and debt, as well as more complicated subjects like mortgages and estate planning.

In Colorado, the need for safe, permanent housing is glaring – almost 6,000 people are homeless on any given night, more than half of them families with children. Denver alone needs 30,000 additional affordable housing units to meet the needs of people living in substandard housing.

In 2015, Habitat Metro Denver was selected as a Bank of America Neighborhood Builder – a designation that comes with $200,000 in unrestricted grant funding and two years of leadership training. The award is helping the organization deliver services to residents in need. Last year, Habitat Metro Denver served 100 families through new home construction, critical home repairs and the sponsorship of Habitat homes in partner countries around the world.

They also employed five Bank of America Student Leaders during the summer of 2015, tasking them with collecting critical data for Habitat’s Neighborhood Revitalization Program, an initiative that helps longtime homeowners perform critical repairs so they can stay in their homes. The Student Leaders surveyed residents in the Denver neighborhoods of Globeville, Elyria and Swansea to assess the need and impact of the program on the community – and developed their own service-minded skillsets along the way. In 2016, Habitat Metro Denver plans to serve 20 percent more families through these efforts.

As a Neighborhood Builder, the organization is making a real difference for local families in need of safe, affordable housing. Affordable housing and homeownership are priorities for Bank of America, because they’re crucial steps toward building economically vibrant communities. “We’re grateful to have partners like Bank of America that share our vision for a city where everyone has a safe and affordable place to call home,” said Heather Lafferty, CEO of Habitat Metro Denver.

 

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