Real estate
BY NICHAELA SHAHEEN
Nonprot nishes work on 125 homes
The impact
Every home built creates an economic ripple. For every $1 invested, $1.62 is returned to the local economy through construction jobs, contractor payments and local spending, Executive Director Vicki Johnson said. “We hire local trades, use local suppliers, and engage thousands of volunteers,” Johnson said. “We serve those who are the backbone of our community—teachers, health care workers [and] service employees.” Families gain stability and independence through aordable mortgages, not handouts, Johnson said, which is a key dierence. Many continue giving back even after moving in by volunteering to help build homes for future neighbors.
Habitat for Humanity Montgomery County is nearing the nal build-out of its Cedar Creek neighborhood in Conroe—just four homes shy of completing the 129-home development that broke ground in 2009, Deputy Director Erik Armstrong said. The nonpro t is now preparing to break ground on a second neighborhood, Marble Creek, located in unincorporated Magnolia. “This was the best investment for the organization at the time,” Armstrong said. “We’re able to really help just give the opportunity to a very vastly growing area of the county and serve an area of the county that is largely underserved.” To qualify for a Habitat home, applicants must meet three requirements: a need for better housing, the ability to pay a mortgage, and a willingness to partner with Habitat, Johnson said. The need for better housing is determined by the living situation of applicants.
Habitat for Humanity's requirements prior to move-in Applicants must meet several requirements to qualify for housing.
350 hours helping build their new home
Complete nancial literacy class
Complete home maintenance class
Pay closing costs
SOURCE: HABITAT FOR HUMANITY MONTGOMERY COUNTYCOMMUNITY IMPACT
There is no down payment, but closing costs of $2,000–$3,500 are required, Armstrong said. The average mortgage for Cedar Creek residents is about $900.
People can donate at www.habitatmctx.org.
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