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Real Estate News: Rockford Area Habitat for Humanity receives funding
• Funds will assist organization in building home for family in need
Rockford Area Habitat for Humanity learned recently it has been awarded $34,815 to build a home in Rockford.
This grant, providing 55 percent of the cost of construction, comes from Minneapolis-based Thrivent Financial for Lutherans’ unique partnership with Habitat for Humanity International: Thrivent Builds with Habitat for Humanity.
Rockford Area Habitat for Humanity is celebrating their award in conjunction with an international announcement made Dec. 5 in Minneapolis when the partnership’s $160 million mark was surpassed with a $9.2 million commitment for 2012, the seventh year of a strong alliance between the two organizations.
Habitat for Humanity’s relationship with Thrivent Financial brings the financial, volunteer and advocacy resources of Thrivent Financial together with the affordable housing construction leadership of hundreds of local Habitat for Humanity affiliates. To date, more than 480,000 volunteers have donated more than 3 million hours to construct 1,600 homes in the U.S.
The 2012 commitment will fund the construction and rehabilitation of 142 Habitat for Humanity homes in 32 U.S. states, including the home built by Rockford Area Habitat in Rockford.
“The Thrivent Builds alliance is helping Rockford Area Habitat increase the number of families served in our community,” said Tonya Thayer, executive director of Rockford Area Habitat for Humanity. “We are so grateful for Thrivent’s support of our efforts to provide decent, affordable homes in partnership with families in need.”
Rockford Area Habitat for Humanity is a nonprofit, ecumenical, Christian housing organization that builds simple, decent and affordable homes with low-income families through partnerships with the community.
Homes are sold to first-time homebuyers with a zero percent interest, 20- to 30-year mortgage. The organization has been serving Winnebago County since 1988 and has built 94 homes in partnership with families in need.
Visit rockfordhabitat.org for more details.
From the Dec. 21-27, 2011, issue