For most people, buying a home is an essential part of financial independence. However, for many of our community’s families, homeownership is out of reach. Low-wage jobs with few benefits make it impossible for a family to afford a decent place to live, much less qualify to purchase a home of their own. Even full-time workers find themselves paying half their income on rent alone. Families are forced to make impossible choices. Rent or healthcare? Food or school supplies?
What would you choose?
At Habitat Capital District we believe everyone should be able to afford a decent place to live, and we are dedicated to helping our neighbors experience stability through homeownership. We rely on the support of donors like you to help us build affordable homes to sell to local families. That’s why we need your support today!
We have seen first-hand how safe, affordable homes help families thrive. For Alisha, growing up in the safety and security of a permanent home put her on a path to graduate high school and be the first in her family to attend college.
At age 16, Alisha’s life and grades were spiraling out of control. At the time, she lived with her mom, Teresa, and her younger brother, James, in a small, one-bedroom apartment. She shared a room with her brother while their mom slept on the couch.
Although Teresa worked full time and kept to a budget, it was still impossible to afford a better place for her family to live. They were forced to move frequently due to increasing rents, and Alisha started to lose focus in school.
Today, Alisha will be the first in her family to attend college. That’s because her mom, Teresa, partnered with Habitat to purchase her own home—one with an affordable mortgage and enough bedrooms for each family member—and things quickly began to turn around for her and her kids.
Homeownership brought stability to the family. Without the constant threat of having to move, Alisha was finally able to focus on her school work.
In the first year of living in our Habitat home, my GPA went from a 1.8 to a 3.7,” says Alisha. “I am proud to say I will be going to college next year. I am an example to my brother that he, too, can go to college. I can honestly say that because Habitat provided stability, it helped me realize I could have a better future.”
After purchasing a Habitat home with an affordable mortgage, families are able to continue on the path toward financial freedom. Parents no longer have to make impossible choices between basic needs. With the stability of home, kids get to be kids again: focusing on playing, learning and becoming the leaders of the future.
There are so many local families like Alisha’s in need of the opportunities that come along with owning an affordable home. I hope you will continue to partner with us right here in the Capital District by a giving a financial gift to Habitat this summer. Together, we can continue to work toward our vision of a community–and a world–where everyone has a decent place to live.
P.S. Did you know nearly 25% of your neighbors spend more than half of their monthly income on their rent payment? Meanwhile, 100% Habitat homeowners spend only one-third of their monthly income on their mortgage payment.
Donate today to ensure more of your neighbors can experience the stability of owning an affordable Habitat home.