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In support
of Habitat for Humanity of Montgomery County’s new housing neighborhood in
Conroe, Woodforest Charitable Foundation has recently pledged $100,000 over
the next four years to the non-profit organization.
Here in
Montgomery
County
, many families are living in
dangerous, unhealthy housing, and are struggling every day just to get by. People are often surprised to learn that many of these individuals
and families work full time, but still cannot afford minimally decent
housing because their income is too low for them to qualify for government
assistance in housing loans.
Thanks to Habitat for Humanity of Montgomery County, they are offered
hope for a better future through a self-help solution. In an effort to facilitate decent, affordable homes in partnership
with those in need, Habitat for Humanity provides permanent housing
solutions to very low-income working families, helping them to become
homeowners and break the cycle of poverty.
Habitat for Humanity of Montgomery County recently broke ground at the new housing neighborhood located on S. 7th Street called Cedar Creek. Woodforest Charitable Foundation's pledge will provide $25,000 per year for four years to help fuel the progress of this new infrastruture.
Phase One of the new development will include provide infrastructure
for 26 homes of the 100 total planned. Thirteen families have already signed up to contribute their minimum
required 350 hours of ‘sweat equity’ once construction begins, which will
help to build their homes and the homes of other Partner Families. The ‘sweat equity’ becomes their down payment, and the Habitat
provides a zero interest mortgage which the homeowner repays over 20 years. Homeowner’s principal payments go back into the local Fund for
Humanity and are used to build more homes.
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