You are invited to our next Habitat for Humanity Summit on Monday, March 18 at 6 pm. The topic is Permanent Affordability. What's that, you ask?
Permanent/Lasting Affordability homeownership models secure financially accessible homes for current and future low-income homebuyers through resale price restrictions that retain the original subsidies in the home.
Habitat affiliates often subsidize the cost of houses to keep them affordable, and, traditionally, this benefits the homeowner, as they get full value for the home when they sell. Lasting Affordability models ensure homes remain affordable to future homebuyers, not just the initial homeowner. Unlike other affordable housing models, these models keep housing prices from skyrocketing, ensuring low-income households are not priced out of owning homes and providing homeowners the opportunity to build equity.
The need for affordable housing is at a critical level:
Here are the details:
WHO: Anybody with an interest in learning about Permanent Affordability
WHAT: Habitat Summit
WHERE: Cornerstone Community Church, 1313 S. Division Street, Northfield. Come around to the back parking lot and come in door 5.
WHEN: Monday, March 18, 6 pm
We meet for a meal at 6 pm and then the program starts at 6:30 pm
Please RSVP HERE so we know how much food to prepare! Please - come join us for a meal - it's a nice time for fellowship with one another!
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We are ready for volunteers! Sign up HERE
We are excited to partner with Rice County's Housing and Redevelopment Authority and Three Rivers Community Action to build six houses on the northeast side of Faribault in 2024!
This new development is called Twin Oaks in Faribault. You can read more about the project HERE.
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Rice County Habitat for Humanity is a 501(c)(3) organization and an Equal Opportunity Housing Agency, and an Equal Opportunity, Affirmative Action Employer.