SPRINGFIELD, Mo- Habitat for Humanity of Springfield was awarded a grant to complete improvements for nearly 40 homes in Springfield. The grant is worth $492,570.
The grant is funded by the Federal Home Loan Bank of Des Moines’ (FHLB Des Moines) Competitive Affordable Housing Program (AHP) and its member bank, Guaranty Bank. The grant will be distributed through the Habitat for Humanity repair program, Creating Healthy Homes.
Creating Healthy Homes (CHH) is a loan program funded by FHLB Des Moines, and administered through its local member financial institution, Guaranty Bank, in partnership with HFHS. Repair work for CHH projects are completed by professional contractors. Repairs include the repair or replacement of roofs, mechanical systems, windows, doors or siding; the repair or upgrading of plumbing or electrical systems, and repairs to foundations, sewers and septic systems. The loan is secured by a deed restriction.
“This is the largest grant that our Habitat for Humanity affiliate has been awarded,” said Larry Peterson, executive director of HFHS. “We are thrilled that we will be able to expand our Neighborhood Revitalization efforts through this grant by assisting even more people who are in need of safe, decent, and affordable housing.”
The recently awarded $492,570 grant will allow HFHS to complete 39 home repair projects with an average of $12,000 to be used to complete each project. For each repair project, homeowners will sign a five year deed restriction, meaning the homeowner will only pay back the loan if the home is sold or refinanced within five years of the home improvement’s completion.
Homeowners who are interested in participating in the Creating Healthy Homes loan program can find an application form on the HFHS website, or should contact Nancy Williams, Partner Services director, at 417-829-4001 x 105 or email@example.com.
(Edited News Release)