Habitat for Humanity in the Roanoke Valley Spring 2019

Empowering families builds a stronger community, which stimulates a thriving economy.

H abitat for Humanity in the Roanoke Valley (HFHRV) is helping to eliminate substandard housing by con- structing and rehabilitating homes; advocating for fair housing policies; providing financial education and guidance to participating families; and providing access to zero - interest or low - interest loans and affordable mortgages; and empowering families. HFHRV is the only affordable housing provider in Roanoke that serves as Realtor, architect, builder, mortgage lender, counselor and educator for our partnering homeowner families. We have seen that our process not only provides a stable home environment, but also offers a mechanism for teaching families ways in which they can break the adverse cycle of poverty for the next generation. Some Habitat families even have first - time college students as a result of their participation in our homeownership program. Our process not only impacts the families we serve in profound ways, it is transforming the strength of our community as a whole.

DID YOU KNOW?

 Your donation never dies! The mortgage payments we receive from our partner families cycle back into the cost of the next home we build.  The ripple effect: While increasing the property values in the communities we serve, our home - owners pay over $156,000 in taxes to Roanoke City annually.  92 cents of every dollar donated is allocated to the cost of building homes while educating and supporting homeowners.  HFHRV maintains a 4 - star rating with Charity Navigator — the highest available rating of charities’ performance and fiscal responsibility.

Our homeowners’ mortgage payments never exceed 30% of the families’ annual income. This allows them the ability to save for the future and the potential to provide an education and a brighter future for the next generation.

Building and buying a house is an exciting accomplishment; however, there is much more to it than meets the eye. Likened to an iceberg, where 90% is below the surface of the water, the completed house is only the tip of the iceberg. There are a myriad of things that happen behind the scenes that can easily be overlooked, but not ignored. It is the dedication and hard work of our volunteers; the skilled technique and critical planning of the staff; the revenue achieved through the Habitat ReStore; sponsors and partnerships; the drive and discipline of our partner families; and friends like you who make our mission possible. We are grateful to so many stakeholders who make an enormous undertaking an achievable reality. Thank you!

HFHRV has built 227 homes since 1986. In the past 3 years, HFHRV has built 26 homes utilizing 90,000 volunteer hours, saving an estimated $900,000 in manpower hours.

The final product is only the tip of the iceberg.

# of approved family partners in the program at all times: 8 - 15

FAMILY PARTNERSHIP PROCESS

 SWEAT EQUITY: Each family completes sweat equity helping to build their home & the homes of other family partners.  REQUIRED EDUCATIONAL CLASSES: Homeownership; personal finance & savings; predatory lending & banking; insurance, warranty & construction maintenance; & writing a will.  MORTGAGE PAYMENTS: Once the family has moved in, they are responsible for the mortgage payments, utility expenses, upkeep & repairs.

APPLICATION TO APPROVAL PROCESS

CONSTRUCTION PROCESS

VOLUNTEER PROCESS

Total number of annual volunteers: 2,500

 Annual construction volunteer hours: 30,000  Annual construction manpower savings: $300,000  Annual non - construction volunteer hours: 20,600  Annual non - construction manpower savings: $200,600

FUNDING PROCESS

Sponsorships & Partnerships

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 Private Foundations & Government Funding  Planned Giving: Wills & Bequests  Donations from generous supporters like you!  Habitat is the mortgage company! Mortgage pay- ments are used to fund the cost of the next home.

Habitat for Humanity in the Roanoke Valley helps:

LEARN  Demonstrate a need for safe, permanent housing due to accessibility, overcrowding, crime, mold or other unsafe conditions.  Have a steady source of income which meets the minimum income requirements, low debt & ability to save for emergencies.  Agree to contribute sweat equity to the program & attend homeowner education classes.  Provide proof of employment & verification of rent payment history.  Pass criminal background checks, credit check & hold permanent residence or citizen status.  Pass a policy review & receive board approval.  Change the health & stability of communities throughout the region.  Serve as a community collaborator & neighborhood revitalization catalyst.  Make a positive economic impact on property values, which can help attract new business.  Trigger an unequivocal upward generational trajectory.  The environment—all Habitat homes are EarthCraft/Energy Star certified.  Create a positive social neighborhood synergy, which can potentially reduce crime & can help reduce the racial divide. PROVIDE Applicants:  Acquisition Phase (2 - 6 months): Includes title search, property survey, environmental review, & closing.  Pre - build Phase (2 - 6 months): Design home to suit approved family; historic review; contract submission; lead - based paint & asbestos removal; build scheduling; EarthCraft registration; HVAC design; activation of utilities; Building Permit application process; material take - offs & ordering; and onsite post permit.  Active Build Phase (5 - 7 months): Construction begins with volunteers & staff framing the house, hanging drywall, & installing finishes. Periodic inspections by municipality & EarthCraft Technical Advisors. Certificate of Occupancy received upon completion.  Dedication Ceremony: Family takes ownership of the home they helped build & begin to make monthly mortgage payments which are used to build more houses. Average amount of homes built each year: 8

RESTORE: SHOP | DONATE | VOLUNTEER | SUPPORT

 Open to the public, the ReStore sells new & gently used home furnishings, appliances, paint, fixtures, lawn & garden, rugs & construction supplies at 30 % – 75% less than retail.  Income from the ReStore is designated to offset construction & program cost.

Habitat for Humanity in the Roanoke Valley 3435 Melrose Ave. NW Roanoke, VA 24017

Planned Giving Please consider Habitat for Humanity in the Roanoke Valley in your planned giving portfolio through a bequest in your estate plan, as a beneficiary in your life insurance policy, with a Charitable Gift Annuity, or a Charitable Remainder Annuity Trust. Your donation is tax-deductible. The value of your support is immeasurable. You can make a donation through PayPal: http://habitat-roanoke.org/donate/donate-now/ 92 cents of your dollar goes directly to building homes.

Our sincere thanks to the City of Roanoke, Roanoke College and Freedom First for their generous support.