Habitat For Humanity: Opportunities/Support For Telluride Region
Over the next 12 months, that’s how many homes Habitat for Humanity of the San Juans will build — that’s three in Ridgway and four in Montrose. They will also turn over an additional two other affordable mortgages to families in Norwood.
The local Habitat affiliate serves Montrose, Ouray and San Miguel counties. Since 1991, they have built 51 homes in the Telluride region.
Currently the organization is looking for applicants for one of those homes in Norwood.
The single story, 1,092 square foot residence is located in the Pine Street Gardens, Habitat for Humanity neighborhood. It has three bedrooms and two baths.
“Long-term housing is a serious issue for so many. This home, with an affordable mortgage, will be a serious game changer for the right family,” said Habitat Assistant Director James Broscheid.
This home represents a Habitat success story.
According to Colleen Burke, executive director of the local Habitat affiliate, the previous owner helped build the house in 2010 and thanks to the affordability of the mortgage, she was able to save enough money in the intervening years to build her dream home.
“By selling her Habitat home back to the organization, she returned back to the pool for another family to make great use of,” she said.
Through Habitat’s homeownership program, the nonprofit is able to sell homes to qualified families at a 0-3% interest rate, with only a $500 down payment, and a set monthly mortgage payment that does not exceed 30% of the family’s gross monthly income.
According to Burke, homeownership has a profound impact on families and communities. Children of homeowners are 25 percent more likely to graduate high school and 116 percent more likely to graduate from college.
With your support, Habitat homeowners achieve the strength, stability and independence needed to build a stronger community, and better lives for themselves and their families.
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