“It will double the size of our living space, including four bedrooms, two bathrooms, and an attached garage,” said the divorced mother, who will move from an apartment in
It’s not easy for working-class folks to get into a
Idoko, 31, who has a master’s degree in health care administration, earns
She spent 200 hours in
Twin Cities Habitat, benefiting from a recent
The 11 St. Paul single-family homes near Willow Reserve on the
The project also received
This is not affordable housing for poor people. Habitat home buyers are working-class families. They need stable jobs and an income to qualify.
For example, a family of five earning up to
The Habitat model long has depended on considerable volunteer labor from business, churches and service clubs. That’s on top of paid, skilled workers on projects that have to meet all applicable building codes.
About 90% of Habitat homeowners are minorities, noted Twin Cities Habitat CEO
The Bremer partnership, struck in 2017, has been huge in Habitat’s recent expansion.
“There were only so many houses we could build with the volunteer model,” noted Coleman, a business lawyer before taking office at city hall. “We certainly are happy with their partnership.”
The Bremer capital, negotiated by Coleman’s predecessor at Habitat,
The Bremer fund has allowed Habitat to acquire used houses that require some rehabilitation, upgrade them and make the Bremer-capitalized loan to qualified families. That’s where the most-rapid growth of Habitat housing has come since 2018.
“They are smart about what it takes to insure homeownership. They ready buyers through budgeting and commitment,” she said.
“This is a great way to lend to the lower- to moderate-income category of borrowers. And we can lend successfully. We’re up to 175 borrowers and a little over 25% of our
Habitat buyers are getting good deals in a very tight
The median sale price of a home rose to a record
Coleman has said the goal of the Habitat-Bremer program is to serve families “who may not have quite enough income to borrow through a traditional lender” or those who need to work through a past credit issue.
The early-stage program also has drawn business interest.
“What’s cool is our design of the program has led to a model for [other Habitat chapters],” Crain said. “And a bank in
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