Albert Shields, Office of Congressman John Carney: Albert.email@example.com, 302-691-7333
Kevin Gilmore, executive director, Sussex County Habitat for Humanity: firstname.lastname@example.org, 302-855-1153, ext. 201
Neil Cotiaux, FHLBank: 412-335-9488
Congressman Carney Presents $250,000 Grant to Sussex County Habitat:
New Financing Presented as Two Families Move into Georgetown Point Homes
Georgetown, DE – February 24, 2012 – Congressman John Carney (D-DE) announced today that five more affordable homes in Georgetown will be built as the result of a $250,000 grant presented to Sussex County Habitat for Humanity.
Congressman Carney was the keynote speaker at a dedication ceremony for two recently completed homes that opened their doors to new owners today in the Georgetown Point subdivision. The homes were part of the first phase of the Habitat project that is being built by volunteers in the community.
Today’s $250,000 grant, from the Federal Home Loan Bank (FHLBank) of Pittsburgh’s Affordable Housing Program (AHP), will help fund the second phase of construction. The AHP is administered by FHLBank with the assistance of local financial institutions including Fulton Bank, which helped Sussex County Habitat apply for the grant and is delivering the funds to the nonprofit. An earlier FHLBank grant, also for $250,000 and delivered by Fulton Bank, helped fund the first phase of the 22-home project.
“Every Delawarean should have a safe, affordable place to live and raise a family,” said Congressman Carney. “This grant is important to families in our community, and it leads to other opportunities, such as homeowner education training and lessons in financial management, which help families improve their situation over the long term. I applaud the Federal Home Loan Bank and Sussex County Habitat for Humanity for their tremendous work in our state, and wish nothing but the best for the families who will soon be joining the Georgetown Point community.”
To qualify for a Habitat home, individuals or families must have incomes between 25 and 60 percent of the area median income. They must also contribute 250 hours of labor to help build their home or a neighbor’s home and pay closing costs on Habitat’s interest-free mortgage. All mortgage proceeds are used to support the construction of future Habitat homes.
“Habitat homeowners are neighbors who have experienced substandard housing and are now taxpaying, contributing members of their community,” said Kevin Gilmore, executive director of Sussex County Habitat. “We are proud to offer a hand-up to families so they may experience God’s love in a safe, decent, and affordable place to live.”
About the new homeowners
The Roblero Perez family consists of a couple and two young children who currently live in a trailer on a rented lot and share their home with other family members. The home lacks adequate heat and has significant structural problems. To support his family, Mr. Perez works at the local chicken processing plant.
To prepare for homeownership, the couple has helped build their house, participated in classes on budgeting, saved to pay for closing costs, and attended homeowner education classes. The family is looking forward to warm nights in their new home.
The Sanchez Garrido family consists of a couple, their two children and the wife’s sister. Mr. Sanchez works in construction, doing electrical, plumbing and other work. The family lives in a rented trailer that lacks heat. The home also has significant structural problems. Like the Perez family, the Sanchez family helped build their home, attended budget and homeowner training classes, and saved to pay closing costs. They look forward to a place where their children can play safely.
About Sussex County Habitat for Humanity
Sussex County Habitat for Humanity is a nonprofit Christian housing ministry committed to building simple, decent, and affordable homes in partnership with low-income families regardless of race, color, religion, sex, handicap, familial status, national origin, age, marital status, sexual orientation or sources of income. It is currently celebrating its twentieth anniversary.
FHLBank Pittsburgh provides a steady stream of low-cost liquidity to local lenders in support of housing finance and community and economic development. FHLBank is privately funded and capitalized and uses no taxpayer dollars. At December 31, 2011, the Bank had 300 financial institution members in its cooperative and approximately $52 billion in assets.