TWIN CITIES HABITAT FOR HUMANITY INC
Programs
Homeownership Program
CREATING HOMEOWNERSHIP: LOW- AND MODERATE-INCOME TWIN CITIES FAMILIES PARTNER WITH TWIN CITIES HABITAT FOR HUMANITY TO ACHIEVE STABLE, AFFORDABLE HOMEOWNERSHIP. CLIENTS ARE SET UP FOR LONG-TERM SUCCESS THROUGH ONE-ON-ONE FINANCIAL COACHING, TRAINING COURSES, POST-PURCHASE SUPPORT, AND AN AFFORDABLE MORTGAGE THROUGH A SUBSIDIARY BUSINESS, TCHFH LENDING, INC. PHILANTHROPIC DONATIONS AND OTHER SUPPORT ENSURE THE MORTGAGE IS AFFORDABLE FOR THE HOMEBUYER. TCHFH WORKS WITH FAMILIES OF ALL BACKGROUNDS AND HAS TARGETED OUTREACH AND MARKETING EFFORTS TO REACH COMMUNITIES OF COLOR, PARTICULARLY BLACK HOUSEHOLDS. MORE THAN 1,600 FAMILIES HAVE PURCHASED HOMES SINCE 1985. IN FY2022, 387 FAMILIES PARTICIPATED IN THIS PROGRAM INCLUDING 89 FAMILIES WHO ACHIEVED HOMEOWNERSHIP, 84 HOUSEHOLDS WHO GRADUATED FROM FINANCIAL COACHING, AND 129 HOUSEHOLDS WHO COMPLETED HOMEBUYER EDUCATION. THE ANNUAL FORECLOSURE RATE IS UNDER 1% THANKS TO DILIGENT WORK IN PREPARING FAMILIES AND PROVIDING POST-PURCHASE SUPPORT.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$19.3MAffordable Mortgage Financing
FINANCING HOMEOWNERSHIP: LONG-TERM MORTGAGE FINANCING IS THE KEY COMPONENT THAT MAKES TCHFH HOMES AFFORDABLE. HOMES ARE SOLD TO LOCAL LOW- AND MODERATE-INCOME FAMILIES. ALL HOMEBUYERS HAVE THE OPPORTUNITY TO ACCESS AN AFFORDABLE MORTGAGE THROUGH A TCHFH SUBSIDIARY BUSINESS, TCHFH LENDING, INC. THE MORTGAGE ENSURES HOUSEHOLDS PAY NO MORE THAN 30% OF THEIR MONTHLY INCOME TOWARD HOUSING COSTS. IN FY2022, 84 HOUSEHOLDS ACCESSED A MORTGAGE THROUGH TCHFH LENDING, INC.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$1.7MCommunity Engagement for Homeownership
COMMUNITY ENGAGEMENT: TCHFH BRINGS TOGETHER A BROAD RANGE OF COMMUNITY VOLUNTEERS, SUPPORTERS, ADVOCATES, AND PARTNERS TO HELP CREATE, PRESERVE, AND PROMOTE AFFORDABLE HOMEOWNERSHIP. IN FY2022 ABOUT 6,600 VOLUNTEERS GAVE A TOTAL OF 103,366 HOURS ON HABITAT BUILD SITES, HOME REPAIR PROJECTS, AT RESTORE OUTLETS, FOR ADVOCACY EFFORTS, AND MORE (THIS NUMBER IS LOWER THAN USUAL DUE TO COVID-19). ADDITIONALLY, 54 AMERICORPS MEMBERS SERVED MORE THAN 23,000 HOURS TO ADVANCE THE MISSION.GeographiesNot indicatedDatesJul 1, 2021 – Jun 30, 2022Source990No causes providedNo populations provided–$635.3K
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