TWIN CITIES HABITAT FOR HUMANITY

CREATING HOMEOWNERSHIP: LOW- AND MODERATE-INCOME TWIN CITIES FAMILIES PARTNER WITH TWIN CITIES HABITAT FOR HUMANITY TO ACHIEVE STABLE, AFFORDABLE HOMEOWNERSHIP. TC HABITAT BUILDS AND REHABILITATES AFFORDABLE HOMES, AND OFFERS HOMEBUYING PROGRAMS AND SERVICES TO FIRST-TIME HOMEBUYER CLIENTS TO SET EACH UP FOR LONG-TERM SUCCESS THROUGH ONE-ON-ONE FINANCIAL COACHING, TRAINING COURSES, POST-PURCHASE SUPPORT, AND AN AFFORDABLE MORTGAGE THROUGH OUR SUBSIDIARY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION , TCHFH LENDING, INC. PHILANTHROPIC DONATIONS AND OTHER SUPPORT ENSURE THE MORTGAGE IS AFFORDABLE FOR THE HOMEBUYER. TC HABITAT WORKS WITH HOMEBUYERS AND HOMEOWNERS OF ALL BACKGROUNDS ACROSS THE TWIN CITIES 7-COUNTY METRO. ELIGIBILITY REQUIREMENTS VARY BY PROGRAM, WITH A FOCUS ON SUPPORTING CLIENTS WHO EARN LESS THAN 80% OF AREA MEDIAN INCOME. TC HABITAT IS AN EQUAL OPPORTUNITY EMPLOYER AND EQUAL HOUSING LENDER. MORE THAN 2,000 FAMILIES HAVE PURCHASED HOMES SINCE 1985. IN FY 2025, 455 FAMILIES/HOUSEHOLDS PARTICIPATED IN THE FIRST TIME HOMEBUYER PROGRAM. 120 FAMILIES WHO ACHIEVED HOMEOWNERSHIP, 53 HOUSEHOLDS WHO GRADUATED FROM FINANCIAL COACHING, AND 223 INDIVIDUAL WHO COMPLETED HOMEBUYER EDUCATION. THE ANNUAL FORECLOSURE RATE IS UNDER 1% THANKS TO DILIGENT WORK IN PREPARING FAMILIES AND PROVIDING POST-PURCHASE SUPPORT.

FINANCING HOMEOWNERSHIP: LONG-TERM MORTGAGE FINANCING IS A KEY COMPONENT THAT MAKES HOMEOWNERSHIP WITH TC HABITAT SUCCESSFUL. HABITAT BUILT OR REPAIRED HOMES ARE SOLD TO ELIGIBLE PARTNER FAMILIES. CLIENTS MAY ALSO CHOOSE TO FIND A HOME ON THE OPEN MARKET AND ACCESS AFFORDABLE HOME FINANCING THROUGH TCHFH LENDING INC., FOR DOWN PAYMENT, CLOSING COST ASSISTANCE, AND AN AFFORDABLE TRUEPATH MORTGAGE THAT ENSURES HOUSEHOLDS PAY NO MORE THAN 30% OF THEIR MONTHLY INCOME TOWARD HOUSING COSTS. IN FY 2025, 113 CLIENTS ACCESSED MORTGAGE FINANCING THROUGH TCHFH LENDING, INC.