Bedford Builds Habitat for Humanity announced this week that it has received two grants through the Tennessee Housing Development Agency Housing Trust Fund Grant. The grant contributes just over $20,000 for two homes to be built in the Bedford County area.
"This is great news for Bedford Builds Habitat for Humanity," said Pam Birtcil, executive director. "It ensures us we will build at least two new homes next year."
Bedford Builds is currently accepting applications for the program. Applicants must live in Bedford County, meet low income guidelines, and have the ability to pay a zero-percent mortage. In addition, approved homeowners will be required to save for a down payment to cover closing costs and contribute at least 350 hours of sweat equity as the home is built.
"We are also looking for home sponsorships for our new homes next year," said Birtcil. This year Tile Unlimited, Atmos Gas, Tennessee Technology Center, Pinnacle Financial Partners and Heritage South sponsored costs for local Habitat homes.
"Home ownership is great for building a strong community," Birtcil said. Locally, the agency place four adults and six children in two homes this year.
The building fund monies are part of a statewide project in which Habitat for Humanity affiliates will build 65 new homes across the state within the next two years.
"These successful projects ... stand as an example of what can be achieved by public and private partnerships when we all work together."
The agency hopes funds will spur donations from individuals, churches, and businesses. Habitat for Humanity will collectively leverage a 226 percent match for the Housing Trust Funds.
Upon the successful completion of this project, an estimated 228 children and adults will be living in a stable, new, energy efficient, affordable home they own while making monthly loan payments to Habitat to help build more homes.