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Hometown Habitat News

Sponsor of the Month: Bank of America

Bank of America Sponsor of the Month in August 2020

 

Here at Habitat Lake-Sumter our mission is to bring people together to build homes, communities, and hope. But we know that we are only one piece of the puzzle; to build and repair homes for deserving families, we align ourselves with the future homeowners, volunteers, and community partners to make each and every home possible.

One such community partner is Bank of America, whose support of the work Habitat Lake-Sumter does and the families we partner with is emblematic of their commitment to the communities they reside in. On a national level, Bank of America’s partnership with Habitat for Humanity includes nearly $80 million in philanthropic funding and volunteer efforts in local markets and regions around the world, including 35,000 hours of volunteer time annually.

Locally, Bank of America has partnered with Habitat Lake-Sumter to invest $56,000 in grants over the past several years for our Preservation & Repair program and new home construction.

This year, we’ve joined forces with Bank of America for a new home build in Mount Dora, Florida. The new home construction is made possible in part by a $10,000 grant from Bank of America and stems from a shared vision that providing access to affordable housing advances economic mobility and enriches the community.

Future homeowners with Habitat Lake-Sumter invest 200 hours of their time through “sweat equity” and help build their homes alongside volunteers, homeowners also participate in financial education courses and pay an affordable mortgage. Because of Bank of America’s generous support, a new Habitat homeowner will achieve the strength, stability and independence they need to build a better life for themselves and for their family.

Better, affordable living conditions lead to improved health, stronger childhood development, and the ability—and financial flexibility—to make forward-looking choices. With Bank of America’s collaboration, Habitat Lake-Sumter is able to provide an affordable housing product and create sustainable solutions for our community.

On July 7th, we hosted a ceremonial ribbon-cutting at the site of the future home, 602 E. Jackson Avenue. However, due to precautionary health measures in regards to Covid-19, the site is currently closed to volunteers. But the home is quickly progressing, with walls raised and trusses being set just weeks later.

During a time when where you live is more important than ever, Bank of America has stood alongside Habitat Lake-Sumter and the families we serve to ensure equitable housing is available to those who need it most.