Habitat for Humanity of the Roaring Fork Valley (RFV) is celebrating its 25th anniversary [47cd3411]. Over the past 25 years, they have built 66 energy-efficient homes from Aspen to Parachute, contributing over $100 million in direct and indirect economic impact to the local economy [47cd3411]. Habitat families experience immediate and long-term benefits of homeownership, including stable housing, increased financial literacy, better educational outcomes, and improved physical, emotional, and mental health [cc292570]. Currently, Habitat for Humanity RFV is completing construction on 20 net-zero, affordable homes in Rifle and will break ground on six new homes in Glenwood Springs this summer [cc292570]. The organization is developing a Modular Housing Production and Education Center in Rifle to train a local workforce in advanced construction technology and build 100 net-zero-ready, affordable homes annually for the Roaring Fork Valley region [cc292570]. Habitat for Humanity RFV encourages policy influence, partnerships, and financial investments to support their work [cc292570].
These efforts by Habitat for Humanity RFV and other organizations in the Roaring Fork Valley demonstrate the ongoing commitment to addressing the need for affordable and workforce housing in the region [47cd3411] [111261ac].
Habitat for Humanity recipients are not required to live in the home for a minimum period of time. Once the construction and closing process is complete, the new owner is free to sell the home at any time [544ef3fa]. Habitat for Humanity affiliates sell homes to eligible homeowners who pay a monthly mortgage payment and property taxes [544ef3fa]. If a homeowner chooses to sell the Habitat house, they share market appreciation with the Habitat affiliate, and the affiliate may work with another Habitat homeowner for that property [544ef3fa]. Habitat mortgages include a purchase option and shared appreciation agreement, giving Habitat the first right to purchase and a formula to calculate how any market appreciation is shared between Habitat and the home seller [544ef3fa]. If a home is sold, the mortgage or mortgages must be paid off in full, and Habitat has the option to buy the home for use by another eligible family in need of a home [544ef3fa].