Dwayne Spencer highlights Framing the Future, CEO Build with Habitat for Humanity of Greater Memphis скачать в хорошем качестве

Dwayne Spencer highlights Framing the Future, CEO Build with Habitat for Humanity of Greater Memphis

Host Jeremy C. Park interviews Dwayne Spencer, President and CEO of Habitat for Humanity of Greater Memphis, who discusses the organization's mission and efforts to build more prosperous and vibrant communities by making sure everyone has a safe, affordable place to call home. Dwayne explains that Memphis Habitat has built nearly 650 homes since 1983 and completed over 1,800 repairs for older adults, generating a local economic impact of approximately $400 million. He details Memphis Habitat's model of providing zero-interest mortgages to qualifying, low-income families after a 13-15 week financial literacy program. He highlights the community benefits of Memphis Habitat's work, including transforming vacant properties and creating stable, affordable housing. He also describes the organization's ReStore, which sells donated goods to support Memphis Habitat's mission. The interview concludes with Dwayne discussing their Framing the Future Campaign, Memphis Habitat's strategic plan to increase home builds and repairs over the next five years, and their CEO Build initiative, which invites local business leaders to participate in builds and raise funds for Habitat for Humanity of Greater Memphis. Summary Habitat for Humanity of Greater Memphis' Community Impact Habitat for Humanity of Greater Memphis, founded in 1983, has built nearly 650 homes and completed over 1,800 repairs for older adults since 2014, generating a local economic impact of over $400 million. The organization provides qualifying families with zero-interest mortgages and offers financial literacy training and credit repair services over 13-15 weeks. Dwayne explains that their builds involve partnerships with families, corporations, and faith-based organizations, where volunteers help with non-code inspected tasks like installing doors, windows, and flooring, contributing to community building and safety by transforming vacant and abandoned properties into affordable homes. Habitat's Rising Costs and Solutions Dwayne explains that Habitat for Humanity's house-building costs have risen to around $200,000, though they often sell homes for less due to low appraisals based on comps of nearby blighted and neglected homes. He notes that they have found relief through GAAP funding from THDA to address these valuation challenges. Jeremy observes that while the initial investments might seem risky due to low appraisals, the long-term community transformation benefits both the individual families and the broader neighborhood as more new homes are built or improved and comps then rise. Aging in Place Initiative Dwayne discusses the Aging in Place program, which began as a response to the 2008 recession when they shifted from building new homes to repairing existing ones. Dwayne explains that they identified a need to help older adults maintain their homes, leading to a $3.9 million grant from the Plough Foundation to repair approximately 240 homes annually, focusing on accessibility and mobility issues. The program provides essential repairs like installing grab bars and replacing roofs, which are crucial for older adults living on limited incomes. Memphis Habitat's Strategic Home Building Goals Dwayne discusses Habitat for Humanity's ReStore, which sells gently used and new items to support affordable homeownership and repairs for older adults. He outlines their Framing the Future Campaign, a strategic plan to increase the number of new homes built to 30 per year and repairs to 250 annually, requiring a $62 million fundraising campaign. Dwayne mentions they have raised $56-57 million so far and introduced CEO Build, a program featured recently at a cityCURRENT signature speaker series event. CEO Build Initiative for Habitat Dwayne discusses the CEO Build initiative, inviting top executives from local businesses to participate in Habitat for Humanity builds in October. He explains that the program raises money while allowing CEOs to demonstrate community involvement and support economic development in Memphis. Dwayne also highlights other ways the community can get involved, including donations, volunteering at the Restore, and participating in builds from March to June and after Labor Day. He emphasizes that Habitat for Humanity of Greater Memphis provides zero-interest mortgages to low- to moderate-income families, and encourages individuals to visit Memphishabitat.com for more information on how to support the organization. Visit https://www.memphishabitat.com to learn more about Habitat for Humanity of Greater Memphis.