Habitat for Humanity Homebuilding Investment Fund
TYPE HOUSING
FUNDING LOAN
LOCATION SAN DIEGO COUNTY, CA
YEAR 2019
PROGRAM HOMEBUILDING INVESTMENT FUND
The Project
BQuest invested in Mission Driven Finance's Homebuilding Investment Fund with San Diego Habitat for Humanity to build and sell more affordable homes faster, while still empowering low-income families to build equity as they purchase the homes with generous 30-year mortgages. With $2M in investments, the Fund is expecting to build 37 homes over a five-year period. The selected locations have access to jobs, schools, and public transportation.
San Diego Habitat for Humanity was founded on the conviction that every man, woman, and child should have a simple, decent, and affordable home to live in dignity and safety. Habitat partners with families to help build or improve a place they can call home and to find the stability and security they need for a better future.
What They Are Saying
“Homeownership allows families to save more, invest in education, live in a healthier environment, and have more financial stability. Those effects ripple out into the community.”
Lori Holt Pfeiler, Former CEO, San Diego Habitat for Humanity
The Impact
37
HOMES CONSTRUCTED
$2 MILLION
FUNDING RAISED