Habitat For Humanity, Bank of America To Dedicate Newly Constructed Home June 27
By Space Coast Daily // June 21, 2015
property donated by Bank of America
BREVARD COUNTY • MELBOURNE, FLORIDA – Brevard County Habitat for Humanity, Bank of America and a crew of volunteers will dedicate the Robin Pennington family’s newly-constructed Habitat home on Saturday, June 27.
The property was donated by Bank of America and was later re-built in partnership with the Habitat family partner and local volunteers with additional funding from Mortgage Settlement Funds.
It has been just over a year since Pennington entered Habitat for Humanity’s program and when Robin, a single mom to three young boys, receives the keys to her new home, she couldn’t be happier.
“I want to thank Habitat for Humanity for all the hard work and dedication they put into building this home for me and my boys,” said Pennington.
“This will set them up to go to the same school and grow up in a safe home. It will show them how much everyone cares for them.”
Among those who will welcome the Penningtons to their new home will be Diane Koenig, Executive Director, Brevard County Habitat for Humanity; Barbara Halgren of Bank of America; and Melbourne Mayor Kathy Meehan.
Bank of America donates vacant or abandoned properties that will be used to create affordable housing for low-income families across the country. The agreement represents the largest one-time commitment of property donations ever received by Habitat.
Habitat houses are sold to partner families at no profit and financed with affordable loans. Habitat affiliate’s family selection committee chooses homeowners based on their level of need, their willingness to become partners in the program and invest “sweat equity” hours into the building of their home, and their ability to repay the loan.
Partner families’ monthly mortgage payments are used to build additional Habitat houses.