Habitat for Humanity and MasterCard create housing to support SmB owners

housing

Habitat for Humanity and MasterCard are launching an innovative pilot program that connects affordable housing and small business development.

The work/live model breaks new ground in Habitat for Humanity’s Neighborhood Revitalization Initiative by pairing its homeownership program with small business development.  In partnership with low-income families who manage home-based businesses, Habitat can build homes with functional living and business spaces, offering increased employment and income opportunities for potential homeowners.

Based on the success of an initial effort by Genesee County Habitat for Humanity, the pilot program offers Habitat affiliates that participate in the Neighborhood Revitalization Initiative an opportunity to apply for five grants that will help fund research, training and work/live builds in their own communities.

“Habitat has been committed to addressing affordable housing issues and to partnering with other organizations to find solutions for related community challenges in cities throughout the nation,” said Jonathan Reckford, CEO of Habitat for Humanity International. “We are grateful to partner with MasterCard on this new initiative.”

The MasterCard Center for Inclusive Growth is providing a $400,000 grant to fund the construction of Habitat homes for home-based businesses and increase the organization’s capacity to replicate the model.

“Small businesses are a key driver of economic growth and revitalization in communities,” said Eugene DeSilva, senior vice president, global small and medium enterprises, MasterCard. “Together, Habitat and MasterCard seek to expand the program and help Habitat affiliates support their communities in even more meaningful ways.”

Habitat for Humanity’s Neighborhood Revitalization Initiative was launched in 2010 to help its U.S. affiliates as they work to transform neighborhoods using a holistic approach. Through the initiative, Habitat affiliates offer an extended array of housing services and partner with local residents, housing leaders, community groups and businesses to transform neighborhoods and enhance the quality of life in communities.

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