The first 50 homes in the trust include the homes at Habitat’s new Johnson Village subdivision, and homes the nonprofit acquired with Vancouver Housing Authority
Evergreen Habitat for Humanity is launching a new Habitat Home Trust focused on preserving affordable housing stock in Clark County through permanent affordability. The first 50 homes in the trust include the homes at Habitat’s new Johnson Village subdivision, and homes the nonprofit acquired thanks to a partnership with Vancouver Housing Authority.
Habitat recently completed infrastructure at its new nine-home, Johnson Village subdivision in east Vancouver. All of the homes built there will be part of the new Habitat Home Trust, and all will remain permanently affordable.
“This ensures that Clark County will always have affordable housing units, as these homes will only ever be resold to low-income families and will not be subject to rapidly inflating housing costs,” says CEO Josh Townsley. “Just as all other Habitat homeowners, the buyers of these homes will own their home through an affordable mortgage and have the opportunity to build equity over time. The difference between these homes and traditional Habitat homes is the land will stay under the ownership of the Habitat Home Trust.”
The first 50 homes of the Habitat Home Trust include the nine homes at Johnson Village and more than 40 homes Habitat is acquiring from Vancouver Housing Authority.
Habitat partnered with Vancouver Housing Authority (VHA) to purchase 42 homes scattered throughout Vancouver. These homes, previously in VHA’s rental portfolio, will be part of the Habitat Home Trust and remain permanently affordable. Current tenants of these homes will have the opportunity to apply for Habitat’s Homeownership program or opt back into VHA sponsored housing.
Habitat will begin accepting applications for the new Habitat Home Trust later in 2022. The 42 homes will be renovated and then sold to new Habitat homeowners in 2023 and 2024. To learn more about the application process and fill out an interest form, see Habitat’s website at www.ehfh.org/Habitat-Home-Trust.
Since 1991, Evergreen Habitat for Humanity has worked to improve living conditions for low-income Clark County residents. People in our community, and all over the world, partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners achieve the strength, stability, and independence they need to build a better life for themselves and their families.