Twenty families moved into a brand new, affordable housing development that they all helped build in Redwood City.
"Regional homeownership is out of reach for most people. In the Bay Area, you have to make well over $350,000 a year to own a home. So, what happens to our teachers, our daycare workers, our construction workers, our clergy, our first responders? They have to move far away," said Maureen Sedonaen, CEO of Habitat Greater San Francisco.
The families who moved into the 20 units at the development didn't have to make a down payment. They have a 0% mortgage interest rate and their total housing costs are capped at 30% of their overall household income."We all worked on this place. We all did 500 hours," said Jose Rodriguez, a new homeowner."I'm super appreciative of the opportunity that Habitat has given us to be able to have home ownership.
"Owning a house in the Bay Area and the Peninsula, it's hard if you don't make a lot of money," she said."I'm grateful for Habitat and, I don't know, the universe, for allowing me to have this opportunity and share it with my daughter.""These are homes they will own. It will create permanent stability for them, for their children and for their families," she said."Housing is the number one need in our community, so we take it really seriously.
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