Guest Commentary: A path to homeownership starts with opportunity

Habitat CEO on homeownership path

The new CEO of Habitat for Humanity of Lee and Hendry Counties, Everett McElveen, says affordable homeownership is increasingly out of reach for many local families.

Key points Habitat CEO on homeownership path
  1. The new CEO of Habitat for Humanity of Lee and Hendry Counties, Everett McElveen, says affordable homeownership is increasingly out of reach for many local families.
  2. He points to a Florida median single-family home price of $415,000 in August and a recommended 20% downpayment of $83,000 as barriers.
  3. Habitat's response includes HUD-certified counseling, mortgage payments capped at 30% of household income, and modestly sized homes.
  4. The group has built 1,950 homes in Lee and Hendry counties and will celebrate 33 local families who paid off their mortgages in the past year.
Read the full story Habitat CEO on homeownership path
Reported by

Island Reporter

captivasanibel.com

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Lee County, FL

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