As part of a national $10.4 million campaign, Wisconsin-based financial services organization Thrivent Financial for Lutherans will give $28,248 to Habitat for Humanity of Springfield to help build a home in the Legacy Trails subdivision.
Kristy Nelson, development and marketing director for Habitat for Humanity of Springfield, said the funding will cover 55 percent of the cost of a home to be built in 2011 in the Legacy Trails subdivision at 3788 N. Legacy Circle, started by Habitat of Springfield in 2006.
"It really helps us to expand our services," Nelson said of partnering with Trivent Financial.
The remainder of the cost of the home will be covered by the local Thrivent Financial for Lutherans Greene County chapter, as well as by Habitat of Springfield itself, she said.
In 2011, Habitat of Springfield will start the second phase of the Legacy Trails subdivision, which is expected to have 55 homes by 2014. Currently, it has 24, Nelson said.
Legacy Trails allows for low-income families to purchase homes with no down payment and pay back Habitat through a no-interest loan, she said.
Habitat of Springfield also developed the 51-house
Model Community for Affordable Living subdivision, which was completed in 2006.
Nationally, Thrivent Financial - partnering with Habitat for Humanity International as Thrivent Builds with Habitat for Humanity - in 2011 will have provided more than $150 million in the partnership's six-year history, according to a news release.
Thrivent Financial has helped more than 2,500 families worldwide receive housing, according to the release.
Habitat for Humanity International, founded in 1976, is a Christian ministry that builds and rehabilitates homes across the globe.[[In-content Ad]]