U.S. Rep. Bill Flores joined representatives from the Waco Habitat for Humanity, the Federal Home Loan Bank of Dallas and Extraco Banks on Oct. 19 to put in sweat equity at a Habitat for Humanity home under construction in Waco and celebrate $137,000 in Affordable Housing Program grant funds from the banks.
The event kicked off with a tour of a three-bedroom home, which is under construction. Crystal Cruz, a mother of two boys, ages 9 and 1, is expected to purchase the home. After participating in the construction of Cruz’s home, Flores joined project representatives for a tour of a completed home and check presentation.
Brenda Shuttlesworth, executive director of Waco Habitat for Humanity, said that the event gave the organization an opportunity to thank Congressman Flores for his support of affordable housing.
“He’s been a champion of Habitat for many years, and his office is always very responsive when we ask to keep affordable housing at the forefront of the national advocacy agenda,” Shuttlesworth said.
Shuttlesworth said Waco Habitat’s goal is to make homeowners’ mortgage payments affordable and that the AHP helps keep the principal payment low for the homeowners. Waco Habitat, which offers mortgages with zero percent interest, builds six to eight Habitat homes a year and has helped lower payments on 23 homes with the help of AHP funding.
Extraco Banks Senior Vice President Sam Brown said the partnership is providing the region with new homeowners who will put down roots, pay taxes and contribute in many ways to the communities in which they live.
“The AHP fits with a vision in which everyone has a decent and affordable place to call home, and that’s a vision we support,” Brown said. “Making affordable housing accessible to our community is of great importance to us.”