Habitat For Humanity Of Metro Louisville Inc

Mortgage discounts: mortgages are discounted using an imputed interest rate that approximates the rate that an independent borrower and lender would have negotiated in a similar transaction. New mortgages equaling approximately 4.1 million were written and entered into in 2024 and were discounted to represent the present value of these zero interest loans. Imputed interest of 8.02% is used for mortgages in 2024.

Restore program: the purpose is to generate a sustainable source of income for hfhml by diverting usable building materials, furniture and appliances from landfills and selling those donated items to the public. In 2024, we estimate that over 2.1 million pounds of materials were diverted from landfills.

Home preservation program: our home preservation program is an outreach initiative that seeks to provide a wide range of opportunities for low to moderate income homeowners, including veterans and seniors, who are struggling to maintain their homes because of age, disability or family circumstances. We partner with families to help them reclaim their homes with pride and dignity. The program allows families to stay in their home and avoid the uncertainty, trauma and expense of moving. Projects consist of interior and/or exterior repairs intended to alleviate critical health, life and safety issues or code violations. Volunteer teams work along with subcontractors under the direction hfhml staff members to complete the repairs. In 2024, 139 homeowners were served in our home preservation program. Includes all other program expenses.