Impact
Impact

Eradicating Generational Poverty

The impact of Homes Bring Hope on new homeowners – and on the surrounding area – cannot be overstated nor underestimated. The more community members who can connect with the opportunity to experience the joys and civic responsibility of homeownership, the better it will be for all stakeholders within the region, such as taxpayers, academic institutions, and businesses. The need is as real as the potential for positive impact.

 

According to the Florida Chamber of Commerce, Florida has more than 3 million people living in poverty (14.8%), exceeding the national poverty rate.  Of that total, 829,342 (20.1%) are under the age of 18. In the 32114-zip code area, the rate of childhood poverty is a staggering 52.9%.

As research clearly illustrates, the uplifting of people from precarious rental situations into building equity in their own homes will not only positively affect their own families in eliminating cyclical poverty, but it will also provide stability and productivity for their employers, while significantly reducing the fiscal effect on the local/municipal, tax-supported social services, such as on the Housing Authorities. Click here for impact scenarios. 

Since 2021, Homes Bring Hope has supported 16 Volusia County residents in becoming homeowners. By the end of 2023, Homes Bring Hope is poised to help an additional 8 individuals and/or families overcome social and economic barriers to move into homeownership. Our team leverages partnerships to achieve the ultimate goal of helping 100 individuals and families fulfill their dream of homeownership by 2030. Our team continues to aid in the process of purchasing a home, renovating an existing home or building a new home. Further pillars of service are provided through the Prosperity Program to assist clients in advancing with education and employment opportunities, community resources and connectivity.

 

 

The impact of assistance through Homes Bring Hope will have a ripple effect of constructive community changes: families will be more secure; students will be in stable housing and in a consistent school zone; employers will have less disruption due to poor performance by employees impacted by housing instability. As levels of poverty will be alleviated, the overall community will be elevated.

Poverty Rates
Owner-Occupied Housing Rates
Median Income Data
Education Data
 

 

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