Thrivent and Habitat for Humanity of Tulare/Kings Counties partner to help families stay in their homes during the COVID-19 pandemic
Visalia, CA (Dec. 14, 2020) – Thrivent is awarding Habitat for Humanity of Tulare/Kings Counties a contribution of $5,000 to help families in Tulare and Kings counties stay in their homes. Thrivent’s donation will allow Habitat to provide mortgage relief to Habitat homeowners who need temporary assistance making their mortgage payments during the COVID-19 pandemic. With Thrivent’s support, Habitat for Humanity of Tulare/Kings Counties will help keep homeownership costs affordable for 4-6 families in Tulare/Kings Counties who are experiencing financial hardship due to COVID.
Prior to the spread of the novel coronavirus, more than 18 million households across the U.S. were paying half or more of their income on a place to live. As the pandemic continues to cause job disruption and economic fallout, many households are enduring lay-offs, unemployment, and pay cuts. This wage loss has amplified the financial burden on households to maintain essential payments and can result in families having to trade-off between bills, mortgage, or medical care.
“As we deal with the fall-out from COVID, it is crucial to continue to work to provide stable and affordable homes for our neighbors.” said Executive Director Dirk Holkeboer. “Our community will recover when everyone has the solid foundation of a secure place to call “home”.
Habitat for Humanity of Tulare/Kings Counties is one of 100 local Habitat organizations across the nation partnering with Thrivent to help families stay in their homes during the COVID-19 pandemic. In total, Thrivent is donating $750,000 to Habitat for Humanity to assist with mortgage-related relief and prevent foreclosures across the U.S.
“This year has been incredibly difficult for many people as financial hardship has added stress and anxiety to daily lives,” said Nikki Sorum, senior vice president of Thrivent Advisors at Thrivent. “This pandemic has underscored how important it is for people to have safe, affordable homes. Given all we have endured in 2020, we are especially honored to provide financial support to Habitat for Humanity to help people stay in their homes so they can continue to build toward financial stability.”
Habitat for Humanity and Thrivent began their partnership in 2005. Over the past 15 years, Thrivent and their clients have contributed more than $275 million to Habitat and have partnered with families to build safe, affordable homes across the U.S. and around the world. Locally, Thrivent members participated in several home-building projects in Visalia.
About Habitat for Humanity of Tulare/Kings Counties
Habitat for Humanity of Tulare/Kings Counties has been working with local families since 1994. With more than 40% of the area’s population considered cost burdened when it comes to housing (i.e., spending more than 30% of household income on housing costs), the need for affordable housing is great. Because of the continued support of the businesses, congregations, the local community, service organizations and individuals, Habitat for Humanity has been able to make homeownership a reality for 68 families in Tulare and Kings counties while helping hundreds of other lower income homeowners with needed home repairs.
Thrivent is a diversified financial services organization that helps people achieve financial clarity, enabling lives full of meaning and gratitude. As a mission-driven, membership-owned organization, it offers its more than 2 million members and customers a broad range of financial products, services and guidance. Thrivent and its subsidiary and affiliate companies offer insurance, investments, banking and advice over the phone, online as well as through financial professionals and independent agents nationwide. Thrivent is a Fortune 500 company with $152 billion in assets under management/advisement (as of 12/31/19). Thrivent carries an A++ (Superior) rating from AM Best, a credit rating agency; this is the highest of the agency’s 16 ratings categories and was affirmed in May of 2019. For more information, visit Thrivent.com. You can also find us on Facebook and Twitter.
You can support Habitat Tulare/Kings. Find out how!