Tulsa Habitat for Humanity, 2020 ONE Awards Finalist
Linh M. Sasser, Marketing Coordinator, Oklahoma Center for Nonprofits
The Oklahoma Center for Nonprofits (OKCNP) hosted the 2020 Oklahoma Nonprofit Excellence (ONE) Awards on Thursday, August 27, 2020 (rescheduled from Friday, April 24, 2020). The event took place virtually and can be viewed on the ONE Awards page. We are spotlighting the 21 finalists in seven categories.
Tulsa Habitat for Humanity has been serving Tulsa families since 1988 by building safe, quality, beautiful homes with affordable, low-interest mortgages for families who cannot afford a traditional mortgage. They are able to ensure housing expenses are not a burden on the family through home sponsorships, individual donations and volunteer work, which includes volunteer time from the homebuyer.
“With so many Oklahoma Nonprofits doing such meaningful work, it is an honor to know that our peers recognize the impact and value of the services we provide to low-income Oklahomans,” said Cameron Walker, chief executive officer, Tulsa Habitat for Humanity.
The Habitat for Humanity program not only provides affordable 30-year home loans at a fixed below market rate, they also provide homeownership and financial literacy educational programs. They ensure housing costs do not exceed 30 percent of the monthly household income.
In order to qualify for the program, participants must be first-time homebuyers, have twelve months of steady income, be a legal U.S. Citizen or permanent resident, be willing to complete educational equity hours, need adequate housing, be willing to partner with Tulsa Habitat for Humanity, be able to pay for the home and earn 30-80 percent of the area median income.
The financial literacy curriculum includes home education in two parts. The first includes: credit and budgeting, mortgage process, shopping for a home with a realtor, fair housing, homeowner insurance, closing day, title company and home owner counseling. Part two includes: appraisal, home inspections, walkthrough, home repair, lawn care and Tulsa County Assessor.
“I still use strategies I learned in Tulsa Habitat Homeowner Education – How to Handle Finances and Save Money,” said Tiona Bowman, 2014 Tulsa Habitat for Humanity homeowner.
Additional educational programs, include Money Management I and II, taught by MidFirst Bank staff, where participants complete modules such as Money Value, It’s Your Money, Building Your Spending Plan, It’s Your Credit, Mortgage Financing Process, Fraud/Identity Theft, Financing a Car, and How to Choose and Finance the Right Car.
In addition to homeowner and financial literacy, Tulsa Habitat education teaches how to be a good neighbor, maintain well being and other basic banking services to ensure the homeowner’s overall success.
“Thanks to Tulsa Habitat for Humanity, our children now live in a safe home with space to play and grow,” said Lun Lal, 2019 Tulsa Habitat for Humanity homeowner.
To learn more about Tulsa Habitat for Humanity, visit their website: https://www.tulsahabitat.com/
The Oklahoma Nonprofit Excellence (ONE) Awards is dedicated to honoring the outstanding work of Oklahoma nonprofits statewide. The ONE Awards also serves as the primary fundraising event for the Oklahoma Center for Nonprofits. Proceeds from the ONE Awards enable OKCNP to serve communities throughout Oklahoma.
To learn more about the 2020 ONE Awards or to watch the event, visit https://www.oklahomacenterfornonprofits.org/connect/one-awards/