Habitat Metro Denver Receives Transformational $13.5 Million Donation
March 22, 2022
We are so honored to receive a transformational donation of $13.5 million from philanthropist and author MacKenzie Scott. This is part of a larger gift of $436 million to Habitat for Humanity affiliates throughout the country.
“This is the largest single donation in our history and will have a momentum-building impact on our work,” said Heather Lafferty, CEO of Habitat Metro Denver. “It is a vote of confidence in the collective work of many people – homeowners, staff, board, donors, volunteers and community partners. This gift will allow us to dream even bigger about accelerating our production, serve as a catalyst for equity and systems change, and ultimately, create more homeownership opportunities in our community.”
This contribution comes at a critical time as Colorado residents continue to feel the effects of an affordable housing crisis. Nearly half of Colorado renters are cost-burdened — spending 30% or more of their income on housing costs. And in metro Denver, the median sales price for a single-family home was $615,000 in Feb 2022, a 20% increase over the prior year. In comparison, Habitat Metro Denver’s average first mortgage was $238,000 this past year.
“Even as we celebrate this gift, we are doubling down on our commitment to meet this moment and support those struggling to find an affordable home,” shared Heather Lafferty. “Our sincere thanks to Ms. Scott, and all the partners who have helped shape Habitat Metro Denver into the organization it is today. This gift is both a reason to celebrate and to energetically propel our efforts forward to help more families gain stability and economic mobility through homeownership. Too many people have been left out of the wealth-building opportunity that homeownership provides. We aim to change that.”