Exciting Partnership to Bring 59 Affordable, For-Sale Homes to Littleton
June 14, 2021
South Metro Housing Options (SMHO) and Habitat for Humanity of Metro Denver (Habitat) have embarked on a strategic partnership in support of our shared missions and visions. Together, we plan to renovate 59 existing houses and convert them into affordable homes that will be sold to buyers making up to 80% of the area median income.
SMHO and Habitat see this partnership as a unique opportunity to add permanent, affordable for-sale homes to Littleton's housing stock. In a sought-after community like Littleton, it has historically been a challenge for nonprofits to expand affordable housing options because they are priced out due to the high demand for land and homes in the area.
The 59 homes are currently owned and managed by SMHO. Through this partnership, Habitat will serve as the contractor to perform repairs and renovations to the homes. Habitat will also find qualified home buyers to purchase the homes. These housing units will be renovated over the next two years, and Habitat anticipates that the first few homes might become available to purchase in the summer/fall 2021 time frame.
People interested in purchasing one of these homes should learn about Habitat's qualification requirements on their website. Proceeds from the sale of the homes will be reinvested into SMHO's work to create even more affordable housing options in Littleton.
Habitat for Humanity of Metro Denver is a great partner choice for us, and we couldn't be happier to be working with them," said Corey Reitz, executive director of SMHO. "Our organizations have aligned goals and strategic ways we can benefit each other, which will ultimately result in more benefits for the community. This is a win-win-win opportunity for all of Littleton," he shared.
The partnership also gives Habitat an opportunity to create affordable homeownership opportunities in a new part of the metro Denver area.
"In our 41 years of existence, we had never built or renovated a single home in Littleton," shares Kate Hilberg, director of real estate for Habitat. "Many Littleton residents are long-time Habitat supporters who like to volunteer with us. I think they'll be excited to see us making a difference right here in their community," she concluded.