The SECU Foundation and Habitat for Humanity® of North Carolina (HHNC) have signed a formal Memorandum of Agreement for a joint initiative to expand affordable housing across North Carolina–the SECU Habitat Mountains to the Sea Challenge. SECU Foundation’s Challenge will provide an investment of up to $10 million over a three-year period for HHNC to build one new (or thoroughly renovated) home in each of NC’s100 counties.
SECU Challenge Affiliate Update as of 3-2-18
Ninety percent of all projects have started. By the end of first quarter 2018, all projects will have been started or completed.
With the most recent house, the 39th of 104, closed in New Hanover County, the SECU Foundation has now contributed $3.5MM to Habitat affiliates across the state.
Reference the chart below for the status of the projects that have closed along with the mortgage amounts financed by SECU.
Phase 1: Scotland, Yancey, Avery, Edgecombe, Chowan, Anson, Richmond, Ashe, Northampton, Duplin, Warren, Lenoir, Watauga, Montgomery, Robeson, McDowell, Mitchell, Bertie and Bladen, Rutherford, Vance, Martin and Washington counties have completed their houses, closed a mortgage with a homebuyer, and assigned those mortgages to the SECU Foundation for payment.
Phase 2: Pitt, Perquimans, Chatham, Carteret, Union, Yadkin, Randolph, Henderson, Davidson (Lexington), Randolph, Wayne, Rockingham (Reidsville), Transylvania and Buncombe have closed and been assigned to SECU. The following counties (Phase 1 and Phase 2) are within weeks of closing: New Hanover, Currituck, Surry and Wilson.
If you have any questions, please contact the Program Director Susan McLawhorn:
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