Habitat for Humanity of Spartanburg and Bank of America partner in Spartanburg for Global Build initiative

Habitat Spartanburg homeowner is pictured with Bank of America volunteers during a home build event. (courtesy Habitat Humanity of Spartanburg).

Spartanburg, SC – Habitat for Humanity of Spartanburg and Bank of America came together to address the need for safe, sustainable, and affordable housing in the Spartanburg community, as part of Bank of America’s Global Build, to support affordable housing and revitalization projects in communities around the world.

Habitat Spartanburg received a $22,750 grant from Bank of America to help with the construction of a home build and to support Habitat’s efforts to create a world where everyone has a decent place to live. Due to the increasing cost of construction and the economic impact, it costs an average of $120,000 to build a new home.

“Habitat for Humanity of Spartanburg remains a longstanding partner in improving access to affordable housing for those who need it in our community,” said Stacy Brandon, president, Bank of America Upstate South Carolina. “Our collaboration with Habitat Spartanburg brings together critical financial support along with numerous employee volunteer efforts to advance economic opportunity through homeownership.”

In 2023, Habitat Spartanburg raised more than $103,000 during the 24th Annual Billy Painter Golf Tournament, a fundraising event to honor the memory of a long-time board member. The annual tournament is Habitat Spartanburg’s only fundraising event.

“The Habitat Homeownership Program is designed to create opportunities for low-income families, whose hard work and determination alone, have not qualified them for the traditional bank loan,” said Raymond T. Davis, Sr., Executive Director, of Habitat for Humanity of Spartanburg. “The new Program Service at Habitat-Spartanburg provides greater assistance to applicants who have negative debts. “This year alone, Habitat-Spartanburg helped reduce negative debts in the amount of $75,000 through write-offs to allow for more families to be served.”

The support of Bank of America through this grant opportunity provides additional resources to assist our partnering families with a “hand up” and not a “hand out.”

The home will be located in the northern neighborhood of Spartanburg and is expected to be completed in April 2024.

SCBIZtv is part of the SC Biz News family, serving 100,000 high-level business execs throughout South Carolina. Click for more from SCBIZtv.