Upper Cape Living: The Importance of Giving Back
By: Lynette Helms, August 1, 2014
As Real Estate Associates, we've been a part of the Upper Cape since 1973, and decades longer in the form of our legacy companies. A funny thing happens along the way to 50 years in business - you start to care. We've always been about more than commissions - you know some of our agents as the heads of your local historic commissions, planning committee members, curling clubs, soccer coaches and many more. What you may not know is that we've been "socially conscious" since before it was cool. We generally keep our involvement with many local non-profits low-key, but wanted to shine a light on a charity that holds a special place in our heart - one which we are coming up on a significant milestone with. Our firm has been involved with Habitat for Humanity of Cape Cod since 2006, and we donate a portion of the profit from each sale to Habitat, and our CEO has been a board member for six years. Though it might seem small at the time, each donation adds up and we couldn't be prouder of the next donation we're going to make.
We are about to donate our 100,000th dollar to Habitat for Humanity of Cape Cod.
Though many are familiar with Habitat’s homebuilding efforts, having participated in or donated to an effort, many aren’t familiar with the actual workings of Habitat that make it much more than a simple charity. Before providing four walls and a roof, Habitat has to acquire the land and go through the permitting process. Funding has to be secured through donations and grants. Habitat also approves financing and requires financial literacy of its future homeowners whose incomes are 65% or less of median income for Barnstable County. Like any other homebuyer, Habitat families have to apply for and be approved for a mortgage. Unlike other homebuyers, Habitat families have to help build their home with 250 hours of sweat equity for every adult in the family. They are teamed with family partners to learn about budgeting and home maintenance. These homes have a deed rider that make them affordable in perpetuity.
Habitat is closing in on its own milestone as well – its 100th house on the Cape and Islands, and this should happen sometime in the next year. Houses are planned for Barnstable, Orleans, Harwich, Chatham, Yarmouth, Truro, Wellfleet, Mashpee, Falmouth, Sandwich, and Brewster. As real estate agents, we see the struggle of young and working families to finance and own a home every day. It is no exaggeration to say that one of our proudest moments will be when that $100,000th dollar is donated – our contribution to Habitat’s mission of “Building Homes, Changing Lives and Preserving Community”.
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Real Estate Associates was established over 40 years ago and specializes in Upper Cape Cod real estate. Our Tradition of Excellence, rooted in local expertise and combined with global reach, has helped us maintain our status as the #1 market leader in Upper Cape Cod Real Estate. Whether you're looking to buy a home, sell a home or rent, visit our website at www.capecodhouses.com, stop by any of our five area offices or give us a call at 1-855-680-0880. We'd be delighted to serve you! Click here to see past Upper Cape Living Columns