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Penn Community Bank helps Habitat Bucks dedicate home

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Penn Community Bank team members joined Habitat for Humanity of Bucks County, neighbors, donors and distinguished guests on Sept. 12 to celebrate the dedication of a new home in Morrisville Borough.

Located at 209 Woodland Ave., the single-family home was built by volunteers for husband and wife Hector and Silvia, and their children. Hector, an Army and National Guard veteran who works for a small company in Lower Bucks County, heard about the Habitat home opportunity from a colleague at work. He registered for Habitat’s Almost Home homebuyer readiness program and was matched with Bob Coffin, executive vice president and chief credit officer at Penn Community Bank, who served as a financial coach focused on increasing Hector’s savings and preparing the family for homeownership.

The property is the 118th home built by Habitat for Humanity of Bucks County and one of four new homes on adjacent lots in the Woodland Park development. In addition to providing coaching and donating dozens of man-hours to the project, Penn Community Bank committed $100,000 over three years to finance construction of one of the homes.

Founded in 1990, Habitat Bucks has built or renovated more than 100 affordable homes across Bucks County, which consistently ranks as one of the most expensive counties to live in in Pennsylvania.

Habitat Bucks’ Homeownership Program provides the opportunity for low-income families to build strength, stability and self-reliance as they work toward owning their own home. To qualify, families must invest at least 200 “sweat equity” hours in the building project, have a stable income and credit history, and be able to afford the projected monthly mortgage payments while earning an average of 60% to 80% of Bucks County’s median family income, which Habitat pegs at $90,100 for 2019.

Individual volunteers along with those from local businesses, organizations, faith groups, and schools contributed more than 800 hours working along with Habitat Bucks and the family to build the home.

To learn more about opportunities to get involved, visit habitatbucks.org.


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