CHARLOTTE, N.C. – Through an arrangement with Grubb Properties, Habitat for Humanity of Charlotte saved over $100,000 on the purchase of four vacant homes.
Carolinas Home Opportunity Fund, a Grubb subsidiary, which acquired the home in a bulk purchase, facilitated their sale to the charity for $55,000 each.
That saved Habitat about $35,000 off the $90,000 cost of building a new home, and supplied much-needed four-bedroom units.
Grubb employees also chipped in to also build sheds for each of the homes, two of which already are occupied by families.
“I think that closing on four new homes located together at the same closing was certainly historic for the Habitat Charlotte affiliate if not for all Habitat affiliates,” Merritt Card, land acquisitions manager for the charity, says in a statement.