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Habitat’s Impact on the Economy
With nearly 150 homes built and 100 more in the pipeline over the next five years, Habitat Greater San Francisco contributes to the bottom line of local communities in a number of key ways. Habitat Greater San Francisco homes have a total assessed value of more than $28 million, representing Habitat’s investment in the community. In 2008, Habitat Greater San Francisco homeowners paid more than $200,000 in property taxes and are expected to contribute another $1.5 million to the local tax base by the year 2014, providing support for community needs such as schools, roads, bridges, police, and fire departments. By building 20 homes per year, Habitat also infuses $3 million in direct construction spending in the local economy, including payments for parts and materials, services, payroll, plant and equipment and other purchases.* Indirect spending by Habitat or Habitat homeowners on additional products and services in the community (e.g. repair services, utilities, entertainment, furniture, etc.) can triple the number to $9 million in total.+ Habitat Greater San Francisco continues to broaden its base to reach new communities in Marin, San Francisco and the Peninsula. These communities can be assured that they will see a significant return on their investment, not only by meeting the affordable housing needs of their constituents, but also through the economic stimulus resulting from Habitat Greater San Francisco’s contribution to the local economy. * Avg. cost/home of $150,000. Read on about the 4E's:
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