Landfall Foundation awards grant to WARM NC for workforce housing
- Communications
- Nov 11, 2024
- 2 min read
FOR IMMEDIATE RELEASE
November 8, 2024
Media Contact:
Suzanne Jalot
910.399.7563 x115
Landfall Foundation awards grant to WARM NC for workforce housing
WILMINGTON, NC – The Landfall Foundation Board of Directors has approved a grant in the amount of $5,000 for WARM NC’s “Rebuilding Workforce Housing” project. This grant will fund project activities within New Hanover, Pender, and Brunswick counties.
Preserving existing affordable workforce housing is a national best-practice in housing strategy. Rehabilitation and renovation through free repairs for deteriorating, privately-owned, low-income households prevents displacement or homelessness. WARM NC addresses our regional strategic goal of Improving Workforce Housing Stock by providing emergency repair of single-family units for income eligible clients.
Types of emergency repairs and accessibility modifications that will be supported by the proposed program include flooring repairs, plumbing improvements, installation of essential appliances, stairs and landing construction, roof repair/replacement, and heating and air conditioning repairs. Wheelchair ramp construction, grab bar installation, ADA toilets and tub-to-shower upgrades will be provided as needed to make the home safe and accessible for current and future residents of varying abilities.
A revenue source that is easy to overlook is the investment owners have made in their property. Owners who live in their property made downpayments and mortgage payments over many years, bringing tens of thousands of dollars in equity to the table and providing a steady source of revenue for New Hanover, Brunswick, and Pender Counties. Repairs and accessibility modifications preserve a key financial asset; sustainable homeownership is the primary way low-wealth households build generational wealth. A study in St. Louis found 72% post-repair households reported that their home was now “a lot” or “somewhat” more valuable as a financial asset to them and their family.
Homes rebuilt by WARM NC prevent displacement of current household residents and retain workforce housing for future generations.
About WARM NC
WARM NC’s mission is to repair, rebuild, and make homes accessible; and to inspire service, generosity, and hope. Urgent repairs address threats to safety, health, and accessibility. By rebuilding homes in disrepair or damaged by severe weather, WARM is preserving affordable housing for the community and supporting our homeowners’ goals to remain self-sufficient and live with dignity and independence. Repairs are provided at no cost to homeowners who qualify.
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