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Habitat for Humanity expands beyond homebuilding to tackle affordability through global microloans and U.S. housing supply efforts.
Habitat for Humanity, under CEO Jonathan Reckford, has expanded its mission beyond home construction to address long-term housing affordability, spurred by the 2008 crisis and natural disasters.
A $230 million microfinance initiative has loaned funds to 56 banks across 36 countries, helping a million people improve homes with strong repayment rates, triggering $1.1 billion in private reinvestment.
In the U.S., the loss of small builders and years of underbuilding have worsened shortages, prompting calls for an “all of the above” strategy combining nonprofit work and market-based solutions to rebuild supply and improve access.
Hábitat para la Humanidad se expande más allá de la construcción de viviendas para abordar la asequibilidad a través de micropréstamos globales y esfuerzos de suministro de vivienda en los Estados Unidos.