WHAT: San Diego Habitat for Humanity is pleased to be raising the first wall at its newest affordable housing community on El Norte Parkway in Escondido.
The houses will be sold to local families earning between 50% and 80% of the Area Median Income, or about $92,400 for a family of four. These future homeowners commit to help build their own homes, and the homes of their neighbors, as part of their partnership with Habitat for Humanity. Their mortgages will be no more than 30% of their gross monthly household income.
Habitat for Humanity received over 270 applications to purchase the ten homes for sale in this community.
The 1,300 square foot, 3-bedroom/2.5-bathroom duplex-style homes will feature attached 2-car garages, private yards, drought-tolerant landscaping, and energy efficient appliances and plumbing fixtures.
These new homes are possible due to a $1M allocation from HOME program funds from City of Escondido, $1M in CalHome funding from the State of California, and the support of many donors and investors, many of whom will be in attendance to help raise the ceremonial first wall of the community:
Lori Holt Pfeiler and Tim Pfeiler
Andrew and Kara Ballester, The BQuest Foundation
Mission Driven Finance
The Jewish Community Foundation
San Diego Foundation
Pacific Western Bank
Bank of America
Investors of San Diego Habitat for Humanity‘s Homebuilding Investment Fund
This is Habitat’s seventh for-sale affordable housing community in the City of Escondido. Completion is expected by November 2023.
WHEN: Saturday, December 3, 2022
9:00am to 10:30am – program @ 9:30am
WHERE: 245 E. El Norte Parkway | Escondido, CA 92026
WHY: People in our community and all over the world partner with Habitat to build or improve a place they can call home. Habitat homeowners help build their homes alongside volunteers and pay an affordable mortgage. With our help, Habitat homeowners achieve the strength, stability, and independence they need to build a better life for themselves and their families.
Kwofi Reed, President and CEO | San Diego Habitat for Humanity
Mayor-Elect Dane White | City of Escondido
Councilmember Consuelo Martinez | City of Escondido, District 1
Tim Pfeiler + Lori Holt Pfeiler | former Mayor of the City of Escondido and current CEO of the Building Industry Association of San Diego (Lori Holt Pfeiler)
Chafic Rouhana | Wells Fargo
Pamela Gabriel | Bank of America
Andrew + Kara Ballester | The BQuest Foundation
Suzanne Schlundt | Cox
Leticia Ortiz | San Diego Habitat for Humanity Board of Directors and Habitat Homeowner