Thrivent is awarding Habitat for Humanity for San Luis Obispo County a contribution of $5,000 to help families in San Luis Obispo County stay in their homes. Thrivent’s donation will allow Habitat to provide mortgage relief to Habitat homeowners who need temporary assistance making their mortgage payments during the COVID-19 pandemic. With Thrivent’s support, Habitat for Humanity for San Luis Obispo County will help sustain affordable homeownership costs for several families in San Luis Obispo County.
Prior to the spread of the novel coronavirus, more than 18 million households across the U.S. were paying half or more of their income on a place to live. As the pandemic continues to cause job disruption and economic fallout, many households are enduring lay-offs, unemployment, and pay cuts. This wage loss has amplified the financial burden on households to maintain essential payments and can result in families having to trade-off between bills, mortgage, or medical care.
“This is just another example of Thrivent’s extraordinary commitment to service. We are grateful for their continued partnership in providing vital relief for local individuals and families in need.” said Nicholas Rasmussen, CEO – Habitat for Humanity for San Luis Obispo County.
Habitat for Humanity for San Luis Obispo County is one of 100 local Habitat organizations across the nation partnering with Thrivent to help families stay in their homes during the COVID-19 pandemic. In total, Thrivent is donating $750,000 to Habitat for Humanity to assist with mortgage-related relief and prevent foreclosures across the U.S.
“This year has been incredibly difficult for many people as financial hardship has added stress and anxiety to daily lives,” said Nikki Sorum, senior vice president of Thrivent Advisors at Thrivent. “This pandemic has underscored how important it is for people to have safe, affordable homes. Given all we have endured in 2020, we are especially honored to provide financial support to Habitat for Humanity to help people stay in their homes so they can continue to build toward financial stability.”
Habitat for Humanity for San Luis Obispo County has partnered with Thrivent since 2014 as part of Thrivent Builds Repairs, which focused on critical exterior home repairs for local families. In addition, Thrivent has provided generous funding for local new home construction projects.
Habitat for Humanity and Thrivent began their partnership in 2005. Over the past 15 years, Thrivent and their clients have contributed more than $275 million to Habitat and have partnered with families to build safe, affordable homes across the U.S. and around the world.