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Habitat for Humanity International announces support for Homeowner Affordability and Stability Plan

WASHINGTON (Feb. 20, 2009) – In a statement released yesterday, Habitat for Humanity International announced its support for the Homeowner Affordability and Stability Plan recently outlined by President Obama to help address the mortgage crisis.

Some provisions of the plan, such as requiring training in financial literacy and homeownership counseling, have been used by Habitat for Humanity and its partner families for decades to help ensure homeowner success.

“Habitat’s own policies and guidelines have, for more than 30 years, helped Habitat families become successful homeowners—even in this economy,” said Liz Blake, senior vice president of advocacy, government affairs and general counsel for Habitat for Humanity International.

Although few Habitat homeowners would benefit directly from the plan, it should stabilize communities and neighborhoods by helping many American homeowners avoid losing their homes through foreclosure.

Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 300,000 houses worldwide, providing simple, decent and affordable shelter for more than 1.5 million people. For more information, visit www.habitat.org.