Builders of Hope has developed a solution that simultaneously addresses the affordable housing crisis and the tear-down epidemic in America. With a growing trend toward urban living, creating affordable neighborhoods in depressed urban communities has endless potential.
Builders of Hope rescues, moves and rehabilitates houses slated for demolition, creating Ecological Communities wholly comprised of recycled homes. The Extreme Green Rehabilitation process saves whole house demolition debris from reaching the landfill, prevents the creation of tons of greenhouse gas emissions, builds safe communities in previously blighted urban areas and offers sustainable, affordable home ownership to those making at or below 80% of the average median income.
Market forces, logistical realities and social complexities were analyzed to develop a model based on the interconnectivity between communities and their resources, using the triple bottom line paradigm of environmental stewardship, economic benefit and social justice.
These green, healthy EcoLogical Communities provide a population that often falls through the cracks – low to middle income workers, with affordable housing options. The result is an efficient, scalable model that creates an upward spiral of resource expansion in each community that Builders of Hope enters.
State Street Village, one example of an Ecological Community, is a Raleigh neighborhood with the highest density of LEED for Home Rehab in the country. Replicating this practical and efficient model in cities across America is essential to solving the affordable housing crisis, slowing the tear-down trend and lowering carbon emissions.
The program is also attractive for home donors and developers. Instead of paying a demolition crew as much as $25,000 to tear down a house, donors can contribute $5,000 to cover house-moving costs and qualify for a federal tax credit.
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