Cold Lake’s Habitat for Humanity committee celebrates the beginning of a promising future for local families.
Cold Lake, AB — Habitat for Humanity supporters and volunteers celebrated the beginning of a new Habitat for Humanity project in Cold Lake. The local Habitat committee, Mayor Craig Copeland and many community leaders used ceremonial shovels to officially kick off the construction of the single family home.
“Habitat is all about serving families. Yes, we build houses, but our real focus is providing families with an opportunity to provide a bright future for their children,” said Alfred Nikolai, President & CEO, Habitat for Humanity Edmonton. “When families have an opportunity to save for the future, they are able to thrive and allocate finances towards their children’s sports and music activities and higher education. They are able to set a solid financial foundation for their children and generations to come.”
Habitat is not a stranger to the community of Cold Lake. There are currently 22 Habitat homes serving deserving families in the community. The City has been a huge proponent of affordable housing and Habitat’s unique home ownership program.
“Our city council has always seen the importance of having a wide variety of housing options in Cold Lake and we cannot thank the supporters of this project enough for helping to make that happen,” City of Cold Lake Mayor Craig Copeland said. “Habitat for Humanity is building more than homes in Cold Lake: They are helping to build a strong, inclusive community.”
Habitat for Humanity homes are affordable because families pay an interest-free mortgage that is never more than 25 per cent of their income. Partner families must invest 500 hours of “sweat equity” as the down payment for their home. These home ownership opportunities are not possible without the support of dedicated volunteers, donors, and community partners. Habitat relies on partnerships to serve families in need of adequate housing.
Major supporters of the Cold Lake build to date are the Lakeland Catholic School District, ATB, CNRL and Lafarge.