Through public and private sector partnerships, Rebuilding Together is able to build new affordable homes. Our new home builds provide 2-4 bedroom, 2-bath, single-family homes to first-time homebuyers and families who could not otherwise afford homeownership.
In 2011, RTTB, in partnership with banking partners, ventured into the creation of affordable housing. We started with existing houses, rehabbing them and making them available to buyers. By 2014, we were qualified general contractors in Florida, enabling us to build single-family homes from the ground up. The first 6 houses we completed were built in the community of Sulphur Springs in Tampa, where we were already delivering residential repairs and neighborhood beautification. The great success of the project opened more doors for us to continue building, and since the program’s inception, we have completed over 70 new single-family homes throughout the City of Tampa and in unincorporated Hillsborough County.
Clients served will be first-time homebuyers who are low-income as determined by HUD's guidelines. After an eligible applicant applies through our website, our Intake Coordinator performs an individual phone interview with every applicant. Pending this interview, applicants are required to submit satisfactory documentation in accordance with HUD standards to qualify for services, as well as provide proof in the form of acceptable documentation that illustrates other eligibility requirements within a given amount of time. RTTB will partner with a local HUD-certified nonprofit agency to verify the income of potential home buyers before executing a sales contract between them and our organization.
All clients served through this project are required to attend First Time Home Buyer classes to ensure they are mortgage-ready and able to successfully maintain their new home long-term. The curriculum plays an integral part in our clients’ journeys, giving them the information and tools necessary to independently thrive in safe and healthy home environments.
This program leads to greater economic mobility and increased overall well-being for the families we serve. They will be able to avoid the trade-offs that come with deciding between the high cost of housing and other household priorities. Families living in affordable housing save about $500 per month, and research has shown that these families spend five times more on health care, three times more on food, and twice as much on retirement savings.