Habitat for Humanity:
St. Peter Helps Local Woman Build a Home of Her Own
At the end of 2023, the median home price in Charlotte was $415,000. And it has only gone up from there, making more than 75 percent of regional households unable to afford a home of their own. Tabitha would have been one of them had it not been for Habitat Charlotte Region, St. Peter and other partners helping her realize her dream of home ownership.
A volunteer at the ReStore, Tabitha joined St. Peter parishioners in September to help build the house where she and her 10-year-old son Rondreaus will live. More than two dozen St. Peter volunteers pitched in to provide refreshments/supplies and to roll up their sleeves to build the home.
Through Habitat's Financial Literacy program, Tabitha has gained valuable knowledge
about money management and credit building to prepare her for homeownership.
A Charlotte native, Tabitha currently rents an apartment. As housing and apartment
rental costs have risen dramatically, she has been heavily impacted.
Because of Habitat Charlotte, St. Peter and her own efforts, Tabitha will begin to build
generational wealth for herself and her son. She will be the first of her siblings to own a home. Through hard work, dedication, education and lots of sweat equity, Tabitha will achieve her longtime dream of being a homeowner and having a place she can call her own.
Why Housing Is Out of Reach for Many
The median rent for a one-bedroom 745-square-foot apartment in Charlotte is $1,445, according to the National Low Income Housing Coalition Out of Reach Report. For this not to exceed 30 percent of income, the housing cost burdened threshold, someone would need to make about $4,816/month or $57,792/year.
A modest two-bedroom 1,077-square-foot rental in Charlotte is $1,749 per month. Earnings would need to be $5,830/month or $69,960/year. The state and national legal minimum wage is $7.25 per hour, unchanged since 2009. The minimum wage for people earning tips is $2.75. With minimum wage so low and rental rates so high, no wonder renting, let alone owning a home, is out of reach for so many of our neighbors. Last year, only 2.5 percent of the houses sold in our region cost less than $150,000 and about 22 percent were less than $300,000.
-- Contributed by Gina Carroll Howard, St. Peter Habitat Ministry Leader
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