Creating stable foundation for future Habitat for Humanity family
On Saturday, October 20th, a group of Saint Mary's College MBA alumni (and family members) arrived in Bay Point at the site of a Habitat for Humanity home renovation to participate in the service portion of Saint Mary's College Graduate Business alumni mission to "Network, Learn, and Serve."
After an early morning safety run-through, the group split into two teams tasked with installing hardwood floor throughout the home. One person from each group responsible for using the miter saw and power tools. The morning started with measuring and cutting the flooring. "It took a bit of time to figure out the layout and how to install the laminate hardwood floor, but once we figured out what to do and how to do it, we rolled through three bedrooms, the living area and the hallway," said John Hartung, MBA '91. The team cut sophisticated angles in the flooring to make it all work. After a full day on their hands and knees, the sore but willing participants cut the edge boards to outline the rooms before cleaning up for the day.
"What surprised me was what a first-class product Habitat is producing; I wish I could move into the house we worked on. Habitat for Humanity really is a well-oiled machine; this SERVE event was definitely time well spent," said volunteer Chris Agnew, MBA'98.
In typical Habitat for Humanity projects, the future owners work on their own houses. They are required to amass a 500 hundred hours volunteering sweat equity. Habitat's cost basis for this particular home was $109,000 total ($60,000 foreclosure price and $49,000 in renovation costs). Habitat for Humanity will finance this home at 0% and the family selected for it will never pay more than 30% of their income toward the loan no matter what. Each home project has a crew leader from Ameri-corps that is stationed by Habitat for Humanity.
“Even though there was no owner assigned to this house yet, it is nice to know that this house will be going to a family in need in our local community. There is no doubt the labor provided by all the Saint Mary's volunteers was a true act of selfless service that kept the cost basis manageable for the new owner" says Dale Halterman, Trans-Global Executive MBA alumni. To find out how to participate in the next Habitat for Humanity volunteer opportunity, contact Jackie Williams, [email protected].
About Saint Mary's College Graduate Business Alumni:
Founded in 1863, Saint Mary's College of California is a cornerstone institution of the San Francisco bay area. After nearly 150 years, with a network of more than 40,000 alumni worldwide, Saint Mary's tradition of educational excellence is stronger than ever. Saint Mary's College of California Graduate Business Alumni Chapter's mission is three-fold: network, learn and serve. Our goal is to connect graduates with new people and opportunities, provide continued professional development, and use our knowledge, experience, and skills to help those in our community. For information about how to get involved visit, www.smcbusinessalumni.com