MISSION

From Homelessness to Tiny Homeownership

VISION

Imagine a Memphis where sustainable homeownership is within reach for all.

MISSION

From Homelessness to Tiny Homeownership

VISION

Imagine a Memphis where sustainable homeownership is within reach for all.

Homes for Hearts is a 501(c)(3) nonprofit organization.

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How does your Transition / Homeownership Program work?

Homes for Hearts partnered with Room in the Inn Memphis and Bridges for the Deaf and Hard of Hearing to help with the vetting and case management of each Applicant and Transition resident. Vetting is based on relationship building and willingness to work toward sustainability and homeownership.

Room in the Inn and Bridges(WEST) help keep our residents connected to medical, employment, social and other supportive services they need before and after transitioning toward the HFH Transition / Homeownership Programs, and ultimately toward a path of self sustainability.

There are two phases of the Homes for Hearts Transition Program. Once a New Resident completes Phase One and Phase Two of the Homes for Hearts Transition Program, that resident become eligible for our affordable and sustainable, zero-profit, zero-interest Tiny Homeownership Program, in which principal payments are as little as $150 monthly.

Combined with low utility bills, taxes, insurance and maintenance costs, our homebuyers spend no more than $450 monthly, including their mortgage and utilities, depending on income.

Our Tiny homes and Homwonership Program help to reduce the number of Memphians experiencing homelessness, while also helping people move above the poverty line, gain a modest asset and a community of support to help empower and bring positive change to their lives.

 

How do you keep the homes from getting into investors’ hands? 

Homebuyers are not allowed to rent or sublease the home during the Transition or home buying process. Once a homebuyer owns their home and they wish to sell it, they must give us the first option to buy back at a fair market value. This allows us to find a new resident for the home, and keep the home affordable for years to come. The buyback price of the home must allow for a new Homes for Hearts resident to move in, and spend no more than 20-30% average median income toward housing. 

 

Do you work with government funding?

Homes for Hearts will accept government funds as long as they have no conditions that would violate our principles or limit our ability to provide permanent, sustainable, cost-effective, affordable housing with a clear path toward homeownership. We currently do not work with any government funding.

 

Is Homes for Hearts a tax-exempt nonprofit organization?

Yes. We are a US 501(c)(3) nonprofit  85-2299402

Give today and help us build our next home for Memphis! All donations are tax deductible.

If you have any questions please reach out! zw@homesforhearts.org 901.290.6174 – Zach Waters, Founder & CEO