Los Angeles, CA – December 18, 2020: Thrivent is awarding Habitat for Humanity of Greater Los Angeles (Habitat LA) a contribution of $5,000 to help families in greater Los Angeles stay in their homes. Thrivent’s donation will allow Habitat to provide mortgage relief to Habitat homeowners who need temporary assistance making their mortgage payments during the COVID-19 pandemic. With Thrivent’s support, Habitat LA will sustain affordable homeownership costs for more than 5 families who will be served through these funds.
Prior to the spread of the novel coronavirus, more than 18 million households across the U.S. were paying half or more of their income on a place to live. As the pandemic continues to cause job disruption and economic fallout, many households are enduring lay-offs, unemployment, and pay cuts. This wage loss has amplified the financial burden on households to maintain essential payments and can result in families having to trade-off between bills, mortgage, or medical care.
“Habitat LA strives each day to bring hope to our communities,” said Erin Rank, President & CEO of Habitat LA, “and appreciates Thrivent’s long-time partnership to not only build affordable housing here in Los Angeles but now also to help keep families safer at home.”
Habitat LA is one of 100 local Habitat organizations across the nation partnering with Thrivent to help families stay in their homes during the COVID-19 pandemic. In total, Thrivent is donating $750,000 to Habitat for Humanity to assist with mortgage-related relief and prevent foreclosures across the U.S.
“This year has been incredibly difficult for many people as financial hardship has added stress and anxiety to daily lives,” said Nikki Sorum, Senior Vice President of Thrivent Advisors at Thrivent. “This pandemic has underscored how important it is for people to have safe, affordable homes. Given all we have endured in 2020, we are especially honored to provide financial support to Habitat for Humanity to help people stay in their homes so they can continue to build toward financial stability.”
Habitat LA’s History with Thrivent Financial
Since 2005, Thrivent Financial has partnered with Habitat LA to build safe, affordable homes in partnership with those living in poor housing conditions throughout greater Los Angeles. The partnership blends the financial, volunteer and advocacy resources of Thrivent Financial and its members with the hands-on, experiences of Habitat LA. In total, Thrivent has provided over $3.5 million during that time to build 21 new homes and repair 15 others. In addition, they have helped bring together churches from all denominations and sizes to offer matching financial and volunteer support. Habitat LA is grateful to Thrivent for their ongoing support as a true foundational partner and we look forward to again serving together in 2021 to build three more homes for hardworking families in need.
About Habitat for Humanity of Greater Los Angeles
Habitat for Humanity of Greater Los Angeles (Habitat LA) brings people together to build homes, communities and hope. As the top nonprofit residential homebuilder in the greater Los Angeles area with a Charity Navigator 4-Star rating for eight consecutive years and the Platinum GuideStar status for transparency, Habitat LA has partnered with volunteers, donors and Habitat homeowners to build, renovate and repair more than 1,000 homes locally since 1990. The lives of thousands of individuals have been transformed as a result of having a decent and affordable place to call home. Habitat homeowners help build their own homes and pay an affordable mortgage. By supporting Habitat LA through volunteerism, donations and supporting affordable housing, everyone can help families achieve the stability and self-reliance they need to build a better future. To learn more, visit www.habitatla.org.
Thrivent is a diversified financial services organization that helps people achieve financial clarity, enabling lives full of meaning and gratitude. As a mission-driven, membership-owned organization, it offers its more than 2 million members and customers a broad range of financial products, services and guidance. Thrivent and its subsidiary and affiliate companies offer insurance, investments, banking and advice over the phone, online as well as through financial professionals and independent agents nationwide. Thrivent is a Fortune 500 company with $152 billion in assets under management/advisement (as of 12/31/19). Thrivent carries an A++ (Superior) rating from AM Best, a credit rating agency; this is the highest of the agency’s 16 ratings categories and was affirmed in May of 2019. For more information, visit Thrivent.com. You can also find us on Facebook and Twitter.
Habitat for Humanity of Greater Los Angeles (Habitat LA)