The Real Deal Miami

Foreclosures a boon to Habitat for Humanity

May 20, 2008 11:17AM

Habitat for Humanity, the 22-year-old charity organization that builds housing for low-income families, has said they are benefiting from the nation’s foreclosure crisis, which provides them with an opportunity to buy cheap land or houses for redevelopment. Historically, the organization’s West Palm Beach chapter has developed on lots donated from governments and individuals, but now it may have to begin buying its own land, so the decline in prices is critical.