Friday, March 30, 2007 4:20 PM
HfH: Disney World, 5K Run/Walk, RtR 2.0

Thanks to our newest sponsors
 

Judah Christian School
Meijer
Pages for All Ages Bookstore


as well as our ongoing sponsors

92.5 The Chief
ABC Sanitary
Adams Outdoor Advertising
Armstrong Lumber
Bacon & Van Buskirk
Boltini's
Cement Masons & Plasters Local #143
Champaign Do-It-Best Hardware
Champaign Estate Sales
Champaign Heating & Air
Champaign Telephone Company
City of Champaign
City of Urbana
Custom Flooring & Acoustics
Denver Mattress
Dodds Company
Dow Chemical
eXtra 99.1
Ezell Excavating
F & R Roofing
Flat Top Grill
Fry Access
Geocon
The Great Frame Up
HDC Engineering
Herriott's Party Rental
Home Depot
IBEW Local #601
IDSCO
Illiana Insulation
International Galleries
Kan-Doo Concrete
Kurt Crail Inc.
Larson
Lowe's
Lutheran Social Services
MX Electric Inc.
Maxwell Counters
Menard's
Mix 94.5
Nash Crane Service Inc.
Patton Lumber
Peckham & Associates
Pekara Bakery
Prime Time Pizza
Prairie Central Materials
Prudential Landmark Real Estate
Ramada Ltd.
RC's Plumbing & HVAC
RP Lumber
Remco Electric
Reynold's Towing
St. Patrick's Catholic Church
Sherwin Williams
Smith/Burgett Architects
Springfield Electric
Square D
Stevens Excavating
Storage Options Solutions
Sunnycrest True Value
TSI Specialty Cleaning & Restoration
Thrivent Financial for Lutherans
UpClose
Vaspar
Westchester Group
Whirlpool
Williams Business Interiors
WIXY 100.3

 
Donate your Spring Cleaning
 
Drop off donations are accepted any time during store hours. Please pull around to the loading dock at the back of the building and ring the bell for assistance.

Too large for your vehicle? Schedule a donation pick up! Donation pick ups are a $5 fee in C-U, and $10 outside C-U within a 15 mile radius. Contact us at (217)355-6460 x120 or ReStore@cuhabitat.org to schedule.

 
ReStore hours
 
Tuesdays - Saturdays
from 10 a.m. to 5 p.m.
Sundays
from 1 - 5 p.m.

The ReStore will be open on Good Friday but closed on Easter Sunday.

 
Habitat for Humanity of Champaign County
 
119 E. University Ave.
Champaign, IL 61820
(217) 355-6460 ReStore
(217) 359-0507 Administration
www.cuhabitat.org

 

Brought to you by Champaign Telephone Co.
 

 
Get a Sneak Peak at While the World Passes By, Habitat Poverty Exhibit
 
While the World Passes By

An Exhibit on Poverty presented by Habitat for Humanity of Champaign County

1.5 million Illinois citizens live in poverty
Illinois has the highest child poverty rate in the Midwest
1 out of every 10 Illinois households were "food insecure" in 2004
(2006 Report on Illinois Poverty)


Join us for a sneak peak of While the World Passes By, Thursday April 19, 6-9pm.

Through photographic images, view a shocking look at poverty in Champaign County and follow Habitat's impact on local neighborhoods through the personal journey of Habitat homeowners.

When: Thursday, April 19, 6-9pm
What: Sneak Peak/Reception: $25 Suggested Donation
Where: Habitat for Humanity ReStore, 119 East University, Champaign
Advance Reservation: Call Megan Wolf, 217-359-0507 ext. 118

Sponsored by:
Herriott's Party Rental
Flat Top Grill
Friar Tuck
Adams Outdoor Advertising
International Galleries
The Great Frame Up

Exhibit Design & Research by:
American Institute of Architects Central Illinois Chapter Young Architects Forum, Alpha Rho Chi, American Institute of Architecture Students, National Organization of Minority Architecture Students, Architecture for Humanity.CU

 
Treasures at the ReStore
 
A box-truck-worth of grout and mortar came in from Lowe's just today. We're expecting another very large delivery of tile as well. See new items here!

 
Community Housing Fair tomorrow
 
On Saturday, March 31 from 9 a.m. to 1 p.m. the Community Reinvestment Group is sponsoring their seventh annual housing fair. Habitat is participating with a booth while community members learn about home maintenance, credit and how to buy a house. There's no place like home!

 
Working Women's Expo 2007: Disney World Vacation Raffle!
 
We will raffle off a 7-day vacation at a private 4 bedroom, 3 bath vacation home in Orlando, Florida! Relax by the pool, head to the hot tub or spend the week at Disney World. This beautiful home is moments away from Mickey and Minnie!

Visit us at the Working Women's Expo to purchase raffle tickets so you and your ten closest friends can enjoy this gorgeous getaway.

 
Raise the Roof 2.0
 
Help RAISE THE ROOF on Saturday, April 7 with Illini Radio Group - Mix 94.5, Xtra 99.1, WIXY 100.3, & 92.5 The Chief. Look for drop locations throughout Champaign-Urbana - including Meijer and Pages for All Ages Bookstore - to make a donation and help TWO FAMILIES break out of poverty.

 
Volunteer Opportunities
 
Raise the Roof
The Raise the Roof campaign with Mix 94.5, WIXY 100.3, The Chief 92.5 and Xtra 99.1, will continue Saturday, April 7, from 11am-7pm. Each radio station will be on location at different places throughout Champaign-Urbana to collect donations. We are lining up mostly grocery store locations, since they will have plenty of shoppers for the Easter weekend.

We need veteran volunteers (that means YOU!) to work at each location, collect donations and answer any questions a donor may have (we will have handy reference materials on site). AND you will get to work side-by-side with fabulous Illini Radio Group DJs! They are wildly entertaining!

Shifts are below. To sign up, contact Megan at 359-0507 x118 or fundraising@cuhabitat.org. Don't forget to bring a lawn chair, water and possibly even sun screen!

11am-3pm (4 volunteers needed)
3pm-7pm (4 volunteers needed)

While the World Passes By set-up

Thursday, April 19

10a-2p
Set up for Reception, some heavy lifting needed (not much).

8:30pm-Tear down reception, return ReStore to working order, some heavy lifting needed

Friday, April 20

8am-10:30am - Set up ReStore, place fragile merchandise back on shelves, no heavy lifting needed

Want to build a house?
Contact Ellen Willcox about opportunities beginning in June: 359-0507 x110 or house@cuhabitat.org

ReStore runs on volunteers!
Weekly ReStore orientations are held on Saturday mornings at 9a and Wednesdays at 5:30p.

All ReStore orientations begin on the main floor of the store. Habitat for Humanity's ReStore is located at 119 E. University Ave. This schedule is subject to change. Experienced store volunteers are encouraged to attend a new store orientation for the updated store policies and to learn more about this massive three story building.

For more information, a current ReStore orientation schedule, or to RSVP for an orientation, please contact Courtney at 355-6460 x116 or email volunteer@cuhabitat.org.

 
7th Annual 5K Run/Walk Race
 
The Student Chapter's Annual 5K Run/Walk Race is quickly approaching on April 14th, 2007 at Crystal Lake Park. All proceeds of our this annual event will help fund the house for the Sweid family that we will be finishing at the end of April. There will be great prizes for the winners of each category. Everyone who purchases a T-Shirt is guaranteed one! If you would like to join us for a nice morning run/walk, please visit our web site at http://habitat.union.uiuc.edu and register to participate online.

If you tried to register over Spring Break, our server was accidentally turned off. We apologize for the inconvenience.

Early registration is due on April 3rd by 5 PM. The participation fee is $14 without a T-shirt or $18 with a T-Shirt before April 3rd and $16 without a T-Shirt or $20 with a T-Shirt after April 3rd. Thank you and we hope you will join us on April 14th.
 
New Threats to "The American Dream"
 
Part One of a Three-Part Series
by Mark Middleton, Finance Manager

Did you know that between 1.2 and 2.2 million homeowners could lose their homes in the near future. This comes at time when there is a general "slow down" in the real estate market, nationwide. The implications of this trend are staggering. Additionally, if home prices drop by just 10%, nearly 35% of American homeowners will have no real estate equity.

In an effort to stimulate the economy in the early part of this decade the Federal Reserve bank lowered interest rates to levels not seen in many decades, certainly my adult lifetime. This policy meant that the cost of homeownership dropped. Suddenly, there was a surge of demand for housing. Housing prices rose, but the cheaper credit masked the ultimate price of a home. The building industry responded by building many more homes. Sales of both new and existing homes soared. Demand for second homes / recreational homes boomed in many resort areas.

At the same time, in addition to low interest rates, the criteria for financing changed as well. The first was a large increase in mortgages to first time buyers with poor credit , so-called "sub-prime" loans. These loans are risky in two ways. If interest rates rise, then the mortgage becomes unaffordable to the borrower and subject to foreclosure. Also, the less affluent homeowner is typically more at risk economically during a slowdown, with little savings or alternate sources of income to survive the loss of job, unemployment, or a major life disaster such as a major illness.

The second big change in mortgage processing applied to regular homebuyers of slightly more modest means with good credit history, called "Alt-A's." Many of these loans were based on "interest only" payments with no reduction of the mortgage note. The effect of this "Alt-A" mortgage was to permit people to build or buy homes which they really could not afford except under the right set of future economic circumstances including rising home prices buttressed by monitory inflation.

A third consequence of the boom in housing prices was a surge in lending which some call "predatory" and others just understand as "unwise": a rapid increase in second mortgages and home equity lines of credit which turned the theoretical increases in asset value to immediate cash in the pocket in exchange for higher debt.

Thanks to the wonderful generosity of our partners and supporters, Habitat for Humanity is able to build simple, decent, and affordable homes, and finance them through mortgages to people who are on the economic margins with minimal down payment, zero Interest, no PMI mortgage insurance requirement, and virtually no closing costs or fees. The term of these loans are currently 20 years.The mortgages on Habitat build homes are the most affordable mortgages available!
 
Donate to build simple, decent, affordable housing in Champaign County!
 
Help hard-working families earn shelter, self-respect and the hope of a better life! Click here.

 

 



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