COLORADO SPRINGS, Colo. (KRDO) -- The Wells Fargo Foundation awarded a $15,000 grant to Pikes Peak Habitat for Humanity as part of an initiative to assist low and moderate-income families navigating the increasingly expensive housing market.
Pikes Peak is one of over 230 Habitat for Humanity affiliates that received grants as part of a 7.75 million dollar donation to Habitat for Humanity International.
The money will go toward the repair, construction, and renovation of more than 350 affordable homes nationwide, and the $15,000 granted to Colorado Springs will be used toward the construction of a new house.
Located in The Ridge at Sand Creek, which is a community of homes built by Pikes Peak Habitat for Humanity, this new home will provide a space with an attainable price tag.
Habitat for Humanity will ensure the property has an affordable mortgage, then the house will go to a qualified El Paso County resident.
Applications for the Pikes Peak Homeownership Program are open until Friday, July 29.
You can find the qualification requirements and application portal for the program here.