Midland Habitat for Humanity dedicates 181st house
Home build funded by state energy leader Pioneer Natural Resources
MIDLAND, Texas (KOSA) -Midland Habitat for Humanity dedicated its 181st house in program history on Thursday, continuing the nonprofit’s commitment to building affordable housing in one of the most expensive markets in the country to buy and develop the land.
Construction of the house, located in the 800 block of Wolfberry Court on the city’s southeast side, was funded by Pioneer Natural Resources, one of the state’s largest oil and gas companies. It’s the fifth house the company has dedicated to the Midland agency.
“Habitat is very blessed to have wonderful community partners like Pioneer, and we are very thankful for their donation,” said Joey Hopkins, the organization’s executive director. “Pioneer has been a faithful partner for many years, and through their partnership, countless lives have been changed by the transformational power of homeownership.”
Since it was established in 1991, Hopkins’ agency is among a handful of local organizations that have led the way in building affordable housing in the Permian Basin.
Habitat uses what it calls a “partnership model” to help deserving, hard-working families realize the dream of home ownership. Each participant in the program contributes at least 350 hours of “sweat equity” at the worksite and completes a homeownership education program. Successful candidates are then awarded a zero-percent interest mortgage.
With its exploration operations solely based in the Permian Basin, Pioneer has been able to build a relationship with Midland Habitat for Humanity.
In addition to dedicating five houses since its partnership began in 2012, Pioneer and its employees have given hundreds of thousands of dollars to the agency and contributed thousands of hours in labor to help make home ownership attainable for some of the neediest families in the Permian Basin.
The company is planning another home build for the fall.
Last November, Pioneer donated more than 35 acres of land to the nonprofit valued at nearly $2 million. The gift marked the largest land donation Midland Habitat for Humanity had ever received.
Emily Statton-Smith, vice president of Habitat for Humanity’s Board of Directors and associate general counsel at Pioneer Natural Resources, said home prices were a key factor in Midland’s designation as the American city with the highest inflation rate.
Combine that with the country’s current rocky financial picture, and the need becomes exponentially greater as families trying to break free of generational poverty are being denied the ability to build home equity as mortgage rates skyrocket.
“Habitat is the most effective organization in the Permian Basin in partnering with families to provide financial literacy and home ownership,” she said. “Pioneer has consistently provided land, funding, and volunteers to Habitat as our city continues to find solutions for rising home and mortgage costs.
“Together, we are changing families in the Permian Basin in meaningful and long-lasting ways,” she said.
Since its founding in 1997, Pioneer has established itself as a state and regional leader in oil and gas exploration, industry innovation and production. Throughout its growth in Texas as a large independent energy company, among its enduring missions has been a deep devotion to philanthropy and volunteerism.
Pioneer’s affiliation with Midland Habitat for Humanity exemplifies how the company and its employees leverage their generosity in donations of time and money.
“Dedications like today wouldn’t be possible without Pioneer’s support in helping Habitat achieve our mission of changing lives through affordable homeownership,” Hopkins said.
Copyright 2022 KOSA. All rights reserved.