Thompson Coe’s Austin Office Supports Legal Build 2011
Jun 11, 2011
Thompson Coe’s Austin office took part in Legal Build 2011 through the Austin Bar and Austin Habitat for Humanity.
Every two years, the Austin Bar partners with Habitat to raise fund and build a home for a deserving Austin family. In order to cover the construction costs of building the home, $65,000 needs to be raised. To qualify for a Habitat home, the family will have completed nearly 400 hours of "sweat equity" building homes with Austin Habitat, and have taken 24 hours of housing counseling. The family will purchase their home with the help of a zero-interest mortgage that they fully repay. Children of low-income homeowners are 20% more likely to graduate from high school, 62% more likely to acquire post-secondary education, and typically earn 24% higher income as adults. Helping parents become homeowners improves their children's prospects for a more productive adult life.
This year’s Habitat for Humanity project was sponsored by the Austin Bar Association. Jessica Mangrum, a partner in the Austin office, is co-chair of the project.