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Help Us Provide Attainable Housing to the Missing Middle
Your donation helps Jubilee to subsidize the price of our homes to guarantee affordability for our residents and families. Jubilee homeowners are considered the Missing Middle population of our community, consisting of families with good jobs and decent income, but who can’t afford to live in our community due to the price of housing. We work to combat this issue and keep people living, working and thriving within our community.
Related Article: How Our Program Works
Our Community Impact
Homes Built
Years in Business
$ Gifted Equity
How Your Gift Impacts Our Community
We Can Build One Home for Every $50k We Raise
Jubilee receives construction loans from the bank for the cost of building the home. Then we sell the home to a buyer based on their income. Because the sales price is based on the income of the buyer and all of our buyers fall within 80%-120% of the Area Median Income, there is always a deficit between the cost of the house and the sale price of the house. This deficit, also known as gifted equity, is filled through philanthropy and donors. $50,000 is the average deficit we see on the cost vs. sale of a Jubilee home.
This process is how we keep our homes affordable. Additionally, to protect the gifted equity that is provided by donors, Jubilee places a silent second mortgage on all of our homes that allows for buyers to only receive 10% of the gifted equity each year (for 10 years). This clause only affects the gifted equity.
Want to know exactly what your donation will go towards? Check it out:
$500 – mirrors for the bathrooms, hardware, doorknobs
$1,000 – light fixtures (both interior and exterior)
$1,200 – closets
$1,500 – all exterior doors
$3,000 – kitchen appliances
$4,000 – insulation per unit
$5,000 – all quartz countertops and backsplash, flooring
$10,000 – plumbing, heating, electric
$12,000 – all interior trim
$15,000 – all exterior work (siding, roof, trim, windows)
$25,000 – rough lumber costs, 1 enclosed garage unit
Meet Your New Neighbors
Park Vista Home Buyer Story – Becca Barth
“After renting a one-bedroom apartment in Holland for over six years, I wanted a home in which I could build equity, put down real roots, and prepare for the future. As a single-income young professional, the housing market in Holland completely barred me from my dream of owning a home.
Park Vista Home Buyer Story – Blok Family
“Holland has always been our place. Although we both grew up elsewhere, we met and started dating at Hope, got engaged at Centennial Park, and got married at Pillar Church. This is why, after a year of living overseas, the decision to move back to Holland was an easy choice.
Park Vista Home Buyer Story – The Olmos Family
“After a quick and unexpected move to Holland, we found our family of 5 in a temporary apartment. We settled ourselves in the area, and then began to look for a more permanent home. The housing market was very difficult for us to break into, so we decided to wait.
Park Vista Home Buyer Story – Logan Housenga
“I was born and raised in the Holland/Zeeland area, and I absolutely love West Michigan. After college, I began my working career while continuing to live at home with my parents. I had not been looking forward to the process of purchasing a home due to the current housing market
Ways to Give
Donate Online
We use QGiv, a secure payment application created specifically for nonprofits, to accept online donations.
Send a Check
Make Out to: Jubilee Ministries
Mail to:
Jubilee Ministries, Inc.
96 West 15th Street, Suite 206
Holland, MI 49423
Other Ways to Give
We have several local organizations that give back to our communities by donating their time, services or new products for our homeowners. If you’re a business looking for other ways to get involved, contact us today to see how we can partner to support our neighbors.