Local Habitat for Humanity affiliates announce merger
April 25, 2012
NEW — 2:45 p.m. April 25, 2012
Habitat for Humanity of East King County — builder of residences in the Issaquah Highlands — and Habitat for Humanity of Seattle/South King County plan to merge, officials announced Wednesday.
The groups’ boards voted separately after a report explored the advantages and challenges of combining operations. If the process proceeds as expected, leaders from each group could decide on a formal merger agreement in about 90 days. In the meantime, each affiliate plans to continue normal operations.
“This is a significant step,” said Marty Kooistra, Seattle/South King County affiliate CEO. “The boards concluded that by merging the affiliates Habitat could be more effective in providing affordable homeownership to more families in King County.”
In Issaquah, the East King County affiliated built the 10-unit Magnolia Village complex in the highlands. Habitat for Humanity of East King County plans to dedicate the final residences in the complex Saturday.
“Housing affordability remains a big issue in King County,” said Tom Granger, East King County affiliate executive director. “The economies and combined resources of a merger will allow us to do more, and we will have a stronger voice advocating for affordable housing.”