HELPING MORE PEOPLE ACHIEVE THE DREAM OF HOMEOWNERSHIP One of the biggest initiatives born of the Diversity & Inclusion Board’s efforts is to make affordable housing options more available within the markets PulteGroup serves. “I love my job as a middle school teacher.” That’s how the email began. It went on to talk about her husband, their kids and the hopes she has for their future. She then talked about the amazing Pulte community they had toured the day before. The model home was lovely and the layout was perfect for the family. “This is our dream home, but the price is just out of reach.” To truly appreciate the value of a home, speak to someone who can’t afford it. PulteGroup’s long-term goal is that up to 1% of our annual closings
be affordably priced to help address the housing crisis in the country. These homes would be priced below market and be made available to buyers making 60% to 80% of area median income. The affordable housing committee of our Diversity Board continues its efforts to expand our program and solve the Rubik’s Cube of government regulations for needed mortgage financing which is a linchpin for the plan we envision. While we are working to solve the mortgage finance conundrum, many of our divisions are partnering with local municipalities on ways to bring more affordable housing communities to the market. For example, our Southeast Florida division celebrated the completion of Carver Square, a new workforce housing community of 20 affordably priced homes. Built in conjunction with the Delray Beach Community Redevelopment Agency (CRA) and Palm Beach County’s Workforce Housing Program, this development is addressing a great housing need and revitalizing the economy of this historic area. Building affordable homes can support positive business outcomes such as helping with entitlements and building goodwill in the community. More importantly, enabling homeownership among lower-income and diverse families can create positive change today and for generations to come.
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