Keeping Mortgages Local for Future Habitat Cape Cod Homeowners
 
YARMOUTH PORT, MA - Habitat for Humanity of Cape Cod is thrilled to announce the success of the ongoing partnership with The Cooperative Bank of Cape Cod to keep Habitat Cape Cod homeowners’ mortgages local and expedite the mortgage process for Habitat families. The Cooperative Bank of Cape Cod created a home mortgage product in 2023 with a similar structure to what has previously been offered to Habitat for Humanity of Cape Cod homeowners through the United States Department of Agriculture (USDA) and has completed mortgages for recently finished Habitat Cape Cod homes.
 
The Cooperative Bank of Cape Cod will hold the mortgage for the future homeowners of Habitat for Humanity of Cape Cod’s upcoming Home Builders Blitz Build in Dennis on Jack Delaney Lane. This home will be built during the week of September 23rd by the Home Builders & Remodelers Association of Cape Cod (HBRACC), where its members and associates donate their time, materials, and professional labor to sponsor and build a home in its entirety. Three additional homes will be built on Jack Delaney Lane and are expected to have their walls raised in November. A Community & Volunteer Kickoff event and a Wall Raising Ceremony are anticipated to take place in the fall. The Cooperative Bank of Cape Cod is a major donor and proud supporter of Habitat for Humanity of Cape Cod, donating financially as well as with volunteer efforts through team build days and housing lottery applicant reviews.
 
Habitat for Humanity of Cape Cod has completed over 180 homes on Cape Cod and is currently building in Brewster, Dennis, and Wellfleet. Additional builds are planned for Yarmouth, Marstons Mills, Falmouth, Brewster, Orleans, and Sandwich. Qualifying families are selected via drawing, and future homeowners contribute sweat equity, helping build their homes alongside local volunteers, then purchase their homes with an affordable mortgage. Habitat Cape Cod has been awarded nationally for building energy-efficient, affordable homes. All homes are deed-restricted to remain affordable in perpetuity. For more information, visit habitatcapecod.org.
 
About The Cooperative Bank of Cape Cod
The Cooperative Bank of Cape Cod is an independent mutual community bank with more than $1.6B in assets and is a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), guaranteeing 100% of deposit balances are insured in full.
 
The Coop delivers a robust suite of digital and traditional banking products for consumers and business owners including mobile and online banking, person-to-person payments, mortgages, and checking and savings accounts. The bank’s customized programs support businesses of all sizes, through a variety of business loans, cash management services, merchant card processing and payroll services. 
 
Through The Cooperative Bank of Cape Cod Charitable Foundation Trust, the bank is a prominent philanthropic partner, providing more than $2 million in grant funding since 2018 to address the critical socioeconomic needs and challenges of the region. The Coop encourages its employees to become a powerful force for good through volunteerism in the communities where they live and work and was named a 2021,2022 and 2023 Top 100 Charitable Organization by the Boston Business Journal.
 
Headquartered in Hyannis, The Coop also operates nine full-service branch locations throughout Cape Cod and a mortgage office in Provincetown. For additional information, please visit mycapecodbank.com.