Habitat purchases ReStore East location

After renting the store for more than two years, Habitat for Humanity of Dane County has announced the purchase of its Eastside ReStore store, which is located at 4207 Monona Drive.

The building purchase will make the ReStore more profitable with a significantly lower mortgage payment than what it was paying in monthly rent. With lower overhead, the ReStore can generate more funding for Habitat to provide affordable, long-term housing solutions.

Habitat says this will have a direct impact on its ability to serve more families and build more homes.

The organization credited creative financing provided by McFarland State Bank, a community partner. Valerie Johnson, CEO of Habitat for Humanity of Dane County, is grateful for the loan- mortgage package. “We were given what works out to be more than $1.3 million at favorable rates,” Johnson says in a press release. “This incredible savings will allow us to increase our impact building homes, communities, and hope across Dane County.”

E. David Locke, the bank’s chairman and CEO, notes that funds generated by the eastside ReStore, through its sale of new and used building materials to the public, goes a long way in supporting Habitat’s local efforts.