Wellby Financial Celebrates Completion of New Habitat for Humanity Home
Wellby's partnership with Bay Area Habitat for Humanity underscores its commitment to helping people prosper, in part through homeownership.
HOUSTON, Texas – November 4, 2024 – In just eight months, nearly 100 dedicated Wellby Financial team members devoted approximately 350 hours to building a new home for a resident of La Marque, Texas, who is committed to enhancing her life and supporting her family’s prosperity. Together with Bay Area Habitat for Humanity, Wellby dedicated the home to the new homeowner and celebrated the next step toward a more financially secure and prosperous future.
"We believe in the transformative power of homeownership to drive meaningful change," said Marty Pell, President and CEO of Wellby Financial. "We’re committed to breaking down barriers and creating pathways to financial prosperity, with homeownership as a foundational step. This project has underscored that we didn’t just build a house—we empowered a family and its future generations to take significant strides toward a more secure and prosperous future."
As Houston's second largest not-for-profit financial cooperative, Wellby helps its members achieve financial prosperity, in part through homeownership, and partnering with mission-driven organizations like Habitat for Humanity to create ripples of change across Greater Houston.
"We hope that our hands-on approach shows that we are passionate about connecting with our communities and that our partnerships allow us to make more of a positive difference in the lives of Houstonians and beyond," said Pell.
The Federal Reserve suggests that nearly 70% of Americans cannot afford a $400 unplanned expense. Wellby aims to be a tailwind propelling their community to a brighter future – one filled with hope based on a foundation of financial well-being. Achieving financial well-being and, subsequently, financial prosperity will lead to a higher quality of life and ultimately create the ability to help others.
A key driver of financial well-being is homeownership. The Federal Reserve reports that homeowners have a net worth 44 times greater than renters. Homeownership also has significant impacts on generation stability and wealth, heavily impacting children as they grow up. Through homeownership, individuals become stronger contributors to our local community, helping build a more prosperous Bay Area for everyone.
“This is Bay Area Habitat for Humanity’s first home in La Marque,” said Megan Scheffer, Executive Director of Bay Area Habitat for Humanity. “This community is dear to our hearts, and we were so grateful when Wellby decided to sponsor a home in this area. Our new homeowner is a local, hardworking single mom and was a perfect fit for this home. She has truly been a joy to work with, and we love that several Wellby team members have been able to get to know her and work alongside her during construction.”
Wellby Financial extends its gratitude to Bay Area Habitat for Humanity and all those who contributed to this project. Together, all those invested built a home that represents hope, stability, and a brighter future for a deserving family.