Saginaw-Shiawassee Habitat for Humanity, a Saginaw, Michigan-based 501c3 not-for-profit organization dedicated to eliminating substandard housing, has received a donation of 28.79 acres of land from David Friedman and Stan Finsilver.
The combined value marks the largest one-time donation ever received by the Saginaw-Shiawassee Habitat for Humanity. The land is comprised of two parcels, the first (13.82 acres) located off Bay Road and the second (14.97 acres) located off Trautner Road in Saginaw, Michigan.
Property owners David Friedman — co-founder, executive managing director, president and chief executive officer of Friedman Real Estate, and Stan Finsilver, retired co-founder of Friedman Real Estate, entered into an agreement to donate the land to Saginaw-Shiawassee Habitat for Humanity, securing the sites for the non-profit organization. Friedman and Finsilver had owned the land since the 1990s.
Friedman additionally owned the adjacent shopping center off Bay Road and several adjacent land sites next to the Trautner Road site.
“Understanding that the biggest impediment to constructing affordable housing is the amount of capital needed to acquire land, we could not think of a better way to give back and support a community that has supported Friedman Real Estate throughout the years,” said Friedman.
Since 1987, Saginaw-Shiawassee Habitat for Humanity has helped more than 959 extremely low- to low-income families representing more than 2,397 individuals build strength, stability and independence. This includes building or renovating 239 houses that have been sold to asset-limited, income-constrained families, and repairing more than 600 owner-occupied houses through its Home Repair services, as well as serving hundreds of families through Housing Counseling.
