Jun 27, 2014

140619_HER07_47Tiffany Homuth

Age: 41
Hometown: Marco Island
Cause: Help for first-time homeowners

Homuth had hammered many nails for Habitat for Humanity when, in 2011, she had the idea to link the nonprofit with Mutual of Omaha Bank, where she’d worked since 2010. Habitat would sell 188 loans — freeing up cash — to the bank, which would offer them interest-free to local families who did not meet standard underwriting criteria. She then began teaching classes of 25 first-time homeowners how to budget. Homuth spends the rest of her 30-hour a month volunteer time exposing future homeowners — kids in grades K-12 — to real-life math problems. What sets their light bulb off, says Homuth, is discovering how money flows through the economy, from the treasury to the bank to the restaurant to the cleaner that launders the tablecloths.

Says Homuth:

The common misconception is that if you’re an adult and you work, you understand what it takes to get into a home.”

MONEY may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions