NPNR: A Fascinating Idea

neitherpoverty.jpgThere was a very interesting idea in the conclusions of Blomberg’s Neither Poverty Nor Riches.

And here’s what I know: I know there are readers of this blog who have the resources to get something like this going at New Hope Church or at your own church. So, why not?:

Tom Sine tells the story of a church in Seattle that decided to raise funds so that the young first-time home buyers could pay cash outright for their property. There Christians then contracted to pay back to the church what their mortgage payments would have been to fund further ministry and create more home-buying opportunities for other church members. When one considers that the average Westerner spends more on repaying a home mortgage (principle plus interest) than on any other single lifetime expenditure, it is tragic that more Christians are not seeking to replicate this model (250-1).

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6 thoughts on “NPNR: A Fascinating Idea”

  1. I have been reading your blog since the Giants beat that Packers in that heart breaking game last season. One of my friends pointed me to your sentiments on the game.
    This is a great idea, I know of a ministry that is similar to this – http://www.lightbearersconnects.com/
    They raise money to by homes to create student housing. The houses are made up of believers and non-believers with discipleship happening in the home. Since the home is completely paid off the rent goes directly to missions, students takes trips, projects are sponsored and lives are changed. Great way of raising residual support for missions while doing it at the same time.
    I would love to see churches understand this and develop it to serve their communities as well as the lost.
    Thanks for your writings, always encouraging.

  2. Am I understand this concept correctly?

    Essentially, instead of allowing a private company (i.e. mortgage provider, bank, etc.) to profit off the purchase of the house through interest accumulation, the church basically becomes the mortgage agency, thus utilizing the interest profits for ministry?

    So to the home-buyer there is no difference, right? They’re still sending off a check for a mortgage every month, except that in this case it goes to the church?

    Huh. Interesting.

  3. This idea just screams for lawsuits and government interference. What would this “contract” to pay back the church look like? If it was anything binding at all, then the church would immediately lose its non-profit tax ID…

    PS. Just listened to the NA session 4 Mahaney message on Psalm 42. Melted my face off.

  4. Going to have to agree with stevegoold on this one, though if the interest goes directly to missions, perhaps that is not considered “profit.” Here are some more pastoral concerns. Does the church then become a landlord, who might reposess the home? If so, what happens when the homeowner comes to the church looking for mercy because they just can’t pay this month? Does the church bend in ways no bank ever would?

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