Richard “Dick” Sumberg has been elected as president of the Board of the Merrimack Valley Habitat for Humanity.
Sumberg, of Woburn Street, follows Ken LaRose, who served as president of the organization for three years.
Sumberg is the founder of The Financial Advisors, LLC, a financial advisory firm with offices in Andover and Newburyport.
He has been involved with Habitat for seven years.
“It’s really a great honor,” Sumberg said in a release. “This organization makes a significant difference in families’ lives by providing a hand up to home ownership.”
Merrimack Valley Habitat is one of the most productive home-building affiliates in New England.
Since its inception in 1985, the organization has built 69 homes and rehabilitated 10 more. Currently, 14 homes are under construction or in the pipeline.
Habitat for Humanity constructs homes and sells them to low-income families on terms that they can afford using sweat equity and no-interest loans.
Habitat families earn their down payments by providing between 240 and 360 “sweat-equity” hours to build their homes.
“It’s such a great feeling when you see a family move into their new home,” Sumberg said.
For more information on the organization, visit www.merrimackvalleyhabitat.org.