Countrywide Sponsors Rebuilding Together
Countrywide Marks 10th Year as National Sponsor of Rebuilding Together
04/21/2006
Company Provides Financial Support, Volunteers to National Programs and Local Projects .
CALABASAS, Calif., April 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Countrywide Financial Corporation (NYSE: CFC), the nation's #1 residential home loan lender*, and Countrywide employees are celebrating their tenth year of volunteer service and financial support to Rebuilding Together and its efforts to rehabilitate low-income homes and communities across America. Countrywide began its affiliation with Rebuilding Together with volunteers working on home rehab projects in four communities in April 1997.
This year, the company and its employees are committed to working on more than 150 projects in over 100 communities nationwide. Up to 1,500 Countrywide employees are anticipated to participate in at least one Rebuilding Together project this year.
Over the first nine years, they have donated more than 7,000 volunteer workdays to local Rebuilding Together activities in every region of the country. "Through Rebuilding Together, as our core philanthropy, Countrywide is able to extend its founding mission of promoting homeownership to the preservation of safe, comfortable, secure and accessible homeownership for those in need," said Stanford L. Kurland, president and chief operating officer of CFC. "As Countrywide has rapidly grown into the nation's leading mortgage lender and a provider of diverse financial services over the last 10 years, our corporate and volunteer commitment to Rebuilding Together has developed, as well. We recognize the value of the work done by Rebuilding Together to keep people in their homes and improve communities, and our employees enjoy a sense of fulfillment from the experience of helping homeowners remain in place." More than half of Countrywide's Rebuilding Together projects in 2006 will take place on Saturday, April 29, the non-profit organizations annual National Rebuild Day. That's the biggest single day of work in Rebuilding Together's year-round effort aimed at rehabilitating the homes of nearly 9,000 low-income elderly, disabled and families with children, as well as non-profit facilities serving low-income communities.
More than 240 Rebuilding Together affiliates across the country plan to rally more than a quarter million volunteers to complete the needed work, which is estimated by the charity to have a market value approaching $100 million. In addition to supporting both Rebuilding Together's national office and more than 150 local projects in communities where its employees are providing volunteer labor, Countrywide recently helped the organization initiate two new efforts with a pair of special grants of up to $1 million each.
Countrywide is the founding sponsor of Serving Those Who Serve(SM), providing home modifications for severely injured veterans of Operations Iraqi Freedom and Enduring Freedom.
Through its Rebuilding with Countrywide initiative in the Gulf Coast region, the company is providing the lead funding for Rebuild 1,000!, Rebuilding Together's effort to repair 1,000 low-income homes damaged in Hurricanes Katrina and Rita. "We were very excited when Countrywide became a national sponsor of Rebuilding Together with a $100,000 contribution in 1997, and could only have dreamed that the relationship would develop into the many-faceted, multi-million-dollar program of support that it has become in 2006," said Patricia Riley Johnson, president and chief executive officer of Rebuilding Together. "Countrywide's financial contributions, the volunteer efforts of its employees across the country, and their constant focus on homeownership and community development have proven invaluable to the growth and success of Rebuilding Together."
04/21/2006
Company Provides Financial Support, Volunteers to National Programs and Local Projects .
CALABASAS, Calif., April 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Countrywide Financial Corporation (NYSE: CFC), the nation's #1 residential home loan lender*, and Countrywide employees are celebrating their tenth year of volunteer service and financial support to Rebuilding Together and its efforts to rehabilitate low-income homes and communities across America. Countrywide began its affiliation with Rebuilding Together with volunteers working on home rehab projects in four communities in April 1997.
This year, the company and its employees are committed to working on more than 150 projects in over 100 communities nationwide. Up to 1,500 Countrywide employees are anticipated to participate in at least one Rebuilding Together project this year.
Over the first nine years, they have donated more than 7,000 volunteer workdays to local Rebuilding Together activities in every region of the country. "Through Rebuilding Together, as our core philanthropy, Countrywide is able to extend its founding mission of promoting homeownership to the preservation of safe, comfortable, secure and accessible homeownership for those in need," said Stanford L. Kurland, president and chief operating officer of CFC. "As Countrywide has rapidly grown into the nation's leading mortgage lender and a provider of diverse financial services over the last 10 years, our corporate and volunteer commitment to Rebuilding Together has developed, as well. We recognize the value of the work done by Rebuilding Together to keep people in their homes and improve communities, and our employees enjoy a sense of fulfillment from the experience of helping homeowners remain in place." More than half of Countrywide's Rebuilding Together projects in 2006 will take place on Saturday, April 29, the non-profit organizations annual National Rebuild Day. That's the biggest single day of work in Rebuilding Together's year-round effort aimed at rehabilitating the homes of nearly 9,000 low-income elderly, disabled and families with children, as well as non-profit facilities serving low-income communities.
More than 240 Rebuilding Together affiliates across the country plan to rally more than a quarter million volunteers to complete the needed work, which is estimated by the charity to have a market value approaching $100 million. In addition to supporting both Rebuilding Together's national office and more than 150 local projects in communities where its employees are providing volunteer labor, Countrywide recently helped the organization initiate two new efforts with a pair of special grants of up to $1 million each.
Countrywide is the founding sponsor of Serving Those Who Serve(SM), providing home modifications for severely injured veterans of Operations Iraqi Freedom and Enduring Freedom.
Through its Rebuilding with Countrywide initiative in the Gulf Coast region, the company is providing the lead funding for Rebuild 1,000!, Rebuilding Together's effort to repair 1,000 low-income homes damaged in Hurricanes Katrina and Rita. "We were very excited when Countrywide became a national sponsor of Rebuilding Together with a $100,000 contribution in 1997, and could only have dreamed that the relationship would develop into the many-faceted, multi-million-dollar program of support that it has become in 2006," said Patricia Riley Johnson, president and chief executive officer of Rebuilding Together. "Countrywide's financial contributions, the volunteer efforts of its employees across the country, and their constant focus on homeownership and community development have proven invaluable to the growth and success of Rebuilding Together."
posted by Kirby P at 4:50 PM
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