ATLANTA, May 9 /PRNewswire/ -- Employees from the Federal Home Loan
Bank of Atlanta will travel from their midtown Atlanta home office to the
Gulf Coast, May 11-16, to volunteer alongside former U.S. President and
Nobel Peace Prize laureate Jimmy Carter and his wife, Rosalynn. FHLBank
Atlanta will join thousands of corporate and independent volunteers as part
of the 25th annual Jimmy and Rosalynn Carter Work Project, hosted by
Habitat for Humanity of the Mississippi Gulf Coast. The Carter Work Project
will build and rehabilitate 60 homes and frame up to 48 more in the host
cities of Biloxi, Gulfport and Pascagoula, Mississippi where homes were
damaged during Hurricane Katrina.
As part of this year's project, volunteers will build houses in
Louisiana, Mississippi, Texas and Alabama. The Carters will visit some of
these sites and help build houses in New Orleans and Covington, La.; Bay
St. Louis, Miss.; and Mobile, Ala., to help raise awareness of ongoing
recovery taking place in the communities along the Gulf Coast.
In total, more than 250 houses will be built or repaired by the end of
the year as part of the overall project. Families will pay a no-profit
mortgage for the homes, with mortgage payments recycled to build even more
simple, decent and affordable housing in these communities.
"The missions of the Federal Home Loan Bank of Atlanta and Habitat for
Humanity are compatible -- both provide decent and affordable housing
opportunities," said Chris McEntee, Chairman of the FHLBank Atlanta's
Community Involvement Committee. "The Bank has a long history with Habitat,
having supported three work projects. It is only natural that we would be
eager to get involved with this effort."
FHLBank Atlanta is a part of the Federal Home Loan Bank System and,
along with the eleven other Federal Home Loan Banks, is the largest
contributor to Habitat affiliates -- having helped to fund one out of every
four Habitat homes built in the United States. In 2006, Bank volunteers
helped out during another historic Habitat build -- the completion of the
500th "Katrina" recovery house in Mobile, Alabama. Many of these same
FHLBank Atlanta employees will return to the Gulf Coast with the newest
Carter Work Project, working alongside hundreds of volunteers from around
the country.
The Carters remain Habitat's most famous volunteers. Each year since
1984, the Carters have given one week of their time to build homes and
raise awareness about the need for simple, decent and affordable housing.
Previous Carter Project events have been held in Los Angeles, Michigan, New
York City, Hungary, the Philippines, South Korea and South Africa.
About FHLBank Atlanta
FHLBank Atlanta offers low-cost financing, community development
grants, and other banking services to help more than 1,200 member financial
institutions make affordable home mortgages and provide economic
development credit to neighborhoods and communities. The Bank's members-its
shareholders and customers-are commercial banks, credit unions, thrifts,
and insurance companies headquartered in Alabama, Florida, Georgia,
Maryland, North Carolina, South Carolina, Virginia, and the District of
Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home
Loan Bank System, which since 1990 has contributed more than $5 billion to
affordable housing development in the United States.
25 Years of Building with the Carters
Former President Jimmy Carter and his wife, Rosalynn, have been helping
Habitat for Humanity shine the spotlight on the need for affordable housing
since 1984. That year, the Carters led a small team of Habitat volunteers
to New York City to help renovate a six-story apartment building with 19
families in need of decent, affordable shelter. A quarter of a century
later, that modest effort has grown into an internationally recognized
annual event that has taken place in communities around the world.
About Habitat for Humanity of the Mississippi Gulf Coast
Habitat for Humanity of the MS Gulf Coast (HFHMGC) serves Harrison,
Jackson and Stone counties. Since Katrina, HFHMGC has completed and started
construction on 170 homes. HFHMGC believes every family deserves a 'place
they can call home', and as such they are committed to providing the
Mississippi Gulf Coast with clean, decent affordable and safe homes. While
eradication of poverty housing is a challenge in all locations, it is
particularly challenging in the light of hurricane Katrina. For more
information on HFHMGC and how to volunteer or donate, go to http://www.hfhmgc.org
.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry
that welcomes to its work all people dedicated to the cause of eliminating
poverty housing. Since its founding in 1976, Habitat has built more than
250,000 houses worldwide, providing simple, decent and affordable shelter
for more than 1 million people. For more information, visit http://www.habitat.org
.
See Also
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Source: Real Estate Newswire
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