The donations are part of a national partnership with Habitat for Humanity International through which the bank will donate up to 2,000 vacant properties for renovation or reconstruction over the next three years.
Low-income families will build in partnership with Habitat North Central Georgia volunteers over the next year, rehabilitating local donated properties.
“The donation of these properties by Bank of America is a tremendous boost to our efforts to revitalize neighborhoods in North Fulton, Forsyth and Cherokee County,” said Russ Hayes, CEO, for Habitat North Central Georgia. “Because of this work and thanks in part to Bank of America, families and entire communities can build stronger foundations on which to thrive.”
In addition to the property donation programs through Bank of America Home Loans, the Bank of America Charitable Foundation has contributed more than $22 million to Habitat’s work around the world through a national partnership launched in 2002.
Additionally, bank employees annually contribute more than 30,000 volunteer hours to help rehab and build homes.
A portion of the properties donated by Bank of America will be included in the bank’s recent commitment to make up to 1,000 properties available to nonprofit organizations providing housing opportunities for military veterans.
Other properties as part of that commitment will be renovated to provide relief for families affected by disasters.
Habitat for Humanity — North Central Georgia is a nonprofit, Christian housing ministry that builds simple, decent homes for purchase by low income families who demonstrate a capacity for responsible homeownership.
Since its inception in 1995, 232 homes have been completed and over 850 family members have been served in north Fulton, Cherokee, Forsyth and Dawson counties.
Each family is required to attend 10 educational classes and perform 300 sweat equity hours.
Families earn between 25 and 60 percent of the Atlanta area median income and purchase their homes from Habitat which provides them with a 25-year, no-interest loan.
For more information on Habitat for Humanity — North Central Georgia, visit www.habitat-ncg.org.