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BofA donating 80 homes to Habitat effort

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POSTED January 17, 2013 12:50 a.m.

MODESTO — Bank of America has donated five properties in recent weeks and is slated to donate up to 75 over the next three years to Habitat for Humanity Stanislaus in support of the affiliate’s efforts to build affordable housing in partnership with low-income families throughout Stanislaus County.

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. In Stanislaus County low-income families will build in partnership with Habitat for Humanity, Stanislaus County volunteers and local contractors over the next 36 months, rehabilitating local donated properties.

In Stanislaus County, Habitat for Humanity had budgeted and planned to complete ten houses in the current fiscal year. However, through the property donation program, the affiliate has already accepted properties in the communities of Waterford, Newman, Turlock, Modesto and Oakdale, increasing its capacity to serve families by more than 50 percent in the 2013 fiscal year.

In addition to the property donation program 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.

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