Transamerica Employees to Help Build Homes in 13 Major Cities
Transamerica announced today its plan to team up with Habitat for Humanity to transform tomorrow through a housing grant and home improvement efforts in 13 major cities across the U.S. As part of Transamerica's commitment to volunteerism, nearly 500 employees are banding together to support local neighborhood stabilization efforts during the month of May.
"Transamerica understands that the success of tomorrow relies on what we are able to build today and we are bringing this idea home to the communities where we live and work," said Kent Callahan, president and CEO of Employer Solutions and Pensions Division of Transamerica Life Insurance Company. "We are proud to roll up our sleeves and support Habitat for Humanity to help low-income families realize the dream of homeownership."
The volunteer effort will include hundreds of employees from Transamerica Retirement Services, Diversified, Transamerica Employee Benefits, Transamerica Retirement Management, Transamerica Stable Value Solutions, Clark Consulting and the Transamerica COLI/BOLI Service Center business units of the Employer Solutions and Pensions Division, which collectively serve over 34,000 employers and 3.4 million workers in the U.S.
Habitat for Humanity is a nonprofit organization that has built or improved more than 500,000 houses and served more than 2.5 million people around the world.
Participating Transamerica employees will gather at their respective build sites for a full day, helping either to transform existing properties or to build new quality, affordable homes in partnership with Habitat partner families. Transamerica employees' efforts help revitalize neighborhoods in the following cities:
· | Atlanta, Ga. |  |  | · | Greensboro, N.C. |
· | Baltimore, Md. | · | Harrison, N.Y. | ||
· | Boston, Mass. | · | Little Rock, Ark. | ||
· | Cedar Rapids, Iowa | · | Los Angeles, Calif. | ||
· | Charlotte, N.C. | · | Melville, N.Y. | ||
· | Chicago, Ill. | · | Twin Cities, Minn. | ||
· | Cincinnati, Ohio |
"I am proud to be part of a company so deeply committed to the communities," said Stig Nybo, president of Transamerica Retirement Services. "Coming together with my colleagues to help revitalize our neighborhoods and help people achieve home ownership is incredibly rewarding."
Once complete, each home will be sold to partner families at no profit and financed with affordable loans. Families are selected through an application process based on level of need, and a willingness to partner by investing "sweat equity."
For more information about Transamerica, visit www.Transamerica.com.
About Transamerica
The Transamerica companies offer a wide array of innovative financial services and products with a common purpose: to help individuals, families, and businesses build, protect and preserve their hard-earned assets. With more than a century of experience, we have built a solid reputation on solid management, sound decisions and consumer confidence. For more information, visit www.Transamerica.com.
About Habitat for Humanity International
Habitat for Humanity International is a global nonprofit Christian housing organization that seeks to put God's love into action by bringing people together to build homes, communities and hope. Since 1976, Habitat has served more than 500,000 families by welcoming people of all races, religions and nationalities to construct, rehabilitate or preserve homes; by advocating for fair and just housing policies; and by providing training and access to resources to help families improve their shelter conditions. For more information, to donate or to volunteer, please visit www.habitat.org, or follow us at www.facebook.com/habitat or at www.twitter.com/habitat_org or join Habitat's blog community at www.habitat.org/blog.
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Contacts:
Transamerica
Chip Scarinzi / Rebecca Andreassen, 415-222-9944
Chip.Scarinzi@Edelman.com
Rebecca.Andreassen@Edelman.com
