ADVISORY/Washington Mutual Bank Raises the Walls to Benefit Habitat for Humanity.--(BUSINESS WIRE)-- Photo Opportunity Employee volunteers begin construction on four Watts homes, made possible by largest corporate gift to Habitat in California What: Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. and Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. partner up today to begin construction of four new homes in Watts. Seventy Washington Mutual employee volunteers, local public officials and Habitat families will raise the framed walls (like at a barn raising) to commence 15 weeks of construction. Who: -- County Supervisor Yvonne Brathwaite Burke -- State Assemblyman as·sem·bly·man n. A man who is a member of a legislative assembly. assemblyman Noun pl -men a member of a legislative assembly Noun 1. Carl Washington Carl Edward Washington (born December 18, 1978) is an American actor, writer, producer. Also sometimes credited as Carl Washington Jr. Early life He was born in Los Angeles, California in the Hollywood area. He attended and graduated Westchester High School in June of 1997. Jr. -- Brad Blackwell, Senior Vice President, Residential Lending, Washington Mutual -- Eleanor Williams, Chairman of the Board, Habitat for Humanity -- Washington Mutual volunteers -- Habitat homeowners When: Saturday, Sept. 26, 1998 10:30 a.m. Where: Corner of 96th Street & Parmalee Avenue Exit the 105 Freeway at Central Go North to 96th Street and turn right Background: Washington Mutual Bank entered California with the promise to be a good neighbor. The unprecedented corporate gift of $294,000 to Habitat for Humanity-Los Angeles fulfills that promise and helps four Watts families. The grant is part of the bank's community reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. commitment to low- and moderate-income neighborhoods throughout its service territory. Washington Mutual has pledged $120 billion over 10 years, beginning in 1999, through its CRA See Community Reinvestment Act. program. It is the largest CRA pledge, relative to total assets, ever undertaken by a U.S. bank Habitat for Humanity works in partnership with the community to build simple, decent, affordable homes. Using volunteer labor, Habitat works with low-income families to help them become first-time homeowners. Habitat for Humanity, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is one of 1,400 international affiliates, which has built in total more than 65,000 houses around the world. |
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