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LI realtors form new organization.

The Long Island Board of Realtors (LIBOR) announced, that through its Affordable Housing Committee, it has endorsed a project entitled Habitat for Humanity to help build a house for a low-income family here on Long Island.

Habitat for Humanity is a not-for-profit organization concerned with providing decent housing for people in need. The organization raises money, recruits personnel, and constructs inexpensive but sturdy homes for responsible low-income working families. Habitat helps these families purchase the houses at cost and provides other supportive services.

Land is either donated or purchased by Habitat for future homesites. Building materials, machinery, tools, labor, and services are also donated or purchased. Families are selected who participate in the house design and the actual construction.

Upon completion the house is sold to the family at cost. Usually a 20 year mortgage is provided at no interest. Payments that are received are used to provide houses for other families. No government funding is involved.

LIBOR and Habitat for Humanity need $40,000 to execute this altruistic goal. In order to see this come to fruition, LIBOR is asking each and every one of its nearly 10,000 members to donate $4.00. If every LIBOR member makes a vow to assist in this project, we can help a family get a start.

Volunteers of all types are needed to help complete the Habitat for Humanity/LIBOR mission. Both financial and labor contributions are needed urgently. Anyone interested in volunteering can call (516) 821-5639.

This year Habitat for Humanity will complete its 25,000th house worldwide. Former President Jimmy Carter and wife Rosalynn serve as Habitat for Humanity's most famous volunteers. Former HUD Secretary Jack Kemp is also on the international board of directors.

The Long Island Board of Realtors (LIBOR), the voice for real estate, is a 10,000 member trade association serving Queens, Nassau, and Suffolk counties.
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Title Annotation:Long Island Board of Realtors forms Affordable Housing Committee in affiliation with Habitat for Humanity to raise funds for construction of low-income family housing
Publication:Real Estate Weekly
Date:Sep 15, 1993
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