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MBA MEMBERS DONATE $70,000 AND VOLUNTEER FOR HABITAT FOR HUMANITY HURRICANE ANDREW PROJECT IN FLORIDA

 WASHINGTON, July 8 /PRNewswire/ -- Members of the Mortgage Bankers Association of America (MBA) have donated $70,000 to build two houses with Habitat for Humanity of Greater Miami in one of the communities devastated by Hurricane Andrew in South Dade County, Fla., Herbert B. Tasker, CMB, president of the MBA, today announced. Volunteers from the MBA of Miami will work with Habitat for Humanity of Greater Miami July 13-15 to begin building the three-bedroom, single-family, detached homes.
 "The tragedy that struck the citizens of South Florida has not been lost on our members and we are pleased that we can participate in some small way to help rebuild the communities that suffered so much in the path of Hurricane Andrew," said Tasker, chairman of All Pacific Mortgage Company in Concord, Calif. "Employees of 76 MBA-member companies donated money through MBA. MBA itself donated over $10,000 for the effort."
 Tasker said that MBA is an association of people and companies working to house people. "We thought it would be appropriate to coordinate our efforts in the relief effort thorough Habitat for Humanity, which has such an impressive record of housing people."
 Kevin McPeak, volunteer coordinator for Habitat for Humanity of Greater Miami, said the MBA-sponsored houses will be two of 41 homes to be built by the housing group in the Goulds Community of South Dade County. "The north wall of the eye of Hurricane Andrew passed right through the Goulds, Cutler Ridge and Perrine communities. It has been a tremendously difficult struggle for these residents and it will be years, if ever, before things return to normal." McPeak said it will take approximately 8 to 12 weeks to build the houses and that they should be ready for occupancy by mid-August.
 Willard Gourley Jr., chairman of the MBA's Affordable Housing Committee and a past MBA president, will represent the MBA in Florida for the building project. "This is a wonderful opportunity for the MBA and the MBA of Greater Miami to join forces in such a worthwhile cause," said Gourley.
 Robert L. Bonnet, senior vice president and chief lending officer for Consumers Savings Bank in Miami, will coordinate the volunteer effort for the MBA of Greater Miami. "Many of our members have expressed an interest in volunteering their time and talents to work on this project. The devastation that this area of Florida has endured is difficult to imagine. The road back is one house at a time, and I am proud that we can play some part in the rebuilding effort."
 MBA is the national association representing exclusively the real estate finance industry. Headquartered in Washington, the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand home ownership prospects through increased affordability; and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters excellence and technical know-how among real estate finance professionals through a wide range of educational programs and technical publications. Its membership of over 2,600 companies includes all elements of real estate finance: mortgage companies, savings and loan associations, commercial banks, savings banks, life insurance companies and others in the mortgage lending field.
 -0- 7/8/93
 /NOTE: To arrange interviews with Herb Tasker or Willard Gourley, contact MBA Public Affairs at 202-861-6565. Other key numbers are: Kevin McPeak, Habitat for Humanity of Greater Miami, 305-670-2224, and Robert L. Bonnet, Consumers Savings bank, 305-233-9600./
 /CONTACT: Pete Loomis, 202-861-6554; Kim Buermann, 202-861-6568; or Mike Schlerf, 202-861-1929, all of the Mortgage Bankers Association of America/


CO: Mortgage Bankers Association of America ST: Florida IN: FIN SU:

KD-TW -- DC017 -- 9600 07/08/93 15:24 EDT
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Date:Jul 8, 1993
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