Habitat for Humanity, BofA Launch Sixth Global Build
Bank of America and Habitat for Humanity will kick off the sixth annual Global Build on Oct. 5th. The week-long initiative will support affordable housing and revitalization projects in vulnerable communities worldwide.
Since the first Global Build in 2014, Bank of America and its employees have worked with families to help them achieve homeownership or make critical home repairs.
“Access to affordable housing is one of the most limiting factors for families in every part of the world when it comes to economic stability,” said Julie Davis, vice president, corporate partnerships and cause marketing at Habitat for Humanity International. “That’s why global efforts like the one spearheaded each year by Bank of America make a real difference.”
In the United States, increased housing costs are outpacing growth in incomes for low- and moderate-income households. Property data provider ATTOM Data Solutions recently reported that 70% of Americans cannot afford a home in 70% of the country.
Over the course of the Global Build from Oct. 5-12, more than 2,800 volunteers from Bank of America will assist on projects across 108 communities in Australia, Canada, Hong Kong, India, Indonesia, Japan, Korea, Singapore, South Africa and the U.S.
“We recognize how essential affordable housing is for families in order to advance along the economic continuum,” said Kerry Sullivan, president of the Bank of America Charitable Foundation. “Our longstanding partnership with Habitat has been a demonstration of how capital deployed alongside employee volunteers can have exponential impact.”
Habitat and Bank of America have partnered for more than 30 years, with nearly $80 million in funding invested from the bank’s charitable foundation and 40,000 volunteer hours from employees annually.
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