PMI Group A ‘More Than Houses’ Cornerstone Partner
Habitat for Humanity International Names The PMI Group As Cornerstone Partner In 'More Than Houses' Campaign
AMERICUS, Ga., Sept. 25, 2002- The PMI Group Inc. (NYSE: PMI) has been named a Cornerstone Partner by Habitat for Humanity International in the "More Than Houses: Rebuilding Our Communities" capital campaign to raise $500 million by 2005. "More Than Houses" funding is dedicated to building 100,000 Habitat houses by the end of 2005, equal to the number of houses built by Habitat for Humanity in its first 26 years.
"PMI is committed to creating homeownership opportunities that put families into a home of their own," said Chairman and CEO of the PMI Group Roger Haughton, who has participated in numerous Habitat for Humanity builds. "Our work with Habitat for Humanity International's More Than Houses will help further this goal."
PMI Group Inc., which through its subsidiaries, is one of the largest providers of private mortgage insurance and other mortgage-credit enhancements in the United States, Australia, New Zealand, Hong Kong and throughout Europe, became a Cornerstone Partner in the More Than Houses campaign as part of its continuing support for Habitat for Humanity International. Since 1993, PMI has contributed financial resources and volunteer labor to Habitat for Humanity building projects in cities, such as Houston, Concord, Calif., Seattle, Fort Wayne, Ind., Atlanta, San Francisco and Belfast, Northern Ireland. PMI Group also has supported Jimmy Carter Work Projects in 1994 and 1995, sending its employee volunteers to build Habitat houses in Eagle Butte, S.D., and in the Los Angeles area.
"PMI Group's generous commitment to the More Than Houses campaign demonstratestheir sincere interest in providing safe and affordable homes to families," said Millard Fuller, founder and president of Habitat for Humanity International.
"We are profoundly grateful for their support and commitment. Such a generous pledge is an example of corporate America at its very best. Habitat for Humanity International is proud of our partnership with PMI."
The More Than Houses campaign, based at Habitat for Humanity International (HFHI) headquarters in Americus, Ga., has a "field" presence at various affiliates throughout the United States, the United Kingdom, South Africa, Latin America and the Pacific region. Habitat for Humanity International's board of directors initiated the campaign, and Jack Kemp, former secretary for the U.S. Department of Housing and Urban Development, as well as a Habitat for Humanity board member and volunteer, serves as campaign chairman.
For more information about Habitat for Humanity International and "More Than Houses: Rebuilding Our Communities", log on to http://www.habitat.org.
The PMI Group, Inc. is headquartered in Walnut Creek, Calif. Through its subsidiaries PMI is one of the largest private mortgage insurers in the United States, Australia, New Zealand and the European Union as well as the largest mortgage guaranty reinsurer in Hong Kong. PMI is a leader in mortgage risk management technology providing various products and services for the home mortgage finance industry as well as title insurance.
Habitat for Humanity International is an ecumenical Christian ministry dedicated to eliminating poverty housing. Founded by Millard Fuller, along with his wife, Linda, Habitat for Humanity International and its affiliates in more than 3,000 communities in 83 nations have built and sold more than 125,000 homes to partner families with no-profit, zero-interest mortgages.