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Habitat for Humanity, Realtors® Building Annual Convention House

Habitat for Humanity, Realtors® Help San Francisco Family Realize Dream of Homeownership
California build raises awareness of state’s affordable housing woes

AMERICUS, Ga., Nov. 5, 2003—Today, another American family will begin to enjoy the benefits of homeownership as Habitat for Humanity International and the National Association of Realtors® (NAR) present keys to the owners of a new Habitat house in the Bayview-Hunter’s Point area of San Francisco.

The partnership of Habitat for Humanity San Francisco, members of NAR, the California Association of Realtors® and the San Francisco Association of Realtors®, will dedicate the new home during a ceremony that officially kicks off the Realtors® Annual Conference & Expo in San Francisco, Nov. 7-10.

“This new home is a great example of what we can accomplish though strong, effective partnerships,” said Bruce Peterson, regional director, western states, Habitat for Humanity International. “As we work together with NAR to help families gain access to affordable housing, it is these kinds of efforts that will enable us to improve lives.”

Recognizing the need for affordable housing in California, Habitat for Humanity has worked with low- and moderate-income families, corporations and community leaders to build more than 1,000 homes throughout the state. Over the past three years, Habitat has built more than 100 homes in the San Francisco Bay area alone.

One of the most expensive housing markets in the nation, the median price of a home in California is $560,200, compared to $168,900 nationwide, making it virtually impossible for low-income families to realize the dream of homeownership.

As a Habitat national partner, NAR helps raise public awareness of the need for affordable housing by encouraging NAR members to help build homes around the nation. Realtors® are committed to build a Habitat for Humanity home every year in the host city for NAR’s annual convention. NAR sponsors the Habitat home with funds raised from a small portion of the conference registration fees. In the past two years, NAR has built Habitat homes in the convention cities of Chicago and New Orleans.

“Realtors® are dedicated to helping every family achieve the American dream of homeownership. Thanks to Habitat for Humanity and every Realtor® attending this convention, we’re proud to make that dream come true for the Pita family of San Francisco,” said NAR President Cathy Whatley.

NAR is also a national underwriter of Habitat for Humanity International’s Congress Building America program, a partnership between HFHI, Congress and national corporate and non-profit sponsors. The goal of the program is to strengthen neighborhoods and communities by bringing members of Congress and government and private enterprises together with Habitat partner families, volunteers and local sponsors to build simple, decent and affordable homes.

Habitat for Humanity International is a Christian ministry dedicated to eliminating poverty housing. Founded in 1976 by Millard Fuller, along with his wife, Linda, Habitat for Humanity International and its affiliates in more than 3,000 communities in 89 nations have built and sold more than 150,000 homes to partner families with no-profit, zero-interest mortgages. For more information about Habitat for Humanity International, please visit the Web site at www.habitat.org.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 950,000 members involved in all aspects of the residential and commercial real estate industries. Information about NAR is available at http://www.realtor.org. This and other press releases are posted in the Web site’s “News Release” section.