NBA Cares and Home 123 join Habitat for Humanity to build home in partnership with family in need in Los Angeles
NBA players, Legends and volunteers to help construct house with Jacobo family
LOS ANGELES (May 13, 2006) – As part of NBA Cares continuing relationship with Habitat for Humanity International, the National Basketball Association and Home123 Corporation, a subsidiary of New Century Financial Corporation and one of America’s largest providers of home mortgage loans are joining Habitat to help change the lives of Maritza Jacobo and her three children, a local Los Angeles family. Members of the NBA Family, including the Golden State Warriors Baron Davis, the Phoenix Suns Tim Thomas and Los Angeles Clippers Head Coach Mike Dunleavy, joined volunteers from both organizations, the community and Maritza Jacobo work on a new home with the family. Additionally, the entire Jacobo family will be the guests of the NBA at Game 4 of the Western Conference Semifinals as the L.A. Clippers take on the Phoenix Suns at the Staples Center.
After completing their 500 hours of “sweat equity,” Maritza Jacobo and her three children Crystal (13), Clarissa (8), and Michael (2), will be able to move into their new home in Torrence, CA. Currently, the family is living in a garage-turned-apartment in a neighborhood plagued by gang violence and drugs. Through the NBA Cares initiative, this season members of the NBA Family have joined Habitat for Humanity volunteers to build several homes in partnership with families. During NBA All-Star 2006 in Houston, a number of NBA All-Stars and Legends participated in the building of two homes. The NBA also assisted with two builds that were part of the New Orleans/Oklahoma City Hornets “Hoops for Homes” program.
Habitat for Humanity assists families with a hand up, not a hand out by requiring Habitat homeowners to invest 500 hours of “sweat equity” to help build their home or the homes of others in the program, and repay a no-profit mortgage. Habitat strives to achieve its goal of eliminating poverty housing and making decent, affordable homes a reality for low-income families.
“Our relationship with Habitat for Humanity is an important one for NBA Cares, enabling our players and teams to assist families in need like Maritza Jacobo’s, and provide them with the opportunity to fulfill a dream of owning their own home,” said Kathy Behrens, SVP NBA Community and Player Programs.
“Habitat for Humanity values the commitment of both NBA Cares and Home 123 to improve lives of families in Greater Los Angeles,” said Erin Rank, President/CEO of Habitat for Humanity of Greater Los Angeles. “We are pleased to partner with these organizations on the construction of the Jacobo family home. Together, we are creating a positive, safe, environment for this family to thrive.”
“We are grateful to NBA Cares for helping Habitat build here in Los Angeles and along the Gulf Coast,” said Chris Clarke, senior vice president of Communications, Habitat for Humanity International. “The NBA and its partners are helping families in need achieve a simple, decent place to call home.”
“Home123 and New Century believe passionately in caring about the communities in which we live and work,” said Carl Vernon, President Consumer Direct, Home123 Corporation. “Our ongoing support of Habitat for Humanity reinforces our commitment to our communities to help deserving people achieve the dream of homeownership.”
Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in Americus, Ga., in 1976, Habitat has built more than 200,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for more than one million people. For more information, visit www.habitat.org.
Habitat for Humanity Greater Los Angeles
Habitat for Humanity of Greater Los Angeles serves 112 cities and unincorporated areas in Los Angeles County including 70 communities within the City of Los Angeles. Habitat Partner Families earn 25 to 50 percent of area median income. For Los Angeles County, that translates to as little as $13,750 / year for a family of four. Partner families must also meet the following requirements: demonstrated need for adequate shelter; ability to pay back a zero-interest loan; and willingness to partner with HFH GLA to invest 500 sweat equity hours into building their home. www.habitatla.org.
NBA Cares is the league's global community outreach initiative that builds on the NBA's long tradition of addressing important social issues. Over the next five years, the league, players and teams will raise and contribute $100 million for charity, donate more than 1 million hours of hands-on volunteer service to communities around the world, and build more than 100 places where kids and families can live, learn and play. NBA Cares works with internationally-recognized youth-serving programs that support education, youth and family development, and health-related causes including: UNICEF; Reading Is Fundamental; Habitat for Humanity; Boys and Girls Clubs of America; Charities Aid Foundation; Feed the Children, and many others.
Home123 Corporation is a subsidiary of New Century Financial Corporation and one of America’s premier providers of home mortgage loans. The company offers a broad range of mortgage products and provides service across the credit spectrum. Home123’s locally focused platform places loan origination, processing, underwriting and closing all at the local level. For more information and to find out if they qualify for a loan through Home123, customers should call 1-800-Home123 or visit www.Home123.com.