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Habitat for Humanity and Bank of America Celebrate 20-Year Partnership Dedicate 100th Home Built Under McColl Project

CHARLOTTE, N.C. (Aug. 3, 2006) — Habitat for Humanity and Bank of America will celebrate their 20-year partnership by dedicating the milestone 100th house built under the McColl Habitat Project. Named for former chairman and CEO Hugh McColl Jr., Bank of America announced in 2001 a commitment to fund the building of 120 Habitat houses in the United States and an additional 100 houses internationally.

Fittingly, the project’s 100th home is in the same city as its first — Charlotte, N.C., where the bank is headquartered. The partnership between Bank of America and Habitat for Humanity began 20 years ago, when McColl’s commitment to Habitat turned the 2-year-old Jimmy Carter Work Project into a 14-house “blitz build” in Charlotte and the first worldwide House Raising Week, resulting in the construction of more than 250 homes.

“Habitat for Humanity International has been blessed by this partnership with Bank of America,” said Jonathan Reckford, CEO of Habitat for Humanity International. “By sponsoring 120 houses around the United States, Bank of America has enlisted the involvement of its banking centers with local Habitat affiliates. The volunteer hours and the local relationships that have been generated go far beyond their generous financial contribution.”

The “100th Bank of America Habitat House” will provide affordable housing to Nohora Martinez. Martinez moved from Colombia in 2002 and is currently working two jobs and living in an apartment in Charlotte. As required of all applicants to the Habitat program, Martinez will complete 250 hours of “sweat equity” at the work site before closing on her new home.

“At Bank of America, we truly value the dedication, compassion and will of the volunteers from our company, the Habitat for Humanity staff, and Mr. McColl — whose vision and leadership through the past 20 years have given hundreds of families a place to call home,” said Andrew Plepler, president, Bank of America Charitable Foundation. “Building affordable housing in partnership with deserving families is essential to building stronger, more secure families, and in turn securing stronger, healthier communities for the future.”

The contributions made by Bank of America have significantly helped Habitat approach another milestone that will be achieved later this summer, serving 700 families in Charlotte.

“It was an honor to be chosen as the site for the first 10 homes built by the employees of Bank of America under the McColl Project, and an equal honor to be chosen as the building site for the 100th home,” said Bert Green, executive director of Habitat for Humanity of Charlotte.

What began as a house sponsorship program has become an expanding and multifaceted partnership. Bank of America has donated roughly $10 million to Habitat for Humanity International since 2002. The corporation has given $600,000 to Operation Home Delivery, Habitat’s hurricane recovery project, and $200,000 to local affiliates to increase building capacity. In addition, during the past five years, more than 20,000 bank volunteers from across the country have participated in the building of Habitat for Humanity homes.

Bank of America Corporate Philanthropy
In 2005, the Bank of America Charitable Foundation embarked on an unprecedented $1.5 billion philanthropic goal over the next 10 years. The bank has announced it will donate $200 million in 2006. The bank approaches giving through a national strategy called “neighborhood excellence” under which it works with local leaders to identify and meet the most pressing needs of communities. Through Team Bank of America, bank associate volunteers contribute more than 650,000 hours each year to improve the quality of life in their communities nationwide. For more information about Bank of America Corporate Philanthropy, please visit www.bankofamerica.com/foundation .

About Habitat for Humanity of Charlotte
Habitat for Humanity of Charlotte is an independent, nonprofit, ecumenical Christian housing ministry that partners with people of all beliefs. Habitat for Humanity of Charlotte has been an affiliate of Habitat for Humanity International since 1983 and has built 695 homes.

About 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 1 million people. For more information, visit www.habitat.org .

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