WASHINGTON, DC – November 17, 2011 – (RealEstateRama) — ABA Housing Partners Foundation and Texas Bankers Association are celebrating a successful partnership that has resulted in a new home for Lorena Magdaleno and her four daughters in San Antonio. To commemorate the occasion, Habitat for Humanity of San Antonio will host a home dedication for the Magdaleno’s and 25 other families on Saturday, Nov. 19.
This home build was made possible by generous contributions from the Federal Home Loan Bank of Dallas and these San Antonio banks: Broadway Bank, Frost Bank, IBC – San Antonio, Jefferson Bank, and USAA. In addition, the Foundation received donations from banks across the country.
“We are pleased to receive the support of so many banks,” said Laura Fisher, president of the ABA Housing Partners Foundation. “Our members are helping deserving families, like the Magdalenos, achieve the dream of homeownership. With continuing support and commitment, we plan to build many more in the future.”
The home was built in Coleman Ridge, a new development that will be composed entirely of Habitat homes and include a newly constructed elementary school.
The build in San Antonio was the foundation’s eleventh. The previous ten homes were built in New Orleans, San Francisco, Las Vegas, Washington, Orlando, Fla., San Diego, Chicago and Boston. Overall, ABA members have contributed $1.9 million and dedicated more than 5,000 volunteer hours.
The foundation’s mission is to promote and provide affordable housing in all communities, specifically those cities that host ABA’s Annual Convention. Supported entirely by donations, the foundation has been making a difference for 20 years.
Learn more about the ABA Housing Partners Foundation and make your contribution by visiting the website at aba.com/HousingPartners.
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its two million employees. The Association also promotes financial literacy to help Americans make informed financial decisions. Learn more at aba.com.
# # #
Note to editors: Click here for photo #1 of the home build. From left: Julie Cripe, president and CEO, Omnibank; Frank Keating, president and CEO, American Bankers Association; Lorena Magdaleno; Cathy Keating, chairman, ABA Housing Partners Foundation. Click here for photo #2 of the home build. From left: Former ABA Chairman Stephen Wilson, chairman and CEO of LCNB National Bank, Lorena Magdaleno
ABA Media Contact: Sarah Grano
TBA Media Contact: Jocelyn Carby