Wednesday, July 30, 2008

GMAC Financial Services Provides Sponsorship, Volunteers to Help Cobb Habitat for Humanity Build Affordable Housing

PRNewswire/ -- Cobb Habitat for Humanity is getting a boost from GMAC Financial Services with volunteer help and house-funding. GMAC will provide a full sponsorship along with employee volunteers to build a home in Hillcrest East, Cobb Habitat's distinctive new-home community in Austell.

The new home will be for the Uhurebor family. Construction on the home began on July 24 and will continue until October. Each GMAC team member will work on the house 10 days over the next four months. GMAC Financial Services is represented in Atlanta by volunteers from GMAC Insurance and GMAC Auto Finance.

"We are grateful to GMAC for their donation that will help families locally and across the country have a simple, decent place to call home," said Don Martin, director of development, Cobb Habitat for Humanity.

GMAC's support will include funding to help build 12 Habitat homes in the United States, as well as additional homes in Canada and Mexico. More than 5000 GMAC employees will also join in efforts to build the homes this year.

"GMAC really values the philosophies behind Habitat for Humanity, and we're happy to contribute to their cause," said Wade Bontrager, vice president, marketing, GMAC Insurance. "We're eager to help make a significant, positive impact for a family right here in our own community."

Sponsorships have been awarded to Habitat affiliates in Atlanta; Charlotte, N.C.; Chicago; Dallas; Detroit; Jacksonville, Fla.; Minneapolis; New York City; Philadelphia; Costa Mesa, Calif.; Waterloo, Iowa; Winston- Salem, N.C.; Toronto; Mexico City; and Monterrey, Mexico.

"Our long-standing partnership with GMAC has helped provide the resources needed to build affordable housing with hundreds of families," said Jonathan Reckford, CEO of Habitat for Humanity International. "We are excited to have GMAC's support once again as we embark on another year of working together to make the dream of homeownership a reality for many families."

For more than 15 years, the financial and volunteer support offered by GMAC and its subsidiaries has helped Habitat build and rehabilitate hundreds of homes. Additionally, GMAC supports financial literacy and homeownership through several initiatives including foreclosure prevention programs via GMAC ResCap's Keychain Alliance and the Homeownership Preservation Foundation, and financial literacy via GMAC SmartEdge, a program designed to educate consumers in the areas of credit, budget, banking, vehicle and home financing, and insurance. For more information on financial literacy go to www.SmartEdgebyGMAC.com

Cobb Habitat is currently building 51 homes in Hillcrest East and welcomes additional volunteers, funding and support.

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