Bank of America Partners With Richmond Habitat to Rehabilitate Two Homes

Posted on by HabitatAdmin

Richmond Metropolitan Habitat for Humanity, in partnership with Bank of America, today completed two home rehabilitations in the greater Richmond area. A Dedication Ceremony for these homes was held on April 23, 2012.

The Bank of America Charitable Foundation donated $70,000 to complete the two rehabs, located in Henrico County and the City of Richmond in addition to bank employees volunteering their time. Richmond Metropolitan Habitat for Humanitycompleted a full renovation of each home using 135 volunteers dedicating over 1,640 hours of volunteer time.

Hassan Khamis and Khadija Nazir, refugees from the Sudan who came to the United States along with their three children to better their lives, will be purchasing the home in Henrico County. In the Sudan, Hassan and Khadija’s families primarily worked as farmers, and some family members are still in refugee camps. Hassan and Khadija are devoted to ensuring success for theirthree children, Khaldid (19 years old), Fatima (16 years old) and Mohamed (13 years old). They are proud of their scholastic achievements and want them to continue their education past high school. Khalid and Fatima both want to become pharmacists.

Before moving into their home, the family paid a high monthly rent to live in a small, rundown apartment where management was slow to make repairs. They are excited to own their own home, with more space and enough property to enjoy time outdoors.

William Coleman will be purchasing the home in the City of Richmond. Before moving into his home, he lived in very small studio apartment in an unsafe neighborhood. He has been extremely helpful to Richmond Metropolitan Habitat for Humanity by taking care of the landscaping at one of our multi-home neighborhoods, the Pillars at Oakmont as a part of his 350 “sweat equity” (or volunteer) hours needed to become a Habitat for Humanity homeowner.

“Bank of America is grateful that our employees had the opportunity to work with Habitat for Humanity to help these deservingfamiliesachieve the dream of homeownership,” said Gary Gore, Bank of America Richmond Market President. “Helping families own their own homes not only benefits the families themselves, but reflects our commitment to doing our part to strengthen local neighborhoods in the Richmond area.”

Through the generous partnership with Bank of America, Richmond Metropolitan Habitat for Humanity was able to rehabilitate these homes and sell them at an affordable price. The Khamis/Nazir Family and Mr. Coleman purchased their homes with a 0% interest mortgage and their monthly mortgage payments will be used to build more Habitat houses in the greater Richmond area.