First American Teams With Neighborhood Housing Services of Phoenix
—$30,000 Donation Will Help Fund Affordable Housing and Homebuyer Education Programs—
July 6, 2006, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced a new partnership with Neighborhood Housing Services of Phoenix (NHSP) under which First American will donate $30,000 to support NHSP’s ongoing efforts to create larger subdivisions of affordable and sustainable housing in under-served area communities through the Phoenix Housing Partnership, a collaborative effort between NHSP, the Local Initiative Support Corporation and the City of Phoenix. The partnership and contribution is part of a broader national alliance between First American and NeighborWorks®
“For more than 30 years, our organization has strived to educate individuals in the process of homeownership and to develop affordable housing for low- to moderate-income families,” said Patricia Garcia Duarte, executive director of NHSP. “We have found a great friend in First American who shares our vision of developing and revitalizing communities by helping families attain the American dream of homeownership, and we hope to continue our work together for many years to come.”
Since 2003, The First American Corporation and its subsidiary companies have led the settlement services industry in creating innovative programs to increase low-income and minority homeownership nationwide. Comprised of consumer-focused real estate financial literacy programs, training and seminars for real estate professionals, grants and investments in housing programs through trusted advocates like NHSP, and the hiring and training of First American staff to better service diverse communities, First American’s Emerging Markets Program was the first of its kind in the title insurance and settlement services industry.
“Strategic partnerships are vital to influencing real change in the communities we serve,” said Olivia “Oli”
Neighborhood Housing Services of Phoenix, Inc. is a 501(c)(3) nonprofit organization that provides a full range of programs and services to encourage, create and support homeownership for families in
A strategic community collaboration, Phoenix Housing Partnership (PHP) brings together substantial community resources to address the growing need for affordable housing. PHP intends to develop and revitalize communities that will improve the infrastructure of targeted low-to-moderate income neighborhoods and enhance the physical environment of principally low-to-moderate income areas. PHP’s goal is to add 75-100 affordable single-family homes in
Local Initiative Support Corporation (LISC) helps resident-led, community-based development organizations transform distressed communities and neighborhoods into healthy ones—good places to live, do business, work and raise families. By providing capital, technical expertise, training and information, LISC supports the development of local leadership and the creation of affordable housing; commercial, industrial and community facilities; businesses and jobs by helping neighbors build communities. More information can be found at www.lisc.org.
The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889, is