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By Don Mitchell / Nov 2, 2016

Transamerica Sponsors Its First Habitat for Humanity Full-Home Build

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Transamerica is taking its partnership with Habitat for Humanity® to new heights: For the first time, we’re helping fund and build a home from start to finish.

During the past five years, hundreds of Transamerica employees have volunteered countless hours to help transform existing properties or build new, affordable homes for families across the U.S.

Based on the success of the Habitat partnership program nationwide, Transamerica has decided to sponsor a full-home build in the Denver area.

It’s all part of Transamerica’s mission to help families improve their overall well-being so they can live well and achieve a lifetime of financial security.

“Compelling scientific evidence indicates that living long and living well is most realistic for those who are socially engaged, adopt healthy living behaviors, and are able to build financial security,” according to the Stanford Center on Longevity Sightlines Project.

Think of it as making a connection between health and wealth.

“Having a safe, comfortable, and affordable place to call home is a key component in overall well-being and long-term financial security,” said Blake Bostwick, Transamerica’s chief operations officer. “We are honored to partner with Habitat for Humanity on this full-home build.”

Late last month, the “Transamerica House” broke ground on the Habitat for Humanity of Metro Denver’s College View property. Francis and Schola, a couple from Africa, will move into the four-bedroom home with their 18-month-old daughter and newborn son after construction is finished in February.

Schola’s mother and Francis’ cousin will also live in the house, which will sit in a neighborhood of 16 new Habitat homes in southwest Denver.

The family came to the U.S. three years ago from the Democratic Republic of Congo, where citizens have suffered through civil war and political corruption.

They have been living in a cramped, two-bedroom apartment in Denver that doesn’t heat well during the winter. Insects have also been a problem.

Francis and Schola, who are nurses at Denver-area hospitals, are thrilled to be realizing the American dream. They applied to get a Habitat home in November 2015 and have eagerly awaited construction since learning they were selected in May.

A common misconception about Habitat for Humanity homes is they are given to their owners. That’s not true. Habitat’s programs provide families a hand up, not a handout.

Francis and Schola will each invest 200 hours of sweat equity to help build their home, and when it’s finished, they will start paying on a 30-year, interest-free mortgage.

“We are so lucky because we don’t have to put any money down, and there is no interest on the loan,” Francis said. “This will help us save a lot of money for our children’s college and for our retirement.”

The house will be built thanks in part to Transamerica Denver employees who are anticipated to volunteer around 1,250 hours to the project.

“We feel grateful that Transamerica is helping us build our home,” Francis said. “Thank you very much.” 

While Denver is the only full-home build Transamerica has participated in to date, it’s not the only Habitat project deserving attention. This year alone, Transamerica employees have volunteered on builds in:

  • St. Petersburg, Florida
  • Cedar Rapids, Iowa
  • Los Angeles, California
  • Little Rock, Arkansas
  • Plano, Texas
  • Baltimore, Maryland
  • Memphis, Tennessee

Learn how you can volunteer on a Habitat for Humanity project in your community.

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