Executive - Press Release

Posted on: June 17, 2015

Bank of America and Habitat for Humanity of New Castle County Provide First Modular-Built Home

Newark, Del. – Habitat for Humanity of New Castle County, in partnership with Bank of America and New Castle County, announced the completion of the latest home to be dedicated to its next homeowner.

Mawupe Typamm and his family will move into a brand new, three bedroom, ranch-style home in a quiet subdivision off Route 40 – a far cry from the cramped, two bedroom apartment in which his family has been living.

“I am giving praise to the Lord,” said Typamm, a native of Africa who moved to the United States in search of a better life for his family.

Kevin L. Smith, CEO of Habitat NCC, said home dedications are typically moving experiences for all who attend.

“There are two things that make this particular dedication extra special,” he said. “This day was made possible through the generous support of sponsors like Bank of America and New Castle County, and the fact that this was the first modular home Habitat has ever built.”

Beracah Homes, a modular-home construction company specializing in custom-designed homes, built the 1,456 square-foot home inside its southern Kent County warehouse and transported the structure more than 60 miles from its Greenwood, DE facility to the site on Danbury Drive in Newark.

“Habitat is a volunteer organization whose mission is to bring people together to build homes, communities and hope,” said Michael Synczyszyn, Habitat’s Director of Construction Operations. “We just want to be a good steward of the dollars the community gives us and to serve as many families as possible. [Building modular homes] is another way for us to accomplish this part of our mission.”

“This is an investment in the community and helps Habitat for Humanity NCC to provide affordable housing to deserving families,” said Chip Rossi, Delaware market president, Bank of America. “These property donations will not only help families like the Typamm’s realize the American Dream of owning a home, but will also help revitalize neighborhoods and provide financial education and coaching for future homeowners.”

New Castle County Executive Tom Gordon says providing affordable housing options is a key element to stabilizing communities impacted by rising foreclosure rates and depressed property values.

“New Castle County is proud to work with wonderful agencies like Habitat for Humanity of New Castle County and community leaders like Bank of America in making the dream of homeownership a reality for this family,” County Executive Gordon said. “Real estate is one of the fundamental ways that we begin to rebuild the middle class in this country.”

For more information on partnering or volunteering with Habitat for Humanity of New Castle County, please visit www.habitatncc.org.

WHEN
Friday, June 19, 2015
noon – 1 p.m.
Media may arrive at 11:30 am. before ceremony for set up

WHO
Kevin L. Smith, CEO, Habitat for Humanity of New Castle County
Mawupe Typamm, Habitat Home Recipient
Randy Kunkle, Enterprise Business & Community Engagement, Bank of America
David Grimaldi, Chief Administrative Officer for New Castle County
David Tackett, New Castle County Councilman, District 11

About Habitat for Humanity of New Castle County
Habitat for Humanity of New Castle County has been building affordable housing with low-income families since 1986. Since our inception, we have built more than 200 homes in areas throughout New Castle County including the City of Wilmington, Middletown, Newark, New Castle, and St. Georges. As a local affiliate of Habitat for Humanity International, we are among the top three largest affiliates in the Northeast (of over 210 affiliates from DE to Maine) in terms of home construction. Through our unique approach, we help low-income families break the cycle of poverty through the stability and empowerment gained through homeownership.

About Habitat for Humanity International
Habitat for Humanity International’s vision is a world where everyone has a decent place to live. Anchored by the conviction that housing provides a path out of poverty, since 1976 Habitat has helped more than 5 million people through home construction, rehabilitation and repairs and by increasing access to improved shelter through products and services. Habitat also advocates to improve access to decent and affordable shelter and offers a variety of housing support services that enable families with limited means to make needed improvements on their homes as their time and resources allow. As a nonprofit Christian housing organization, Habitat works in more than 70 countries and welcomes people of all races, religions and nationalities to partner in its mission. To learn more, donate or volunteer, visit habitat.org.

About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail financial centers and approximately 15,900 ATMs and award-winning online banking with 31 million active users and approximately 17 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. For more Bank of America news, visit the Bank of America newsroom.

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