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Habitat for Humanity and Realty Income Build Homes for San Diego Families

Dec 09, 2015 05:31PM ● Published by Paul Spear

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Habitat for Humanity and Realty Income Build Homes for San Diego Families

Major donation and volunteer effort makes the dream of homeownership a reality

 

EL CAJON, CA – San Diego Habitat for Humanity (SDHFH) and Realty Income Corporation (Realty Income, NYSE: O) came together yesterday to build better life stories for local hardworking families in need.

 

Realty Income is one of only four S&P 500 companies headquartered in San Diego.  The company is dedicated to providing shareholders with dependable monthly dividends that are supported by the cash flow from approximately 4,500 real estate properties owned under long-term lease agreements with regional and national commercial tenants. 

 

Realty Income believes giving back is an extension of its mission to improve the lives of its shareholders, its employees, and their families.  As such, Realty Income has a Corporate Social Responsibility Program which reflects its strong commitment to being a responsible corporate citizen and taking an active role in the betterment of the communities in which its employees and shareholders live and work.  Yesterday’s activities were a part of Realty Income’s continued philanthropic efforts.

 

 

The partnership with SDHFH includes a donation of $125,000 and the hard work of 120 employee volunteers, including Chief Executive Officer of Realty Income, John P. Case, who helped install siding, roofing, permeable pavers, paint, plant landscaping, and build fencing at the final two homes of Habitat’s Foundation Lane Community in El Cajon.  In addition to the financial donation that will help purchase homebuilding materials, Realty Income surprised six SDHFH partner families with gift cards for use to purchase furnishings for their new homes.  

 

This donation places Realty Income as SDHFH’s second largest sponsor this year.

 

“Through our Corporate Social Responsibility Program, we are pleased to work with San Diego Habitat for Humanity and honored to support the partner families,” said John P. Case, CEO of Realty Income. “We have had a significant presence in San Diego County since our company’s founding in 1969 and it is important to us to continue to impact our local community positively. The mission of Habitat for Humanity aligns well with the purpose of our charitable giving programs this year.” 

 

To qualify for a sponsored Habitat for Humanity home, families must earn between 50 percent and 80 percent of the Area Median Income (AMI), or about $64,000 for a family of four.  They also must meet specific criteria, including the need for improved housing, the ability to pay an affordable mortgage, and a willingness to partner with Habitat for Humanity throughout the process – instead of paying a cash down payment, families provide 250 hours of sweat equity per adult family member, helping to build their own homes and the homes of other partner families.

“Working alongside partner families, volunteers and generous sponsors, Habitat for Humanity builds modest, safe, affordable housing for local families in need,” said Lori Holt Pfeiler, president and CEO at San Diego Habitat for Humanity.  “This mission is possible because of the financial and volunteer support of generous and community-minded companies like Realty Income, and we are so grateful for the partnership.”

 

About San Diego Habitat for Humanity (SDHFH)

San Diego Habitat for Humanity Inc. (SDHFH), the local affiliate of Habitat for Humanity International, is a nonprofit organization that builds simple, decent and affordable homes for ownership by local families in need.  Habitat partner families are selected on the basis of housing need, willingness to partner with Habitat and ability to repay an affordable mortgage loan.

 

Habitat for Humanity exists through volunteer labor and contributions of money, land and materials, including purchases and donations to the ReStore, SDHFH’s discount home improvement retail center. For more information, visit www.sdhfh.org or call 619-283-HOME (4663).

 

About Realty Income

Realty Income, also known as The Monthly Dividend Company®, is an S&P 500 company headquartered in San Diego, CA.  The company is dedicated to providing shareholders with dependable monthly dividends that are supported by the cash flow from approximately 4,500 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 545 consecutive common stock monthly dividends throughout its 46-year operating history and increased the dividend 82 times since Realty Income's public listing in 1994 (NYSE: O). The company has in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology, and capital markets capabilities.  Additional information about the company can be obtained from the corporate website atwww.realtyincome.com.

 

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