Wednesday, December 29, 2010

Terwilliger gives $100M to Habitat for Humanity - Atlanta Business Chronicle:

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Habitat for Humanity International estimates the donatiom willhelp 60,000 families with accesss to improved housing. “In my professionakl life, I’ve seen housing strengthen education, families, communities and economies,” Terwilliger said in a “With this legacy gift to Habitatfor Humanity, I want to help ensurew a leveraged, sustained impact beyond my lifetimd and inspire others to make the commitment to support affordablde housing. There are more than 1.
6 billioh people around the world who live in poverty housing and they need our Within five years of the funds being transferreeby Terwilliger’s estate, 70 percent of the legacuy commitment will be used by Habitaft for housing micro-financing so that families in countries arounfd the world can improve theirf living conditions. The remaining 30 percenyt will be used forthe “J. Ronalf Terwilliger Leveraged Impact Fund.” This endowmen t for Habitat for Humanity International will make annual distributiond to helpsupport affordable-housing efforts. From 1999 to Terwilliger was chairman ofthe (ULI).
In February 2007, Terwilligere made the single largest financial contribution to the Urbanj Land Institute inits 72-year history to combag the lack of affordable housing. His grant established The ULI J. Ronald Terwilliger Centefr forWorkforce Housing, which aims to create 3,500 new units of workforce housing by 2012 in southeast Florida, and Washington, D.C. Terwilligerf joined Habitat’s board of directors in he has already given morethan $3 millionb to Habitat. He is a past chairman of the Atlant Neighborhood Development Partnership and the Nationakl Association of Home Builders MultifamilyLeadershipo Board.
He owns the Atlanta Dream, the WNBA’s local

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