HSBC and Rebuilding Together Announce New $725,000 Partnership to Rehab and Repair Homes
Article type: Press Release
WASHINGTON, August 17, 2007 – During the week of the year that many Americans devote to summer vacation, employees of HSBC-North America will be volunteering to fix up and repair community centers and the homes of needy families.
The company’s work between August 22 through August 31 is the first initiative of a new $725,000 partnership the financial services company announced today with Rebuilding Together, the nation’s largest non-profit organization dedicated to the rehabilitation of homes for low-income families and others in need.
“Through our new partnership, HSBC and Rebuilding Together will help preserve homeownership, make neighborhoods stronger and create opportunities for more Americans to pursue their dreams,” said Gary Officer, president and CEO of Washington D.C.- based Rebuilding Together.
The end-of-the-summer program is part of HSBC-North America’s “Power of 8500” volunteer effort among its HFC and Beneficial branches. Throughout the last 10 days in August, about 8,500 branch employees from this business group will support their local communities through service projects.
“HSBC supports the communities in which it operates through the engagement of its employees and financial contributions in support of their efforts,” said Kathryn Madison, managing director of HFC and Beneficial’s Branch Retail Operations. “Rebuilding Together is a perfect partner for HSBC, as we are devoted to promoting strong neighborhoods and preserving homeownership in America, and so is Rebuilding Together.”
Over the course of 10 days, HSBC employees will contribute more than 68, 000 hours to community volunteer activities.
Through 225 local affiliates, Rebuilding Together provides home repairs free of charge to those in need. With the support of local and national businesses, more than a quarter of a million Rebuilding Together volunteers rehab 10,000 homes every year. The market value of the organization’s work exceeds $100 million annually.
“In addition to Rebuilding Together’s core home repair work, the non-profit has initiatives for safe and healthy homes, community centers, energy efficiency, veteran housing and disaster relief and recovery,” said Kathryn Madison, managing director of HFC and Beneficial’s Branch Retail Operations. “The scope of its efforts and the passion of its affiliates give our employees extraordinary opportunities to make a tangible impact in the places where they live and work.”
To find out more about the Rebuilding Together go to www.RebuildingTogether.org or call 1-800-473-4229.
About Rebuilding Together
Rebuilding Together is America's largest volunteer-based home-repair organization bringing volunteers and communities together to improve the homes and lives of homeowners in need. The nonprofit has 225 affiliates, mobilizes approximately 270,000 volunteers and renovates more than 9,000 homes per year. Rebuilding Together is celebrating the rehabilitation of its 100,000th home this year. For details, see www.rebuildingtogether.org or call 1-800-REHAB-9.
About HSBC - North America
HSBC – North America comprises all of HSBC's U.S. and Canadian businesses, including the former Household International businesses. The company’s businesses serve nearly 60 million customers in five key areas: personal financial services, consumer finance, commercial banking, private banking and corporate investment banking and markets. Financial products and services are offered under the HSBC, HFC and Beneficial brands. For more information, visit www.hsbcusa.com.