SAN FRANCISCO, Dec 12, 2001 (BUSINESS WIRE) --
2002 National NeighborWorks Week(R) Key Cities Also Announced The Washington Mutual Foundation
today announced $1.6 million in combined support for National NeighborWorks(R)
Week 2002 and scholarship support for participants attending Neighborhood
Reinvestment Training Institutes, two affordable housing initiatives spearheaded
by the Neighborhood Reinvestment Corporation.
"Supporting affordable housing efforts is a corporate priority for Washington
Mutual," said Antonio Manning, community relations vice president for Washington
Mutual who announced the funding at the Training Institute in San Francisco
today, along with Ellen Lazar, executive director of the Neighborhood
Reinvestment Corporation. "We understand the importance of having a safe and
affordable place to call home."
"Washington Mutual has shown great foresight in establishing an educational
endowment for people who are dedicated to creating positive community change,"
said Lazar. "And through the financial support and the hands-on efforts of
hundreds of Washington Mutual employees who roll up their sleeves for National
NeighborWorks(R) Week, this partnership is making a real difference in
communities across America."
National NeighborWorks(R) Week, an annual campaign to restore homes and
revitalize neighborhoods, will take place June 1 - 8, 2002, with activities in
hundreds of communities across the nation including major events in 12 cities:
Seattle Inglewood, CA Houston East Orange, NJ
Oakland, CA Los Angeles Boston Atlanta
Sacramento Chicago New York West Palm Beach, FL
Last year, with Washington Mutual's financial and employee volunteer support as
the first ever national sponsor of National NeighborWorks(R) Week, an estimated
22,000 families were assisted and 3,500 homes were improved, making it the most
widespread housing and community revitalization campaign in the event's 18-year
In addition to sponsoring National NeighborWorks(R) Week, Washington Mutual is
the first corporation to endow a scholarship program for the Neighborhood
Reinvestment Corporation's Training Institutes, the premier training program for
community development and affordable housing practitioners. The scholarship
endowment provides opportunities for staff of community-based organizations, who
might not otherwise be able to attend. The Washington Mutual scholarship
recipients attending the San Francisco Training Institute are:
Richard Fernandez, Chicanas Por La Causa, Phoenix
Arturo Portillo, Chicanas Por La Causa, Phoenix
Linda Leung, Chinatown Community Development Corporation, San
Monica Mejia, Chinatown Community Development Corporation, San
Larry Taylor, Oakland Community Development Corporation Ninoska
Hernandez, Los Angeles Neighborhood Housing Services April
Nopar, Los Angeles Neighborhood Housing Services Roy Watson,
Los Angeles Neighborhood Housing Services Sandra Speed, West
Angeles Community Development Corporation, Los
Following San Francisco, the next Training Institute will be offered February 18
- 22, 2002 in Atlanta. For more information, including scholarship
opportunities, call the Training Institute at 800/438-5547 or go to
The grants for National NeighborWorks(R) Week and Training Institute
scholarships bring Washington Mutual's total cash investment in the Neighborhood
Reinvestment Corporation to nearly $3 million since last year and is part of the
company's annual multi-million dollar commitment to affordable housing.
About Neighborhood Reinvestment Corporation
Neighborhood Reinvestment Corporation, a national nonprofit, was created in 1978
by an act of Congress to revitalize America's older, distressed communities by
establishing and supporting a national network of local nonprofit organizations
collectively known as the NeighborWorks network.
These community-based organizations are known locally by many different names,
most typically Neighborhood Housing Services (NHS) or Mutual Housing Association
(MHA). Last year alone, the 235 member organizations generated nearly $1.5
billion in direct community reinvestment.
Further information on the Neighborhood Reinvestment Corporation and its
affiliated NeighborWorks network is available at www.nw.org.
Washington Mutual's Ongoing Commitment to Communities,
This year, Washington Mutual has committed $50 million to communities across the
country including grants, sponsorships, in-kind support and other assistance.
Nearly half of the company's charitable giving is dedicated to supporting
affordable housing initiatives.
Additionally, in September 2001, Washington Mutual announced the largest-ever
community lending commitment of $375 billion - more than tripling its original
$120 billion lending commitment made in 1998 - which will benefit low- to
moderate-income communities across the country over the next ten years.
Washington Mutual complements its financial support with hands on involvement in
the community through its employee volunteer program called CAN! Committed
Active Neighbors. Last year, 15,000 Washington Mutual employees volunteered more
than 175,000 hours in their local communities helping with more than 2,000
About Washington Mutual
With a history dating back to 1889, Washington Mutual is a national financial
services company that provides a diversified line of products and services to
consumers and small- to mid-sized businesses. At Sept. 30, 2001, Washington
Mutual and its subsidiaries had consolidated assets of $223.64 billion.
Washington Mutual currently operates approximately 2,300 consumer banking,
mortgage lending, commercial banking, consumer finance and financial services
offices throughout the nation. Washington Mutual's press releases are available
CONTACT: Washington Mutual
Laura Jones, 206/377-2153
Neighborhood Reinvestment Corporation
Debra Daniels, 202/220-2354
John Leonard, 202/220-2356
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