Search
 

Housing, Mortgage Finance Industry Pledges $25 million to Terrorist Victims

WASHINGTON, DC-Fannie Mae, Freddie Mac, the National Association of Home Builders, the National Association of Realtors, Mortgage Bankers Association of America, the National Multi Housing Council, the Independent Community Bankers of America, and the Homeownership Alliance are the groups that have combined; saying the $25 million is a minimum.

By Marlon Millner | Updated on September 20, 2001

WASHINGTON, DC-A group of industry leaders and associations in the housing and mortgage finance arena have pledged a minimum of $25 million to aid victims and their families who suffered in the terrorist attacks in New York City, Pennsylvania and at the Pentagon on Sept. 11.

The coalition includes Fannie Mae and Freddie Mac. The list also has several associations: the National Association of Home Builders, the National Association of Realtors, Mortgage Bankers Association of America, the National Multi Housing Council, the Independent Community Bankers of America, and the Homeownership Alliance are the groups that have combined, saying the $25 million is a minimum.

Shawn Flaherty, a spokeswoman for Freddie Mac, told GlobeSt.com the huge multifamily and residential mortgage company would donate at least $10 million to various charities and agencies that are assisting victims and their families. Flaherty said that Fannie Mae is also donating $10 million. Those numbers could increase because at least Freddie Mac is using its employee, matching gifts program. For this cause, there is no minimum donation, but a maximum employee donation of $10,000. Flaherty said that employees have been giving and the company expects to write a check for a lump sum.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.