Virginia State University and Lowe’s Help Dedicate Tri-Cities Habitat for Humanity Home
Virginia State University and Lowe’s Help Dedicate
Tri-Cities Habitat for Humanity Home
Lowe’s provided $30,000 grant for CIAA school to build with a
local family.
PETERSBURG, Va. (July 25, 2011) – Tri-Cities Habitat for
Humanity dedicated a new Habitat home on Sunday, July 24, built in
partnership with Virginia State University students, Lowe’s
volunteers and a local family.
Lowe’s, a national partner with Habitat for Humanity since
2004, provided a $30,000 grant to Tri-Cities Habitat for Humanity
to build the house. The house was built as part of Habitat for
Humanity's effort to create simple, decent affordable housing built
in partnership with homeowners, volunteers and sponsors.
“Virginia State University was honored to have been selected
as the Central Intercollegiate Athletic Association school chosen
to assist Tri-Cities Habitat for Humanity in building a home in
partnership with a local family,” said Dr. Keith T. Miller,
president of Virginia State University. “We take pride in the
fact that our VSU athletes understand the importance of giving back
to the community.”
This is the third time Habitat for Humanity, Lowe’s and the
CIAA teamed up for a build. Past builds with CIAA schools include:
Johnson C. Smith University in 2008; Shaw University and St.
Augustine’s College in 2009.
“The CIAA and its partnering member institutions were proud
to be a part of this experience with Lowe’s and Tri-Cities
Habitat,” said Leon Kerry, commissioner of the CIAA.
“It’s truly a wonderful feeling to support a neighbor
family in building their new home. Our student volunteers
represented the spirit of the CIAA by extending a helping hand to
those in need in our communities.”
About Tri-Cities Habitat for Humanity
Tri-Cities Habitat for Humanity builds houses for those who
otherwise might never have a home of their own. Homeownership
is the dream of 73 percent of all renters, and increases a
family’s satisfaction with their living situation by 85
percent. It’s also a great way to help the economy, as
children of homeowners are 50 percent less likely to be idle or on
welfare at age 20.
They build safe, decent, affordable houses for families through the
labor of volunteers and partner families and through generous
financial gifts from individuals, foundations, churches, businesses
and corporations. Each house costs approximately $60,000 and
requires nearly 3,500 volunteer hours.
They do not give these houses away. They sell these houses to
partner families at cost – with no profit – through a
30-year, interest-free mortgage. The mortgage payments
received are then recycled into building additional houses.
Therefore, every gift given truly keeps on giving.
About Lowe’s
With fiscal year 2010 sales of $48.8 billion, Lowe’s
Companies, Inc. is a FORTUNE® 50 company that serves
approximately 15 million customers a week at more than 1,750 home
improvement stores in the United States, Canada and Mexico. Founded
in 1946 and based in Mooresville, N.C., Lowe’s is the
second-largest home improvement retailer in the world. For more
information, visit Lowes.com.
