Project Coincides With Kickoff of 2010 NAHREP/AREAA Real Estate and Marketing Conference at the Bellagio This Week
October 5, 2010 – (RealEstateRama) — Volunteers from First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance and settlement services for residential and commercial real estate transactions, and members of the National Association of Hispanic Real Estate Professionals (NAHREP) and the Asian Real Estate Association of America (AREAA) will help build two affordable Habitat for Humanity Las Vegas homes in the Vegas Heights neighborhood on Oct. 9. More than 50 volunteers will participate in the project.
The volunteer work day coincides with the kickoff of the nation’s largest gathering of minority real estate professionals at the 2010 NAHREP/AREAA Real Estate and Marketing Conference scheduled for Oct. 10-13 at the Bellagio Casino and Resort.
This joint volunteer opportunity is part of the philanthropic initiative under the newly formed First American Community Fund, a division of First American Title Insurance Company, that is dedicated to providing strategic investments and promoting volunteerism to local communities throughout the nation. Corporate build days encourage collaboration and demonstrate good corporate citizenship as well as allow companies and their employees to give back to the community.
“I’m excited to know that our employees will be working side by side sharing a common goal and commitment to serve the Las Vegas community,” said Lionel Savage, vice president of industry relations and market development for First American Title Insurance Company, the largest subsidiary of First American Financial Corporation. “Everyone’s participation in this home-building event demonstrates the ongoing cooperative nature of the business relationship between First American and the nation’s leading minority real estate trade groups.”
Vegas Heights is one of three neighborhoods in Habitat’s Neighborhood Revitalization efforts in Clark County, Nevada. Nine homes will be built over the next two years using privately donated money. The city of Las Vegas provided funding for the purchase of the lots and civil improvements. The homes will be sold to families earning less than 80 percent of area median income who qualify and complete the Habitat for Humanity Homeownership Program, which requires adults to complete 300 hours of volunteer labor building Habitat homes, including the one they will eventually purchase.
“The spirit of renewal behind this volunteer effort is really what more of America’s neighborhoods need today,” said Alex Chaparro, NAHREP’s chairman. “NAHREP members are proud to be part of an effort that serves working families and the greater good of the community of Las Vegas.”
“Lending a helping hand to working families, along with the collaborative effort and spirit of volunteerism demonstrated here, makes this build extremely satisfying,” said John Fukuda, AREAA’s Chairman. “AREAA is thrilled to participate with First American Financial Corporation and Habitat for Humanity to build these safe affordable houses for those who lack shelter.”
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services to the real estate and mortgage industries, that traces its heritage back to 1889. First American and its affiliated companies also provide title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $4 billion in 2009, the company offers its products and services directly and through its agents and partners in all 50 states and in more than 60 countries. More information about the company can be found at www.firstam.com.
About Habitat for Humanity
Habitat for Humanity Las Vegas builds single-family homes throughout Clark County for working families earning less than 80 percent of area median income. The homes are sold at no profit through a no-interest mortgage. Families volunteer their labor to help build Habitat homes, including the one they will eventually purchase. For more information go to: www.habitatlasvegas.org.
The National Association of Hispanic Real Estate Professionals, a non-profit 501c6 trade association, is dedicated to increasing the homeownership rate among Latinos by educating and empowering the real estate professionals that serve them. Based in San Diego, NAHREP is the premier trade organization for Hispanics and has more than 18,000 members in 48 states and 62 affiliate chapters.
Established in 2003, the Asian Real Estate Association of America’s membership represents a broad array of real estate, mortgage and housing-related professionals that serve the diverse Asian/Pacific-American market. AREAA is the only national trade association dedicated to representing the interest of the Asian real estate market throughout the country. It pursues initiatives that expand home ownership opportunities for more Asian/Pacific-American families, that increase business opportunities for its members and that deliver tangible results for its national partners.
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