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AMERIDREAM'S CHARITABLE DONATIONS REACH BEYOND HOMEBUYERS

GAITHERSBURG, MD (Feb. 27, 2001) -- The AmeriDream Charity, Inc., is pleased to announce that it has made charitable donations to two organizations working in two different areas to improve people's lives.

AmeriDream in February gave $13,000 to The ABF (A Brighter Future) Education Foundation, a new conservative research and educational institute that focuses on the public policy issues that effect African Americans, Asian Americans, Hispanic Americans, Native Americans and other ethnic groups. ABF's guiding principle is "to maintain an open dialogue on subjects that will impact multicultural communities and advocate ideas that will lead to positive issue resolution."

The Charity gave $10,000 to the National Organization for Fetal Alcohol Syndrome (NOFAS) in January. NOFAS is a non-profit organization that was founded in 1990 to raise awareness and understanding about the risk of alcohol use during pregnancy among at-risk women, health and human service providers, public officials, educators, youth and the general public.

 

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The mission of The AmeriDream Charity, Inc., is to expand homeownership opportunities for underserved groups through the direct provision of downpayment assistance and through the restoration and development of communities. A 501(c)(3) organization, The AmeriDream Charity, Inc. meets HUD requirements for FHA insured loans as a charitable organization. In addition to The AmeriDream Downpayment Gift Program, the Charity also operates The AmeriDream Redevelopment Program in the Washington, DC, area, which focuses on rehabilitating properties and returning them to the market at affordable prices; and is on track to donate over $600,000 by the end of 2001 to a range of community organizations including Habitat for Humanity and the American Red Cross.