Silver
Spring-based Charter House receives Freddie Mac
donation to ensure elderly residents can return home
SILVER SPRING,
Md., Dec. 20 /PRNewswire-FirstCall/ -- Homes for
America, which owns the affordable senior community
Charter House in Silver Spring, Maryland, received a
$150,000 donation from Freddie Mac to ensure that
recently displaced Charter House residents will be
able to return home.
Charter House, a high-rise that
serves frail and limited income seniors, was
temporarily closed in early December after the
building's water pump malfunctioned and flooded the
boiler room. More than 200 residents were evacuated
and relocated to homes and hotels while the center
undergoes repairs. Homes for America expects repairs
to take about six weeks.
Maryland
Senator-elect Benjamin L. Cardin, commended Freddie
Mac for their assistance noting, "Homes for America
has done a remarkable job in assisting the residents
of Charter House who were dislocated by more than
seven-feet of flood water. This $150,000 grant from
Freddie Mac will provide significant help in
defraying the clean-up costs so that more than 200
frail and low- income residents who have been
displaced can return as quickly as possible to their
homes."
Homes for America
Chairman Trudy McFall said: "We are truly grateful.
Freddie Mac's generosity is helping us help our
residents. As a small non- profit organization, this
experience has had a huge financial and emotional
impact for both our residents and us. This is a
wonderful surprise. We cannot thank Freddie Mac
enough."
"As a
locally-based company with a housing mission, the
plight of these elderly citizens concerned us, and
we wanted to ensure that they weren't left homeless.
We are pleased that our investment will help these
senior citizens go home," said Ralph F. Boyd,
executive vice president, Community Relations,
Freddie Mac.
Homes for America,
an Annapolis-based nonprofit, provided funds to
residents to pay for their relocation housing.
Freddie Mac's contribution will help residents by
defraying costs not covered by insurance.
Homes for America
is a 501(c)(3) nonprofit housing corporation which
specializes in developing and preserving housing for
low and moderate income households and special needs
populations. Homes for America carries out its
mission in a variety of ways, including as a
developer of affordable housing, providing
development services to nonprofit organizations, and
providing technical assistance to government
agencies to develop and implement housing programs.