Employees Build Homes, Team Up for MAC Week
Freddie Mac is partnering with Habitat for Humanity to make affordable housing available for low-income families, as part of MAC Week, our annual signature volunteer event.
"Freddie Mac is proud to team up with Habitat for Humanity to provide families with stable, affordable housing," said Charles E. Haldeman, Jr., Freddie Mac's chief executive officer. "Hundreds of our employees volunteer during MAC Week to help families become homeowners and to support Freddie Mac's work to stabilize communities."
Some 600 volunteers helped build homes in DC and Northern Virginia, and renovated foreclosed homes in Maryland from October 5-16.
In D.C., Freddie Mac employees just helped finish the 51st home in a Northeast neighborhood. Since 2003, thousands of our employees have worked on the D.C. homes through MAC Week and monthly team builds. MAC Week and our Home Team program is a chance for employees to step outside their day-to-day jobs and experience first-hand our important housing mission.
Employees worked alongside the families who are becoming first-time homeowners. The families include Monica, who works in HR for the government, and her two young sons, who currently share a one-bedroom apartment. Another family, Tadesse, Aynalem and their son Biruk, who is in a wheelchair, will now own a home that is equipped for someone with a handicap. In D.C, half of the new homeowners are moving out of public housing into homes of their own.
As part of MAC Week, Freddie Mac also partnered with D.C.-area nonprofits UCAP and SERVE to provide financial literacy workshops in the counties of Prince George, MD and Prince William, VA, two of the areas in the metro region the hardest hit by foreclosures.
The volunteer contributions of Freddie Mac employees coupled with Freddie Mac's nearly $300,000 contribution will help advance our MAC Week partners' ongoing redevelopment work in the region.