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| October 16, 2006
Alcoa Foundation Supports Better Housing Coalition Sustainable Home Development Project
RICHMOND, Va.--(BUSINESS WIRE)--Alcoa Foundation announced today that it is providing the Better Housing
Coalition (BHC) of Richmond, Virginia with funding totaling
approximately $137,000 over three years to support the construction of
high performance, energy efficient homes for first time low to-moderate
income homebuyers in a new BHC division called Winchester Forest. The
Alcoa grants will be allocated to the cost of state-of-the-art energy
efficient equipment and systems needed to ensure sustainable, energy
efficiency homes in the new development.
“Alcoa Foundation actively invests in the
quality of life in Alcoa communities worldwide. The BHC program for
creating sustainable communities is an excellent example of investing in
quality of life… a contemporary idea that
enables families to own a home with minimal energy costs, thus making it
possible for families to have more disposable income for other
necessities of life. This program promotes pride in the community,”
said Meg McDonald, President Alcoa Foundation.
BHC constructed homes are built for long-term affordability, and the
materials, systems and spaces are designed for future additions and ease
of maintenance for generations to come.
“Alcoa Foundation’s
contribution is helping BHC create a healthy and sustainable community.
With Alcoa Foundation support, we will be able to increase the energy
efficiency in 11 homes for new homebuyers. BHC has a deep commitment to
building sustainable communities where families can live, work and
prosper,” said T.K. Somanath, BHC’s
Executive Director.
Construction of the Winchester Forest housing plan is expected to
commence in late 2007.
About Alcoa Foundation
Established in 1952, Alcoa Foundation is a global resource that actively
invests in improving the quality of life in the countries around the
world where Alcoa operates. The Foundation's grants address global and
local needs in Areas of Excellence that include: Conservation and
Sustainability, Global Education and Workplace Skills, Business and
Community Partnerships and Safe and Healthy Children and Families. Alcoa
Foundation manages Alcoa’s ACTION and Bravo!
programs which recognize the volunteer efforts of employees with grants
to the organizations they serve. For more information about Alcoa
Foundation, visit www.alcoa.com,
under Community.
About Alcoa
Alcoa (NYSE:AA) is the world's leading producer and manager of primary
aluminum, fabricated aluminum and alumina facilities, and is active in
all major aspects of the industry. Alcoa serves the aerospace,
automotive, packaging, building and construction, commercial
transportation and industrial markets, bringing design, engineering,
production and other capabilities of Alcoa's businesses to customers. In
addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap® foils
and plastic wraps, Alcoa® wheels, and Baco®
household wraps. Among its other businesses are closures, fastening
systems, precision castings, and electrical distribution systems for
cars and trucks. The company has 129,000 employees in 44 countries and
has been named one of the top most sustainable corporations in the world
at the World Economic Forum in Davos, Switzerland. More information can
be found at www.alcoa.com
About Better Housing Coalition
Better Housing Coalition (BHC) was established in 1988 by local civic
leaders to provide creative, collaborative long-term solutions to
increase affordable housing resources and revitalize communities in the
Richmond, Virginia metropolitan area. BHC has been nationally recognized
for innovative design, property management and successful resident
support services. In 2002 they received the Maxwell Award for Excellence
from the Fannie Mae Foundation and in 2006 the American Public Health
Association named Winchester Greens a “Blue
Ribbon.” Learn more at www.betterhousingcoalition.org
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