Thursday, May 14, 2009
The housing market may be sputtering, but Habitat for Humanity International is getting a $100 million jolt.
The nonprofit group tells The Associated Press the gift from J. Ronald Terwilliger will help it build 60,000 homes worldwide. It's the largest individual contribution in Habitat's history.
Terwilliger, an Atlanta-based developer, says he hopes it will offer the world's neediest more access to decent, affordable homes.
He says he also wanted to "inspire others to make the commitment to support affordable housing."
The gift is one of the largest in recent years to a group devoted to social services, according to the Center on Philanthropy at Indiana University. A center official called it "remarkable."