Los Angeles, CA ? June 28, 2007: The Gonzales family will be honored as Habitat for Humanity?s newest local homeowners during a ceremony on Saturday, June 29, where they will be given the key to their new home on 112th Street in Los Angeles. Habitat for Humanity of Greater Los Angeles (www.habitatla.org) works in partnership with hardworking families, like the Gonzales?, who would not otherwise qualify for homeownership and currently live in substandard living conditions. The home was donated to Habitat for Humanity by the Los Angeles Housing Department and funded by the Trust Company of the West (TCW), a first-time supporter of Habitat for Humanity, who donated $100,000 to fully sponsor the home and whose employees also volunteered their time to build alongside the Gonzales family.
WHO: Habitat for Humanity of Greater Los Angeles & the Gonzales Family
WHAT: New Home Dedication Ceremony including Lunch and Home Tours
WHERE: 434 112TH Street Los Angeles, CA 90061
WHEN: Saturday, June 29, 2007 10:00 am to 12:30 pm (Lunch & Home Tour Immediately Following Program)
WHY: Habitat for Humanity of Greater L.A. will celebrate the completion of another home this Saturday during a ceremony to honor The Gonzales Family, a family of six formerly living in a one-bedroom apartment, who are L.A.?s newest Habitat homeowners. The home, which was donated to Habitat for Humanity by the Los Angeles Housing Department after another developer abandoned the project, was a rehabilitation partnership with TCW. TCW (www.tcw.com) partnered with Habitat for Humanity to fully fund and help build the home as part of its company-wide commitment to the community. TCW employees joined local volunteers to build the home alongside the Gonzales family, who was required to give 500 hours of ?sweat equity? as their down payment on a zero-interest loan.
About Habitat for Humanity of Greater Los Angeles Habitat for Humanity of Greater Los Angeles (HFH GLA) strives to eliminate poverty housing through advocacy, education and partnership with families in need to build simple, decent affordable housing. Since 1990, HFH GLA has built more than 190 homes, transforming the lives of hundreds of individuals. In the spring of 2007, HFH GLA kicked off its three-year Building a Greater Los Angeles campaign to build or renovate over 250 homes in Los Angeles County. www.habitatla.org
About TCW: Founded in 1971, The TCW Group develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients wealth. The firm has approximately $153 billion in assets under management. TCW clients include many of the nations largest corporate and public pension plans, financial institutions, endowments and foundations, as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Soci?t? G?n?rale Asset Management (SGAM). SGAM Group has $66 billion under management in CDOs, including TCW, and approximately $500 billion in total assets under management.
# # #
Contacts:
Lydia Lujan Habitat for Humanity of Greater Los Angeles T: 310-323-4663 x110 llujan@habitatla.org
Michael Utley Vice President, Media Relations The TCW Group, Inc. T : 213-244-0975 Micheal.utley@tcw.com
Angela Moore Starfish P.R. T: 310-429-8868 info@starfish-pr.com
