Orlando, FL – Hannover Life Reassurance Company of America (Hannover Life Re) – a global reinsurer with U.S. operations headquartered in Orlando – recently donated USD 250,000 to Habitat for Humanity Orlando. The contribution will help build a new townhome community that will provide affordable housing for 58 local families.
The USD 6 million development, called Staghorn Villas, is the first of its kind for Habitat Orlando. Located on Staghorn Drive and Silver Star Road, the 3.9-acre site will feature 10 buildings with four to eight townhome units each, surrounded by green spaces and play areas.
Habitat Orlando has traditionally relied on local donations to fund its work. Due to the magnitude of the new development, Habitat’s finance committee developed a comprehensive funding plan that includes government grants, private-foundation grants and commercial financing, in addition to continued support from the Central Florida community.
“The success, vitality and quality of life of a community depend on collaborative partnerships – individuals, organizations, businesses and lawmakers coming together for a common purpose,” said Pete Schaefer, President and CEO of Hannover Life Re. “Nowhere is this more evident than through the work of Habitat for Humanity. We’re glad to be a part of this initiative.”
“On a national level, one in seven low income families currently live in inadequate housing,” said Dee Danmeyer, executive director of Habitat Orlando. “This generous gift from Hannover Life Re will help ensure that Orlando families have a comfortable place to call home. We are grateful for their leadership and appreciate their support.”
Two other companies – CHEP USA, a global leader in pallet and container pooling services, and HD Supply, a leading wholesale distribution company –have also signed on as building sponsors for the Staghorn Villas development.