ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

SCE Supports Affordable Housing Through Habitat LA

By: 3BL Media

The funding helps low-income families achieve the dream of homeownership while advancing clean energy goals.

SOURCE: Edison International

DESCRIPTION:

By Reggie Kumar, Energized by Edison Writer

Cynthia E., her husband Valdemar C. and their two children never thought their dream of owning a home would become a reality because of the rising cost of living in their Long Beach community. After years of renting, Cynthia decided to take a chance to find out if they would qualify for homeownership through Habitat for Humanity of Greater Los Angeles (Habitat LA). She’s glad she did.

“When we were selected, we were so excited to own a home and not have to answer to landlords anymore,” Cynthia said. “When our kids saw the house for the first time, they were so happy to pick out the room they wanted and choose their favorite color to paint the walls.”

Giving back to the communities it serves is why Edison International, the parent company of Southern California Edison, continues to support Habitat LA by donating nearly $900,000 since 1992. Most recently, 10 homes are being built by volunteers, including SCE employees, in Long Beach as part of Habitat LA’s Millennium Homes development.

The qualification process requires applicants to put in sweat equity hours, which includes helping other families who qualify build their dream home. The electric appliances, solar panels and green building materials used in the construction of these homes align with SCE’s efforts to help the state meet its ambitious clean energy goals.

“Habitat LA now builds homes equipped with all electrical appliances, so this is a great opportunity to reduce greenhouse gases by 30% to 60% in these communities. Each all-electric home built makes a big difference in the air quality in the area,” said Greg Ferree, SCE’s vice president of Vegetation Inspections and Operational Services and a Habitat LA board member since 2013.

“It’s not only cheaper to construct the home, it’s also cheaper to operate the home with electric utilities, and the homeowner can save up to $500 a year on their energy bills,” he added.

The homes are scheduled to be completed by early summer, and Habitat LA will hand over the keys to the families, including Cynthia’s, at that time.

“We love that we can stay in Long Beach since we have family that lives close by that can help us anytime we need them,” said Cynthia.

Tweet me: .@EdisonIntl the parent company of @SCE, continues to support @HabitatLA by donating nearly $900,000 since 1992. Most recently, 10 homes are being built by volunteers, including SCE employees as part of Habitat LA’s Millennium Homes development. https://bit.ly/3y8yhF9

KEYWORDS: NYSE: EIX, Edison International, Habitat for Humanity, SCE

Cynthia E., her husband Valdemar C. pose outside of their new home by Habitat Edison International volunteers remove dirt and grass near Habitat LA’s newest housing development in Long Beach.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.