New Philanthropic Model Calls Upon Developers to Match Sales for the Construction of New Homes Throughout 19 Latin American Countries
Press Release – MIAMI (April 24, 2017) – Miami-based BH Investment Group and global nonprofit TECHO announce the creation of Home4Home, the largest international one-for-one housing platform connecting real estate leaders with Latin American families in need.
Argentine-born Andrés Klein, Founder and President of BH Investment Group, has made the first commitment to the program.
It is the mission of Klein’s partnership with TECHO to inspire US and Latin American developers to match sales with giving; for each property sold, developers are asked to donate one transitional house in one of the 19 countries where TECHO has successfully operated for 20 years.
“Home4Home brings together an important and organized mission for those of us who have achieved success in real estate,” says Klein. “I feel it is our responsibility to come together as an industry and help change lives.”
The model program allows for industry leaders throughout the Americas to join forces for a common cause: reduce poverty. The one-for-one structure is also high impact and surpasses other efforts that allocate dollars.
“Home4Home is not a single partnership, but a program that is inclusive, scalable and has the power to leave a footprint in the industry,” said Diego Firpo, CEO of TECHO. “Partners of the program will be recognized as socially responsible, which will in turn raise the business standards of the industry.”
TECHO has been working alongside slum residents and empowering communities in Latin America for the last 20 years, providing an immediate solution to their most basic needs.
How the program works:
- With each sale, the developer donates one transitional house to TECHO
- Developer communicates with their buyer to select a country where the home is built (of the 19 where TECHO operates)
- TECHO moves forward to build a transitional house in the specified country, handling the sourcing and construction
- A package with a photo and letter from the beneficiary family is sent to the developer and buyer, along with a miniature replica of the house that was built
All donations will be tax deductible and made through a 501(3)(c) charitable organization. Interested developers are invited to join the initiative. For more information, please visit http://home4home.techo.org/
