Rebuilding and Resettlement in Post-Katrina New Orleans: A Model for Recovery Named a Mutual of America 2013 Community Partnership Award Winner

NEW YORK, Nov. 21, 2013 /PRNewswire/ -- Mutual of America announced today that Rebuilding and Resettlement in Post-Katrina New Orleans: A Model for Recovery was named a Merit Finalist in the 2013 Community Partnership Award competition.

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In 2005, Leonard and Louise Riggio created Project Home Again (PHA), pledging to build 100 homes for displaced lower-income families. This project represented the largest privately funded residential rebuilding program post-Katrina, and the first-of-its-kind collaboration between a private foundation and the New Orleans Redevelopment Authority (NORA) and the City of New Orleans.

In November 2012, PHA started a second phase of its recovery work through a neighborhood revitalization project that uses zero-interest loans from the Riggio Foundation to construct 100 new homes for low- and moderate-income first-time homebuyers.

"The challenge of rebuilding New Orleans is immense," said Len Riggio, Project Home Again's Founder. "PHA provides an economically sustainable way for us to lend a hand by providing displaced residents of a much-loved city a place to once again call home."

About the Mutual of America Community Partnership Award

The Mutual of America Community Partnership Award annually honors the outstanding contributions that 10 nonprofit organizations, in partnership with public, private and other social sector organizations, make to society. Since its inception in 1996, the Community Partnership Award has recognized 180 partnerships from cities and towns all across America. To learn more about the Community Partnership Award, visit mutualofamerica.com/cpa.

"All of the 2013 honorees are leaders in society, creating innovative and effective solutions to help those in need," said Thomas J. Moran, Chairman, President and CEO, Mutual of America. "Through the Community Partnership Award, Mutual of America is proud to recognize, support and help extend the reach of these vital partnerships."

About Mutual of America

Mutual of America specializes in providing retirement products and related services to organizations and their employees, as well as to individuals. Since 1945, Mutual of America has remained committed to offering plan sponsors, plan participants and individuals carefully selected, quality products and services at a competitive price and the personal attention they need to help build and preserve assets for a financially secure future. For more information, visit mutualofamerica.com.

SOURCE Mutual of America

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