eXp Realty announced a joint initiative with nonprofit New Story, an organization that creates solutions to address global homelessness. This partnership will provide 100 homes in the Morelos region of Mexico, where local residents are still attempting to rebuild after a devastating 7.1 magnitude earthquake occurred in 2017.
Each of the 100 homes will average $6,000 in construction costs and will be built with trusted local partners to transform dangerous living environments into safe, sustainable homes. To assist, eXp Realty announced a commitment to raise funds through its employees and network of agents. Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, has also pledged to match up to $300,000 in contributions, with a goal of raising $600,000. All funds raised will go to New Story, who will hire local workers and purchase local materials to build the homes.
“We are honored to work with New Story to provide relatively low cost, sustainable homes because we know the importance a home makes to families no matter where they live,” said Sanford. “We are passionate about bettering lives and helping communities around the globe and this area of Mexico is still in need of housing for those impacted. I wanted to personally show my commitment with this matching gift to help build safe, sustainable homes.”
After families move in, New Story will continue to measure the impact the safer homes have on the community over time.
“Our goal is to improve the resilience of communities for the long-term,” said Brett Hagler, CEO of New Story. “eXp Realty’s partnership allows us to keep implementing sustainable innovations to provide the lasting stability families deserve.”