Countrywide Grants $1MM to NHE

Countrywide Financial Corp., Calabasas, Calif., has announced a grant of $1 million to the National Housing Endowment in support of the nonprofit organization's efforts "to safeguard the future of affordable housing and elevate housing to a national priority."The grant will be formally presented to the NHE April 30 during the inauguration of a new conference room at the National Housing Center in Washington, D.C. The NHE said the conference room has been named after Countrywide in recognition of the gift and Countrywide's "unwavering commitment" to affordable homeownership. "Supporting the National Housing Endowment is an ideal way for Countrywide to participate in the national dialogue on this important issue," said Angelo Mozilo, Countrywide's chairman and chief executive officer. The NHE is the philanthropic arm of the National Association of Home Builders established in 1987 to provide a permanent source of funds to address long-term industry concerns.