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CU System
Golden 1 CU gives foreclosed property to Habitat
SACRAMENTO, Calif. (12/9/08)--The Golden 1 CU has donated a one-acre property that had gone into foreclosure to Habitat for Humanity. The property, near Rio Linda, Calif., was presented Saturday to Habitat (The Sacramento Bee Dec. 5). After more than 100 California Highway Patrol cadets tear down a small house and barn to prepare the property for construction, Habitat for Humanity volunteers will build four houses on it, beginning next year. The $6.955 billion asset, Sacramento-based credit union told the newspaper it had worked with the borrowers on the property until they decided to walk away. It had donated another property to Habitat in 2003. To qualify for a house, prospective owners must be employed, have reasonably good credit and work 500 hours with volunteers building the house.
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