ALCOA FOUNDATION SUPPORTS BETTER HOUSING COALITION SUSTAINABLE HOME DEVELOPMENT PROJECT

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ALCOA FOUNDATION SUPPORTS BETTER HOUSING COALITION SUSTAINABLE HOME DEVELOPMENT PROJECT
14 August 2007 - Alcoa

Alcoa Foundation announced today that it is providing the Better Housing Coalition of Richmond, Virginia with funding totaling approximately $137,000 over three years to support the construction of high performance, energy efficient homes for first time low to-moderate income homebuyers in a new BHC division called Winchester Forest. The Alcoa grants will be allocated to the cost of state-of-the-art energy efficient equipment and systems needed to ensure sustainable, energy efficiency homes in the new development.

“Alcoa Foundation actively invests in the quality of life in Alcoa communities worldwide. The BHC program for creating sustainable communities is an excellent example of investing in quality of life… a contemporary idea that enables families to own a home with minimal energy costs, thus making it possible for families to have more disposable income for other necessities of life. This program promotes pride in the community,” said Meg McDonald, President Alcoa Foundation.

BHC constructed homes are built for long-term affordability, and the materials, systems and spaces are designed for future additions and ease of maintenance for generations to come.

“Alcoa Foundation’s contribution is helping BHC create a healthy and sustainable community. With Alcoa Foundation support, we will be able to increase the energy efficiency in 11 homes for new homebuyers. BHC has a deep commitment to building sustainable communities where families can live, work and prosper,” said T.K. Somanath, BHC’s Executive Director.

http://www.alcoa.com

About: Alcoa
Alcoa is a leading producer of primary aluminium, fabricated aluminium and alumina and is active in all major aspects of the industry. It serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers. The company has 120 000 employees in 41 countries.

In addition to aluminium products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.

Alcoa makes a very sustainable product: almost 70% of the aluminium ever produced is still in use, equalling 480 million tonnes of a total 690 million tonnes manufactured since 1886.

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  • For August 2007
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