STOCK TITAN

A Home Built on a Foundation of Promise, Hope and Legacy

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Aflac Incorporated is partnering with Central South Carolina Habitat for Humanity to build a new home for a local resident, Jazenia, marking the first new house on Monticello Street in 60 years.

This initiative emphasizes affordable homeownership for women, spotlighting gender equity in housing. Aflac employees joined the groundbreaking ceremony on International Women's Day, underscoring the company's commitment to diversity and community support.

The project aims to empower women and promote equity through homeownership. Aflac has committed to supporting Jazenia’s journey by providing volunteer labor and sponsorship for the project.

Positive
  • Aflac's partnership with Habitat for Humanity enhances community engagement.
  • Supports affordable homeownership initiatives for women, addressing gender equity in housing.
  • Encourages employee involvement in community service and development.
Negative
  • None.

NORTHAMPTON, MA / ACCESSWIRE / March 21, 2023 / Aflac Incorporated

West Columbia, South Carolina will welcome the first new house to be built on Monticello Street in nearly 60 years, thanks to Central South Carolina Habitat for Humanity, Aflac and other community organizations. For new homeowner, Jazenia, it's more than a house. It's a home built on promise, hope and the legacy of women.

On March 8, International Women's Day, Aflac employees in Columbia joined Jazenia, her family and community leaders to celebrate the groundbreaking for her new home, a Habitat for Humanity Women Build project. Women Build empowers women, offers them the opportunity of affordable homeownership and puts a spotlight on equity. A Yale University School of Management study1 shows women pay more to buy a home and earn less when they sell it - and that "overall, gender differences in housing explain up to 30% of the gender gap in wealth accumulation."

Amplifying equity, one nail at a time

Melody Hodge, director of Account Management at Aflac, is a longtime resident of West Columbia. At the groundbreaking celebration, Melody welcomed Jazenia and her family to the neighborhood and offered words of support and encouragement.

"As women, we are stronger than we realize, and with the help of friends, neighbors and organizations like these, we manage to find a way forward, even when every obstacle is thrown into our paths. It gives me hope to be part of events like these and part of organizations like Aflac and Habitat for Humanity that empower people to open gateways toward progress. It gives me hope because this is our chance to make a real, tangible difference in the lives of families, one home at a time. Thank you, Jazenia, for allowing Aflac to be part of your family story," said Melody.

Before Jazenia was selected as a Habitat for Humanity homeowner, she immersed herself in the organization's service projects so she could learn new skills, serve her community and help revitalize neighborhoods. Jazenia has logged more than 400 volunteer hours to build homes for others. Now, she will help build her own home and looks forward to teaching her children about the responsibility of home ownership.

Tearing down barriers to build walls

Aflac employees will join Jazenia and others to build her new home in late March. With every wall they put up together, they'll tear down barriers to new home ownership while shining a light on equity for women.

"Aflac is proud to support Habitat for Humanity's efforts to provide affordable and equitable homeownership for women like Jazenia and her family," said Bob Ruff, senior vice president, Aflac Group Voluntary Benefits. "On International Women's Day, Aflac celebrates the contributions and accomplishments of women, and it reminds us of the importance of diversity and equality. Our Aflac team is honored to help build Jazenia's home through sponsorship support and our many volunteers working alongside the great team at Habitat for Humanity."

1 "The housing gender gap: Why women still face roadblocks in homeownership, home equity and home values" https://www.bankrate.com/home-equity/women-and-homeownership/ | Yale University School of Management study, "The Gender Gap in Housing Returns." https://paulgp.github.io/papers/Gender_Gap_in_Housing_Returns.pdf

Aflac | WWHQ | 1932 Wynnton Road | Columbus, GA 31999

Z2300190 EXP 3/24

Aflac Incorporated, Tuesday, March 21, 2023, Press release picture

View additional multimedia and more ESG storytelling from Aflac Incorporated on 3blmedia.com.

Contact Info:
Spokesperson: Aflac Incorporated
Website: https://www.3blmedia.com/profiles/aflac-incorporated
Email: info@3blmedia.com

SOURCE: Aflac Incorporated



View source version on accesswire.com:
https://www.accesswire.com/744902/A-Home-Built-on-a-Foundation-of-Promise-Hope-and-Legacy

FAQ

What is Aflac's recent community initiative regarding homeownership?

Aflac is collaborating with Habitat for Humanity to build a new home for a local resident, Jazenia, promoting affordable homeownership and gender equity.

When did Aflac celebrate the groundbreaking for Jazenia's new home?

The groundbreaking ceremony took place on International Women's Day, March 8, 2023.

Why is Aflac involved in the Women Build project?

Aflac aims to support affordable homeownership for women and highlight the issue of gender equity in housing.

How many volunteer hours did Jazenia log with Habitat for Humanity?

Jazenia logged over 400 volunteer hours with Habitat for Humanity before being selected as a homeowner.

What role do Aflac employees have in the home building project?

Aflac employees will collaborate with Jazenia and others to help construct her new home in late March.

Aflac Inc.

NYSE:AFL

AFL Rankings

AFL Latest News

AFL Stock Data

62.07B
555.53M
10.14%
61.08%
1.75%
Insurance - Life
Accident & Health Insurance
Link
United States of America
COLUMBUS