GMAC Financial Services Provides Sponsorship, Volunteers to Help Cobb Habitat for Humanity Build Affordable Housing

Volunteers help build Habitat homes in 12 U.S. cities, as well as in Canada, Mexico and Brazil ATLANTA, July 30


ATLANTA, July 30 /PRNewswire/ -- Cobb Habitat for Humanity is getting a
boost from GMAC Financial Services with volunteer help and house-funding.
GMAC will provide a full sponsorship along with employee volunteers to build a
home in Hillcrest East, Cobb Habitat's distinctive new-home community in
Austell.


The new home will be for the Uhurebor family.  Construction on the home
began on July 24 and will continue until October.  Each GMAC team member will
work on the house 10 days over the next four months.  GMAC Financial Services
is represented in Atlanta by volunteers from GMAC Insurance and GMAC Auto
Finance.


"We are grateful to GMAC for their donation that will help families
locally and across the country have a simple, decent place to call home," said
Don Martin, director of development, Cobb Habitat for Humanity.


GMAC's support will include funding to help build 12 Habitat homes in the
United States, as well as additional homes in Canada and Mexico. More than
5000 GMAC employees will also join in efforts to build the homes this year.


"GMAC really values the philosophies behind Habitat for Humanity, and
we're happy to contribute to their cause," said Wade Bontrager, vice
president, marketing, GMAC Insurance.  "We're eager to help make a
significant, positive impact for a family right here in our own community."


Sponsorships have been awarded to Habitat affiliates in Atlanta;
Charlotte, N.C.; Chicago; Dallas; Detroit; Jacksonville, Fla.; Minneapolis;
New York City; Philadelphia; Costa Mesa, Calif.; Waterloo, Iowa; Winston-
Salem, N.C.; Toronto; Mexico City; and Monterrey, Mexico.


"Our long-standing partnership with GMAC has helped provide the resources
needed to build affordable housing with hundreds of families," said Jonathan
Reckford, CEO of Habitat for Humanity International. "We are excited to have
GMAC's support once again as we embark on another year of working together to
make the dream of homeownership a reality for many families."


For more than 15 years, the financial and volunteer support offered by
GMAC and its subsidiaries has helped Habitat build and rehabilitate hundreds
of homes. Additionally, GMAC supports financial literacy and homeownership
through several initiatives including foreclosure prevention programs via GMAC
ResCap's Keychain Alliance and the Homeownership Preservation Foundation, and
financial literacy via GMAC SmartEdge, a program designed to educate consumers
in the areas of credit, budget, banking, vehicle and home financing, and
insurance. For more information on financial literacy go to
www.SmartEdgebyGMAC.com


Cobb Habitat is currently building 51 homes in Hillcrest East and welcomes
additional volunteers, funding and support.



About Cobb Habitat for Humanity


Cobb Habitat for Humanity is an ecumenical Christian ministry that
welcomes to its work all people dedicated to the cause of eliminating poverty
housing. Since 1986, Cobb Habitat has built more than 270 houses in Cobb
County, providing simple, decent and affordable shelter with families in need.
For more information, visit www.cobbhabitat.org



About GMAC Financial Services


GMAC Financial Services is a global, diversified financial services
company that operates in approximately 40 countries in automotive finance,
real estate finance, insurance and commercial finance businesses. GMAC was
established in 1919 and employs approximately 26,700 people worldwide. For
more information, go to www.gmacfs.com



About Habitat for Humanity International


Habitat for Humanity International is an ecumenical Christian ministry
that welcomes to its work all people dedicated to the cause of eliminating
poverty housing. Since its founding in Americus, Ga., in 1976, Habitat has
built more than 225,000 houses in nearly 100 countries, providing simple,
decent and affordable shelter for more than 1 million people. For more
information, visit www.habitat.org



SOURCE  GMAC Financial Services