Lennar Charitable Housing Foundation

In California, we have created the Lennar
Charitable Housing Foundation, a program
which gives homebuilders the opportunity
to help our country's significant problem
with homelessness.

With the Lennar Charitable Housing Foundation, we have created an ongoing method for those fortunate enough to be able to buy a home, to have a simple and direct way to assist those who are homeless.
Upon the actual closing transaction of a home sold in a Lennar Charitable Housing Foundation Community, a fee totaling 1/20th of one percent of the gross sales price of the home is collected from the buyer on that sale, and then from each new buyer on every subsequent resale.
Thus each time the home is sold, an ongoing, in perpetuity, fee is generated.
These fees are limited for use to support organizations that provide assistance for the transitionally homeless or those living in substandard housing.
By having the fee generated each time a home is resold, Lennar has created an ongoing funding source for assistance to homeless people in the local Community.

Lennar is pleased to have been a founder in this unique program of giving back to our Community, and looks forward to its expansion in other areas of Lennar Community development.