Meritage Homes (NYSE:MTH)
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1 Year : From May 2018 to May 2019
Meritage Homes Corporation (NYSE: MTH) and Operation Homefront today announced that a deserving military family has been selected to enter the Homes on the Homefront (HOTH) program and will receive a brand new, energy-efficient, mortgage-free home in Commerce City, Colo. The home will be presented to the family on November 9, 2018, just in time for Veterans Day.
U.S. Army veteran and two-time Purple Heart recipient Herbert Jackson, his wife Erica, and their three children will receive a 1,837-square-foot home from Meritage Homes. This three-bedroom, two-bathroom home will give this family the opportunity to establish a newfound sense of stability, community involvement, and enjoy the tremendous pride of homeownership.
“This new home will actually make a huge difference,” said Jackson. “It will definitely help us financially, and will also allow us more room to focus on paying down debt, including earlier student loans. We are so grateful for the opportunity to move toward a stronger, more stable and secure future.”
Born and raised in Memphis, Tennessee, Jackson enlisted in the Army in 2006 and rose to the rank of sergeant, serving as an IT specialist. Jackson carried out multiple missions in Iraq and was honorably discharged in 2013 after suffering from a traumatic brain injury, post-traumatic stress and injuries sustained in Iraq. After serving in the Army for seven years, Jackson is eager to establish roots in Commerce City.
The single-story home will include the M.Connected Home™ Automation Suite, a two-car garage, private study/flex room and a covered outdoor living area. It will also come with an array of money-saving features, such as ENERGY STAR® appliances, spray-foam insulation and energy-efficient windows, which can cut heating and cooling costs by as much as 50 percent.
“For the past six years, Meritage Homes and our team of generous partners have been committed to supporting Operation Homefront in building strong, stable and secure military families,” said Steve Hilton, CEO of Meritage Homes. “We are deeply grateful to the brave men and women fighting for our country, and are humbled to welcome the Jackson family to their new, energy-efficient home as they begin the next chapter of their lives together.”
The HOTH program provides veterans and their families the opportunity to move into an Operation Homefront home and work directly with housing caseworkers and financial counselors to learn and plan for home ownership. Upon successful completion of the program, the family will graduate and receive the deed to the home. Since the HOTH program began in 2012, over 600 families have entered the program and nearly 500 families have graduated from the program and have been deeded their home, mortgage-free. Operation Homefront has provided over $64 million dollars in home equity to military families. The homes are donated by corporate partners, including Meritage Homes and other major financial services companies and home builders.
“We are absolutely thrilled to partner with Meritage Homes to make home ownership a reality for this military family just prior to Veterans Day,” said Brig. Gen. (ret.) John I. Pray Jr., president and CEO of Operation Homefront. “We are deeply grateful to the entire Meritage team for their support of this very special and deserving family, and their continued commitment to our mission to help military families thrive – not simply struggle to get by – in the communities they have worked so hard to protect.”
For more information about the Operation Homefront and Meritage Homes partnership, please visit http://www.HomesontheHomefront.org/Highlights or www.MeritageHomes.com.
About Meritage Homes:Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2017. Meritage builds and sells single-family homes for entry-level, move-up, and active adult buyers in markets including California, Texas, Arizona, Colorado, Florida, North Carolina, South Carolina, Tennessee and Georgia.
The Company has designed and built over 110,000 homes in its 32-year history, and has a reputation for its distinctive style, quality construction, and positive customer experience. Meritage is the industry leader in energy-efficient homebuilding and has received the U.S. Environmental Protection Agency's ENERGY STAR Partner of the Year for Sustained Excellence Award every year since 2013 for innovation and industry leadership in energy-efficient homebuilding.
For more information, visit www.meritagehomes.com.
About Operation Homefront:Founded in 2002, Operation Homefront is a national nonprofit organization whose mission is to build strong, stable, and secure military families so that they can thrive - not simply struggle to get by – in the communities they have worked so hard to protect. Recognized for superior performance by leading independent charity oversight groups, 92 percent of Operation Homefront expenditures go directly to programs that support tens of thousands of military families each year. Operation Homefront provides critical financial assistance, transitional and permanent housing and family support services to prevent short-term needs from turning into chronic, long-term struggles. Thanks to the generosity of our donors and the support from thousands of volunteers, Operation Homefront proudly serves America’s military families.
For more information, visit OperationHomefront.org.
MEDIA INQUIRIES:Jason E. Moody, Operation HomefrontJason.Moody@OperationHomefront.org210.243.1657
Alexis Anderson, Havas Formulameritage@havasformula.com619.234.0345
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4bed8f8d-81f9-4695-93a8-4ac1612a9f28.