Tori Allen-Herring
National Director, Office of Community and Charitable Giving
Fannie Mae
2011 Corporate Philanthropy
Giving and service are embedded in the fabric of Fannie Mae’s office of community and charitable Giving (OCCG). The office spearheads Fannie Mae’s philanthropic investments by identifying nonprofit partners that provide support to keep working families in their homes and stabilize communities.
“We are committed to creating long-term value to help build a stable, sustainable housing market for the future,” said Michael J. Williams, Fannie Mae President and Chief Executive Officer. “The work that we do affects families and neighborhoods across the country, every day.”
Fannie Mae’s investments with its partners support foreclosure prevention, sustainable homeownership, and neighborhood stabilization. The company’s partners also revitalize communities by connecting new home buyers with available foreclosed homes to protect neighborhoods from decline, and preserve permanent supportive housing to eradicate chronic homelessness.
“Connecting our strategic corporate priorities to build thriving communities across the country is a rewarding professional experience, especially during this critical time,” said Rosie Allen-herring, National Director of Corporate Giving. Over the next 12 months, Fannie Mae’s philanthropic investments will help more than 112,000 families avoid foreclosure; recycle over 9,600 foreclosed properties to help stabilize neighborhoods; preserve over 7,500 affordable housing units nationwide; develop over 11,400 units of permanent supportive housing, and produce more than 4,000 affordable housing units nationwide.
Among the nonprofit partners working with Fannie Mae to help families is credAbility (formerly consumer credit counseling Services of Greater Atlanta), a national nonprofit consumer credit counseling agency. Since 1964, CredAbility has helped people in financial distress move from crisis to control by providing compassionate service with innovative, yet practical solutions. last year, more than 1.7 million people facing financial difficulty have reached out to CredAbility for help.
CredAbility provides housing, budget, credit and debt management counseling and education to families, in both english and Spanish, online, and by telephone. It also offers in-person counseling at 25 offices across the southeastern U.S.
Fannie Mae
Corporate Headquarters: Washington, D.C.
Website: www.fanniemae.com
Primary Business: Secondary Mortgage Market
Employees: 7,000
