U.S. Markets closed

World Housing Launches World's First One-for-One Real Estate Gifting Model

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2014) - World Housing, CCC Inc. announced today the launch of the world's first one-for-one real estate gifting model. The program, inspired by the global success of TOMS™ shoes, requires qualified partner developers to contribute a fixed amount on every condo sold in the first world, to building and gifting a new home for qualified, deserving families that live in and around large third world garbage dump communities.

"We cannot possibly overstate the incredible social change that is created by gifting homes to the most deserving people on earth," said Peter Dupuis, co-founder of World Housing. "The conditions of landfill communities are the worst in the world; these people are literally surviving off of the garbage of others, spending hours a day trying to find clean water and food for their family. Receiving a home gives a stable living environment to help create a better life."

World Housing's social venture model works in conjunction with developers, homebuyers, non-government organizations (NGOs) and participating recipients. Developers that qualify for the World Housing certification program contribute $2,900 from the sale of a condominium at their project, which funds the construction and gifting of a home in one of World Housing's landfill communities. Homebuyers are provided with the opportunity to follow the development of the home they helped create with their purchase, while on the ground construction, gifting, and management is conducted with participating NGO-Builder Partners.

"We are very encouraged by the reception the real estate community has given this program," said Sid Landolt, co-founder of World Housing. "It brings to the forefront the real need for safe and secure housing for the world's most vulnerable communities. A relatively small contribution truly does make a lifelong impact on the families receiving this gift."

Each home is designed and constructed by a local "micro homebuilding" factory in partnership between World Housing and the local NGO-Builder Partner. Locals from the landfill community are hired and trained in construction techniques to build the homes, which provides them a skill for future employment. A typical World Housing home is a 130 sq. ft. structure, which rests on elevated support beams to protect from flooding and infestation, while the all-metal construction and insulation offer protection from the elements. Homes are equipped with electricity (either solar panel or local connection, depending on location) and a rainwater collection system provides fresh water. Most importantly, the homes are safe and secure, a rare quality in landfill communities.

World Housing is Canada's first Community Contribution Company (CCC), a registered social enterprise that enables sustainable social change through a for-profit enterprise. By corporate charter, all of World Housing's profits are used to expand its impact around the globe.

Currently, World Housing is involved in three landfill communities based outside Puerto Vallarta, Mexico; Manila, Philippines; and Phnom Penh, Cambodia. As World Housing grows, the goal is to expand its areas of influence to include landfill communities in India, South America and Africa with a benchmark of putting roofs-over-heads for 30,000 deserving people by 2020.

For more information, please visit: www.worldhousing.ca

About World Housing, CCC Inc.:

World Housing is the world's first one-for-one real estate gifting model. Our founding purpose is to create sustainable social change by building and gifting homes to qualified, deserving families that live and sustain themselves around third world garbage dump communities. For every condominium sold at a certified World Housing project a contribution is made by the developer to build a home for a dump dweller family.

World Housing's social mission is to provide homes to 30,000 people by 2020. Our homes not only put roofs over heads, they foster an environment where people can begin to overcome poverty and families can flourish without fear.

World Housing is Canada's first Community Contribution Company, a registered social enterprise that enables sustainable social change through a for profit enterprise. By corporate charter, all of World Housing's profits are reinvested to expand our impact around the globe.

  • CNBC’s Jim Cramer says stock market is in ‘a very serious correction’ — and there’s nowhere to hide
    News
    MarketWatch

    CNBC’s Jim Cramer says stock market is in ‘a very serious correction’ — and there’s nowhere to hide

    Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators, on Monday said the market is enduring “a very serious correction,” underscored by the fact that there are few fundamental reasons for the market’s current downtrend. During CNBC’s “Halftime Report,” Cramer said notable is a slump in shares of so-called FANG names — the highflying quartet of Facebook Inc. (FB) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX)and Google parent Alphabet Inc. (GOOGL)(GOOG) that are among the most influential on Wall Street due to their massive market values and the degree by which investors have piled into those investments for hope of consistent growth. All of those companies are in a corrective phase, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.

  • Warren Buffett Continues to Avoid Ford, Adds More GM Shares
    Finance
    Market Realist

    Warren Buffett Continues to Avoid Ford, Adds More GM Shares

    On November 14, Warren Buffett’s Berkshire Hathaway revealed in its 13F filings that the company added more General Motors (GM) shares to its portfolio. In the third quarter, Berkshire Hathaway bought ~1.06 million shares of the largest US automaker (XLY) after adding ~1.4 million shares in the second quarter. Berkshire Hathaway’s total stake reached 52.46 million shares in the third quarter—compared to 51.39 million shares in the second quarter.

  • Why PG&E Stock Just Rebounded 35%
    Business
    Motley Fool

    Why PG&E Stock Just Rebounded 35%

    With the risk of PG&E Corporation (NYSE: PCG) incurring catastrophic losses from its (presumed) role in California's "Camp Fire" wildfire growing by the day, the company received a rare bit of good news today. PG&E faces many billions of dollars worth of potential liability from the still-raging and uncontained Camp Fire wildfire -- on top of billions more in potential liability from other wildfires it may have played a part in creating in 2017.

  • Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings
    Business
    CNBC

    Alexandria Ocasio-Cortez, the youngest woman ever elected to Congress, is down to less than $7,000 in savings

    Alexandria Ocasio-Cortez, a 29-year-old Democrat who will represent the 14th Congressional District of New York, is the youngest woman ever elected to Congress and until recently worked in food service. The family sold its house in Yorktown in 2016 for $355,000 .

  • Report: Southwest swapped out flight-control sensors like those alleged in Indonesian crash
    Finance
    American City Business Journals

    Report: Southwest swapped out flight-control sensors like those alleged in Indonesian crash

    In the weeks before a Lion Air flight crashed off the coast of Indonesia, Southwest Airlines replaced two of the same type of sensors that have been alleged in the accident. Information about swapping the malfunctioning sensors was found in a review of Southwest (NYSE: LUV) maintenance records by the Wall Street Journal. The Journal reported that the sensors involved the Boeing 737 MAX 8 aircraft, the same plane that crashed in Indonesia.

  • Business
    Benzinga

    The Street Reacts To Walmart's Q3

    Retailer Walmart Inc (NYSE: WMT) reported third-quarter results Thursday highlighted by an earnings beat and the 16th consecutive quarter of rising comparable store sales. Here's what Street analysts are saying after the print. The Analysts Barclays

  • Cramer: Nvidia got it so wrong no one will trust CEO for ...
    Business
    CNBC Videos

    Cramer: Nvidia got it so wrong no one will trust CEO for ...

    CNBC's Jim Cramer discusses Nvidia's performance as chip stocks get slammed.

  • Four Ways GE’s Crisis Could Play Out
    Business
    Bloomberg

    Four Ways GE’s Crisis Could Play Out

    The dramatic decline has left investors wondering about the worst-case scenario for the industrial icon. As new Chief Executive Officer Larry Culp tries his hand at a turnaround, the possibilities span everything from a prolonged fight for survival to a swift journey to the junkyard. Revenue growth and profit margins might suffer, but GE would have a shot at regaining a higher credit rating and reflating its dividend, winning back investors.

  • Facebook investors call on Mark Zuckerberg to resign as chairman following damaging report 
    Business
    The Telegraph

    Facebook investors call on Mark Zuckerberg to resign as chairman following damaging report 

    Facebook investors have called on the company’s chief executive Mark Zuckerberg to step down as chairman, following reports that the company hired a public relations firm to smear its critics by drawing links to George Soros. Jonas Kron, a senior vice president at Trillium Asset Management, a US investor which owns an £8.5m stake in Facebook, last night called on Mr Zuckerberg to step down as board chairman in the wake of the report.

  • AT&T: Wall Street Recommendations and Price Targets
    Finance
    Market Realist

    AT&T: Wall Street Recommendations and Price Targets

    The Latest from AT&T: Outlook, Deleveraging Plan, and 5G (Continued from Prior Part) Analysts on AT&T stock According to data compiled by Reuters as of November 13, 53% of the 32 analysts covering AT&T (T) stock have given it a “hold” rating. Only 38

  • The 9 Best Stocks to Buy for the Next Decade
    Finance
    InvestorPlace

    The 9 Best Stocks to Buy for the Next Decade

    A few years ago, InvestorPlace contributor Dan Burrows highlighted the 10 best-performing S&P 500 stocks of the past decade. A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Fidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they compared to the legendary portfolio manager.

  • Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’
    News
    MarketWatch

    Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’

    ‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.

  • Google Cloud CEO Greene being replaced by Oracle exec Tho...
    Business
    CNBC Videos

    Google Cloud CEO Greene being replaced by Oracle exec Tho...

    CNBC's Josh Lipton reports that Diane Greene, CEO of Google Cloud, is being replaced.

  • NVIDIA Corporation (NVDA) vs. Netflix Inc (NFLX): Here is What Hedge Funds Think
    Finance
    Insider Monkey

    NVIDIA Corporation (NVDA) vs. Netflix Inc (NFLX): Here is What Hedge Funds Think

    NVIDIA Corporation (NASDAQ:NVDA) shareholders have witnessed a decrease in hedge fund sentiment during third quarter. Some hedge fund managers might have sensed the looming demand declines and bolted out. Today, NVIDIA shares plunged more than 19%.

  • Business
    Reuters

    Delta defers 10 Airbus A350 jets, orders 10 A330neo-sources

    PARIS, Nov 16 (Reuters) - U.S. carrier Delta Air Lines has deferred delivery of 10 Airbus A350 jets as it orders 10 of the cheaper A330neo long-haul models, people familiar with the matter said. Reuters earlier this week reported Delta

  • MoviePass Finally Scores a Subscription Plan No One Wants
    Business
    Motley Fool

    MoviePass Finally Scores a Subscription Plan No One Wants

    Helios and Matheson is posting sequential improvement in its operating loss for the third quarter, but it's only because it experienced a "significant decline" in subscribers. MoviePass had 3 million members at the end of June, peaking at 3.2 million by mid-August when it began to tighten the screws on the service's flexibility. MoviePass isn't telling us how many subscribers is has now or at the end of September. Helios and Matheson used to brag about its subscriber tallies, but it's not a surprise to see it tight-lipped on the way down.

  • Which Marijuana Stock Won Earnings Week -- Aurora Cannabis, Canopy Growth, Cronos Group, or Tilray?
    Business
    Motley Fool

    Which Marijuana Stock Won Earnings Week -- Aurora Cannabis, Canopy Growth, Cronos Group, or Tilray?

    For several leading Canadian marijuana growers, this was a big week. Four of the biggest players in the Canadian cannabis industry reported their quarterly results: Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), Cronos Group (NASDAQ: CRON), and

  • 3 Dividend Stocks Ideal for Retirees
    Business
    Motley Fool

    3 Dividend Stocks Ideal for Retirees

    Retirees are looking for safety and a reliable income stream from their investments. On that note, keep reading to see why our contributors recommend Pfizer (NYSE: PFE), Realty Income (NYSE: O), and AT&T (NYSE: T). George Budwell (Pfizer): If you're looking for a fairly safe income play in your retirement years, big-pharma giant Pfizer should definitely be on your radar.

  • Why Edison International Stock Is Surging Today
    Finance
    Motley Fool

    Why Edison International Stock Is Surging Today

    Shares of Edison International (NYSE: EIX) rebounded more than 12% by 10:30 a.m. EST on Friday after the utility provided an update on its restoration efforts following the Woolsey and Hill wildfires in Southern California. Southern California Edison (SCE), which is a subsidiary of Edison International, updated the market on the company's efforts to restore power to the communities impacted by fires in Southern California. SCE noted that it had restored power to 39,094 of the customers that lost it due to the wildfires, which was 86% of the total.

  • Better Buy: Western Digital Corporation vs. Cypress Semiconductor
    Business
    Motley Fool

    Better Buy: Western Digital Corporation vs. Cypress Semiconductor

    Western Digital (NASDAQ: WDC) and Cypress Semiconductor (NASDAQ: CY) were both hit hard by a slowdown in semiconductor demand, peaking memory prices, and trade tensions this year. Western Digital, the world's top maker of HDDs (hard disk drives) and the

  • The Procter & Gamble Company (NYSE:PG): The Yield That Matters The Most
    Finance
    Simply Wall St.

    The Procter & Gamble Company (NYSE:PG): The Yield That Matters The Most

    What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. Today we will examine PG’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. What is Procter & Gamble’s cash yield?

  • Nvidia loses an AMD worth of market cap on worst day for stock in more than a decade
    News
    MarketWatch

    Nvidia loses an AMD worth of market cap on worst day for stock in more than a decade

    Nvidia Corp.’s stock plummeted Friday for its worst one-day drop in more than a decade, as a disappointing earnings report cost the graphics-chip specialist more than $23 billion in market capitalization. Nvidia (NVDA) shares closed down nearly 19% at $164.43 in heavy trading, and are now down 15% for the year. Shares closed at their lowest price since Sept. 8, 2017, when they finished at $163.69, and the company’s market capitalization finished the day just below $100 billion at $99.97 billion.

  • Why Aurora Cannabis Bounced Back Today
    Business
    Motley Fool

    Why Aurora Cannabis Bounced Back Today

    Shares of Aurora Cannabis (NYSE: ACB) were 8.4% higher as of 3:14 p.m. EST Thursday after gaining over 10% earlier in the day. The rebound largely offset the marijuana stock's decline experienced on Wednesday. Aurora's only news was its announcement yesterday about the appointment of Dr. Jonathan Page as the company's chief science officer.

  • What’s Verizon’s Dividend Yield?
    Finance
    Market Realist

    What’s Verizon’s Dividend Yield?

    The Latest from Verizon: Cost Savings, Dividends, and Valuation (Continued from Prior Part) Verizon’s dividend yield Verizon (VZ) remains committed to paying higher dividends. The telecom company has declared a quarterly dividend of $0.60 per share in

  • Top Stocks Warren Buffett Just Bought
    Business
    Motley Fool

    Top Stocks Warren Buffett Just Bought

    Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) owns a lot of businesses outright, including homebuilders, railroads, and insurers, but it also manages a massive $200 billion stock portfolio that every investor ought to be paying attention