Household International Invests $2 Million To Increase Affordable Housing and Neighborhood Development in Chicago

Apr 27, 2001, 01:00 ET from Household International

    PROSPECT HEIGHTS, Ill., April 27 /PRNewswire/ -- Household International
 (NYSE:   HI), the 123-year-old, $97 billion (managed assets) consumer lender,
 today announced a $2 million investment in a real estate project that will
 benefit emerging growth areas around Chicago.
     The project, Neighborhood Rejuvenation Partners, L.P., pairs Household and
 eight other investors with the Davis Group, a real estate company specializing
 in the rejuvenation of transitioning Chicago neighborhoods.  The $17 million
 community investment project will span 10 years and will fund the development
 of affordable multi- and single family housing, as well as commercial spaces
 in select neighborhoods.
     "We are excited to participate in this project, not only because it will
 directly benefit our community, but because it aligns with our mission of
 making affordable housing available to middle-market Americans," said Craig
 Streem, vice president of corporate relations and communications.  "At
 Household, we are committed to improving the quality of life in the
 communities where we do business."
     "Investor support of this initiative enables us to create valuable and
 much-needed housing that will enhance the Chicago community for residents and
 local businesses," said Allison S. Davis, the senior founding member of the
 Davis Group.  "Chicago is fortunate to have businesses like Household who care
 about the well being of their community."
     Founded in 1878, Household International, through its subsidiaries, is a
 leading provider of consumer finance, credit cards, non-prime auto finance and
 credit insurance products in the United States, United Kingdom and Canada.  In
 the United States, Household operates under the two oldest and most widely
 recognized names in consumer finance-HFC and Beneficial.  Household is also
 one of the nation's largest issuers of private-label and general purpose
 credit cards, including the GM Card and the AFL-CIO's Union Privilege card.
 For more information, visit the company's Web site at
 http://www.household.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56372749
 
 

SOURCE Household International
    PROSPECT HEIGHTS, Ill., April 27 /PRNewswire/ -- Household International
 (NYSE:   HI), the 123-year-old, $97 billion (managed assets) consumer lender,
 today announced a $2 million investment in a real estate project that will
 benefit emerging growth areas around Chicago.
     The project, Neighborhood Rejuvenation Partners, L.P., pairs Household and
 eight other investors with the Davis Group, a real estate company specializing
 in the rejuvenation of transitioning Chicago neighborhoods.  The $17 million
 community investment project will span 10 years and will fund the development
 of affordable multi- and single family housing, as well as commercial spaces
 in select neighborhoods.
     "We are excited to participate in this project, not only because it will
 directly benefit our community, but because it aligns with our mission of
 making affordable housing available to middle-market Americans," said Craig
 Streem, vice president of corporate relations and communications.  "At
 Household, we are committed to improving the quality of life in the
 communities where we do business."
     "Investor support of this initiative enables us to create valuable and
 much-needed housing that will enhance the Chicago community for residents and
 local businesses," said Allison S. Davis, the senior founding member of the
 Davis Group.  "Chicago is fortunate to have businesses like Household who care
 about the well being of their community."
     Founded in 1878, Household International, through its subsidiaries, is a
 leading provider of consumer finance, credit cards, non-prime auto finance and
 credit insurance products in the United States, United Kingdom and Canada.  In
 the United States, Household operates under the two oldest and most widely
 recognized names in consumer finance-HFC and Beneficial.  Household is also
 one of the nation's largest issuers of private-label and general purpose
 credit cards, including the GM Card and the AFL-CIO's Union Privilege card.
 For more information, visit the company's Web site at
 http://www.household.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X56372749
 
 SOURCE  Household International