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OICA’s THOMASENIA G. COTTON JOINS AMERIDREAM, INCORPORATED BOARD OF DIRECTORS
 


GAITHERSBURG, MD (December 2, 2003) – Thomasenia G. Cotton, president and chief operating officer (COO) of Opportunities Industrialization Centers of America, Inc. has joined the Board of Directors of AmeriDream, Incorporated, a leading non-profit provider of affordable housing. 

Ctton has served as the chief staff officer for OIC of America for four years. OIC of America is a non-profit organization that provides quality education, training, employment, healthcare and housing services to economically disadvantaged people of all races and backgrounds, enabling them to become self-sufficient and more fulfilled members of American society.
OIC of America teaches individuals that bettering themselves helps improve society – something that AmeriDream echoes in its mission of expanding affordable housing opportunities and promoting the value of homeownership as the foundation for building strong communities and individual prosperity. Cotton’s extensive background in the non-profit sector will benefit AmeriDream greatly, as she possesses the knowledge of how nonprofits succeed and better peoples’ lives.      
 
“We are very excited to have Thomasenia join our board,” said Tom Carmody, AmeriDream’s Chairman of the Board. “Her knowledge in the non-profit sector will be a great asset to AmeriDream, and her particular experience with OIC of America and her years of helping people help themselves goes hand-in-hand with AmeriDream’s goals. We believe that helping people achieve homeownership creates a generational cycle of wealth-building that positively affects families for years to come.” 

Ctton received her B.A. Degree in Sociology from North Carolina Central University, her M.S. Degree in Human Resource Management from the University of Utah, and has completed the required on-campus hours for her Doctoral Degree in Urban Education from Temple University.  During her tenure with OIC of America, she has worked in a number of positions including: project officer and supervisor of the management information system unit; chief of protocol and manager of the national convention; field specialist for the office of field operations, and director of the office of field service coordination. 

AmeriDream operates several programs in support of its mission of providing affordable homeownership opportunities to low- and moderate-income individuals and families. AmeriDream’s Downpayment Gift Program provides eligible buyers with up to five percent of the purchase price of a home for a down payment or for closing costs.  Additionally, The AmeriDream Redevelopment Program builds new, affordable homes and renovates existing properties, placing these properties on the market at prices that accommodate predominantly very low- to low-income homebuyers. And, AmeriDream Solutions, Inc., AmeriDream’s home retention program, provides guidance to homeowners who experience financial difficulties by working with them and their mortgage companies to make sure all alternatives are examined in an effort to prevent foreclosure. For more information, visit www.ameridream.org.
 


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The mission of AmeriDream, Inc., headquartered in Gaithersburg, MD, is to expand homeownership opportunities for underserved groups and promote the value of homeownership as the foundation for building strong communities and individual prosperity. AmeriDream, Inc. is a non-profit, publicly supported organization that is tax-exempt under Internal Revenue Code Section 501(c)(3). AmeriDream, Inc. meets the requirements for a charitable organization, as referenced in the HUD Handbook 4155.1 REV-4, CHG-1 Section 2-10 for FHA insured loans.  In addition to The AmeriDream Downpayment Gift Program, AmeriDream also operates The AmeriDream Redevelopment Program in the Washington, DC metropolitan area and Florida, and the Community Link Program nationwide. Through the Redevelopment Program, AmeriDream has spent more than $8 million to rehabilitate properties and return them to the market at affordable prices. Through Community Link, AmeriDream has donated more than $1.5 million to a range of community organizations, including Habitat for Humanity, the American Red Cross Disaster Relief Fund, and the Victims Rights Foundation.