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December 12 2012

Hurricane Sandy: Project Restore HOPE Gets Necessary Support by Private Sector Financial Industry Firms


New York – December 12, 2012 – Operation HOPE, Inc. (HOPE), today hosted a cadre of financial sector corporations, including early commitment supporters Allstate, Ares Capital and HSBC, to bolster disaster recovery efforts for Hurricane Sandy. The breakfast meeting was held to coordinate support for a two-year financial recovery effort, Hurricane Sandy: Project Restore HOPE, the nonprofit announced.
Led by its preparedness and recovery division, HOPE Coalition America (HCA), bankers and expanded financial industry professionals including insurance companies, CPA and law firms and investment bankers were asked to allow and encourage employees to become HCA disaster financial recovery volunteers.
In November, HOPE deployed HCA Director, Jason Yancey to New Jersey to help recruit, coordinate and train volunteers for financial recovery assistance to individuals and business owners affected by the devastating storm as part of the FEMA-HOPE Response Plan.
“Hurricane Sandy has produced financial recovery challenges; disruption of revenues and individual income, extensive flooding, power and gas outages for extended times, homes and buildings not occupied for several weeks and the additional challenges created by the east coast winter weather”, said John Hope Bryant, Operation HOPE founder, chairman and chief executive officer. “We have responded on the ground, virtually and through our national call center, in all of the impacted states, but principally in New York and New Jersey.  Specifically, this is an opportunity for the financial sector and its leaders to show direct and practical support in America, for Americans.”
After a disaster, obtaining lost or destroyed documents, securing home inspections, filing insurance claims, deferring payments and negotiating with creditors, and completing FEMA assistance applications are all critical to reclaiming financial stability. Anyone affected by the devastating effects of Sandy should call the HCA toll-free hotline at 888-388-HOPE (4673) to receive free disaster financial recovery services.
HCA is a collaborative effort that allows knowledgeable, responsible individuals employed in the regulated financial services industry to provide one-on-one assistance to individuals and families recovering from disasters. Since its formation in 2001, and as a result of its national partnership with the Department of Homeland Security, HCA has distributed over 500,000 copies of the Emergency Financial First Aid Kit (EFFAK) and the Personal Disaster Preparedness Guide (PDPG), in addition to providing financial triage to survivors across the country for more than 30 disasters, including Hurricane Katrina, the Georgia Floods, and the 2007 California Wildfires, among others.
HOPE is a global nonprofit social investment banking and financial dignity empowerment organization. Through several global initiatives and three principal financial literacy programs: Banking on Our Future (teaching school children about money), HOPE Coalition America (financial emergency preparedness and disaster financial recovery), and the HOPE Financial Dignity Centers (loans, bill pay, computer literacy, understanding banking principles), HOPE is leading the “silver rights” movement towards making free enterprise and capitalism relevant to all underserved communities.