PHOENIX, Feb. 26, 2024 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (NASDAQ:CVCO) announced today that the first homes have been purchased by two graduates of its unique Homes for Our Own (HFOO) program. The program is a six-week, interactive workshop to help educate company employees on how to budget, how to buy a home and then, if they choose to move forward, to help them purchase their first home.
The self-funded program invites Cavco employees to voluntarily donate money through automatic payroll deductions to help fellow employees who are HFOO graduates purchase their first home. Cavco matches employee donations up to $200,000 annually, and the money helps underwrite purchasing costs for HFOO graduates who qualify for financial assistance to buy a home.
HFOO has been a dream of Cavco CEO Bill Boor’s for years. “I wanted to make …