GMAC Financial Services to Fund More Than a Dozen Community Build Day Projects Throughout August

Projects Include Habitat for Humanity Homes, School Supply Drives

DETROIT, Aug. 7, 2007 -- Helping to make communities around the country better places to live and work, GMAC Financial Services will provide funding and sponsorships for 13 community improvement projects throughout the month of August, including the building of homes in partnership with Habitat for Humanity and the collection of school supplies for students in need.

GMAC's commitment is part of a larger effort being conducted by the Financial Services Roundtable and its annual Community Build Day initiative. Along with 76 other financial services companies, Community Build Day results in the building of homes in more than 200 cities across the United States, as well as participation in other activities aimed at improving the community that financial services companies serve.

"At GMAC Financial Services, we embrace these opportunities to give back to our communities," said GMAC President Bill Muir. "GMAC believes in supporting efforts that strengthen local communities, particularly those focusing on housing and human services, financial literacy and education. We are pleased to participate in these projects to revitalize neighborhoods and help students get the tools they need to learn."

National partners for the 2007 Community Build Day include Habitat for Humanity, NeighborWorks(R) America, Rebuilding Together, America's Promise, USA Freedom Corps., and the Points of Light Foundation.

"Community Build Day demonstrates to the public how the financial services industry works 365 days a year to improve the communities that they serve," said Steve Bartlett, president and CEO of The Financial Services Roundtable. "The member companies of the Roundtable are competitors in the marketplace, but this day shows our cooperation in the community."

The 13 projects that GMAC will sponsor for Community Build Day include four homes built in conjunction with Habitat for Humanity in:

  * Minneapolis (Aug. 27 to 29)
  * Philadelphia (Aug. 1 to 6)
  * Sacramento (Aug. 4)
  * Pittsburgh (Aug. 4)

GMAC's Community Build Day projects also include nine school supply drives for schools in the following cities throughout August:

  * Bethesda, Md.: (Montgomery Housing Partnership)
  * Petaluma, Calif.: (Sierra Youth Center and Valley of the Moon
                         Children's Home)
  * Costa Mesa, Calif.: (Lathrop Intermediate School)
  * Horsham, Penn.: (Christ's Home for Children)
  * Waterloo, Iowa: (Partners In Education, Irving School)
  * Dallas: (JW Ray School)
  * Minneapolis: (Hans Christian Andersen Open Elementary)
  * Richfield, Minn.: (Partnership Academy)
  * Southfield, Mich.: (Samuel Gompers School)

Schools were selected based on GMAC office locations and the needs of students, taking into account such things as poverty levels, special needs and numbers of English language learners.

This year marks the sixth annual Community Build Day. Richard Davis, president and CEO of U.S. Bancorp, is the 2007 Community Build Day Chairman. The National Sponsors for the 2007 Community Build Day are: ACE Group, AEGON USA, Inc., Allstate Insurance Company, American General Financial Services, Barclays Capital, Capital One Financial Corporation, Citi, Edward Jones, ING, MasterCard Worldwide, Merrill Lynch, Principal Financial Group, Raymond James, Regions Financial Corporation, State Farm Insurance(R), Toyota Financial Services, Unum, U.S. Bancorp, WaMu, and Wells Fargo.