STOCK TITAN

Ameris Bank Contributes $2 Million to Florida ‘Live Local’ Program

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Ameris Bank (ABCB) has announced a $2 million contribution to the Florida Housing Finance 's Live Local Program, which provides low-interest loans for affordable housing development in Florida. The program, administered by the State Apartment Incentive Loan Program (SAIL), offers taxpayers dollar-for-dollar credit against Florida corporate income tax or insurance premium tax.

CEO Palmer Proctor emphasized the initiative's focus on supporting workers seeking housing near their workplace, as well as addressing the needs of elderly and low-income families affected by housing availability.

Ameris Bank (ABCB) ha annunciato un contributo di 2 milioni di dollari al Programma Live Local della Florida Housing Finance, che offre prestiti a basso interesse per lo sviluppo di alloggi accessibili in Florida. Il programma, gestito dal Programma di Prestiti per Incentivi agli Appartamenti Statali (SAIL), offre ai contribuenti un credito dollar-for-dollar contro l'imposta sul reddito delle società della Florida o l'imposta sui premi assicurativi.

Il CEO Palmer Proctor ha sottolineato l'importanza dell'iniziativa nel sostenere i lavoratori che cercano abitazioni vicino al loro luogo di lavoro, oltre a rispondere alle esigenze degli anziani e delle famiglie a basso reddito colpite dalla disponibilità di alloggi.

Ameris Bank (ABCB) ha anunciado una contribución de 2 millones de dólares al Programa Live Local de Florida Housing Finance, que proporciona préstamos a bajo interés para el desarrollo de viviendas asequibles en Florida. El programa, administrado por el Programa de Préstamos por Incentivos para Apartamentos del Estado (SAIL), ofrece a los contribuyentes un crédito dólar por dólar contra el impuesto sobre la renta corporativa de Florida o el impuesto sobre primas de seguros.

El CEO Palmer Proctor enfatizó el enfoque de la iniciativa en apoyar a los trabajadores que buscan vivienda cerca de su lugar de trabajo, así como en abordar las necesidades de las familias de ancianos y de bajos ingresos afectadas por la disponibilidad de vivienda.

Ameris Bank (ABCB)는 플로리다 주택 금융의 라이브 로컬 프로그램에 200만 달러 기부를 발표했습니다. 이 프로그램은 플로리다에서 저렴한 주택 개발을 위한 저금리 대출을 제공합니다. 이 프로그램은 주 아파트 인센티브 대출 프로그램(SAIL)에 의해 관리되며, 납세자에게는 플로리다 기업 소득세 또는 보험료세에 대한 달러 대 달러 크레딧을 제공합니다.

CEO 팔머 프로터는 이니셔티브가 근무지 근처에서 주택을 찾는 근로자를 지원하는 데 중점을 두고 있으며, 주택 가용성에 영향을 받은 노인 및 저소득 가정의 필요를 해결하는 데에도 초점을 맞추고 있다고 강조했습니다.

Ameris Bank (ABCB) a annoncé une contribution de 2 millions de dollars au programme Live Local de la Florida Housing Finance, qui propose des prêts à faible intérêt pour le développement de logements abordables en Floride. Le programme, administré par le Programme de Prêts pour Incitations aux Appartements de l'État (SAIL), offre aux contribuables un crédit dollar pour dollar contre l'impôt sur les sociétés de Floride ou l'impôt sur les primes d'assurance.

Le PDG Palmer Proctor a souligné l'importance de l'initiative pour soutenir les travailleurs cherchant un logement près de leur lieu de travail, ainsi que pour répondre aux besoins des personnes âgées et des familles à faible revenu touchées par la disponibilité de logements.

Ameris Bank (ABCB) hat einen Beitrag von 2 Millionen Dollar zum Live Local Programm der Florida Housing Finance angekündigt, das zinsgünstige Darlehen für die Entwicklung von erschwinglichem Wohnraum in Florida bereitstellt. Das Programm, das vom State Apartment Incentive Loan Program (SAIL) verwaltet wird, bietet Steuerzahlern einen Dollar-für-Dollar-Gutschrift gegen die Körperschaftssteuer oder die Versicherungsprämiensteuer in Florida.

CEO Palmer Proctor betonte den Fokus der Initiative auf die Unterstützung von Arbeitnehmern, die Wohnraum in der Nähe ihres Arbeitsplatzes suchen, sowie auf die Bedürfnisse von älteren und einkommensschwachen Familien, die von der Verfügbarkeit von Wohnraum betroffen sind.

Positive
  • Tax credit benefit: Dollar-for-dollar credit against Florida corporate taxes
Negative
  • None.

ATLANTA--(BUSINESS WIRE)-- Ameris Bank is contributing $2 million to the Florida Housing Finance Corporation for the Live Local Program which provides low-interest loans for the development of quality affordable housing in the state.

“The need for affordable housing is great, and Ameris is pleased to participate in the Live Local Program to benefit workers who want to live close to their jobs, as well as elders and low-income families who are facing particular strain from the tight housing supply,” said Ameris Bank CEO Palmer Proctor.

The State Apartment Incentive Loan Program (SAIL) administers the program, which allows taxpayers to receive a dollar-for-dollar credit against the Florida corporate income tax or Florida insurance premium tax.

“Together with other companies, we can make a significant difference in the lives of many Floridians by encouraging more affordable housing developments with this program,” Proctor said.

About Ameris Bank

Ameris Bank, a subsidiary of Ameris Bancorp (NYSE: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $26.3 billion in assets as of Dec. 31, 2024, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at amerisbank.com.

Katie Lopez

Katie.Lopez@amerisbank.com

Source: Ameris Bank

FAQ

How much did Ameris Bank (ABCB) contribute to Florida's Live Local Program?

Ameris Bank contributed $2 million to the Florida Housing Finance 's Live Local Program.

What tax benefits do contributors receive from Florida's Live Local Program?

Contributors receive dollar-for-dollar tax credits against Florida corporate income tax or insurance premium tax.

Who administers the Live Local Program that Ameris Bank (ABCB) is supporting?

The State Apartment Incentive Loan Program (SAIL) administers the Live Local Program.

What is the purpose of the Live Local Program supported by Ameris Bank?

The program provides low-interest loans for developing affordable housing in Florida, benefiting workers, elderly, and low-income families.
Ameris Bancorp

NYSE:ABCB

ABCB Rankings

ABCB Latest News

ABCB Stock Data

3.98B
65.34M
5.02%
93.4%
1.66%
Banks - Regional
State Commercial Banks
Link
United States
ATLANTA