Columbus Urban League Receives $300,000 Grant from KeyBank to Tackle Central Ohio Housing Instability Issues
KeyBank and KeyBank Foundation have granted $300,000 to the Columbus Urban League (CUL) to support the Housing Accelerator Program (HAP) in Central Ohio. HAP aims to tackle housing instability issues by providing wrap-around services for vulnerable residents, assisting with affordable housing, generational wealth, and career services. The investment will help promote safe, quality, and affordable housing, addressing disparities exacerbated by the pandemic. The program targets homeless or at-risk individuals, the unemployed, survivors of domestic violence, justice-involved individuals, and those with low credit scores. CUL will provide housing education and support clients in starting new careers. KeyCorp, with assets of $187 billion, supports individuals and businesses in 15 states. CUL, a 105-year-old organization, advocates for Black and urban communities, promoting wealth, education, and strong families.
KeyBank's $300,000 investment in the Columbus Urban League's Housing Accelerator Program (HAP) supports efforts to address housing instability issues in Central Ohio.
The program provides wrap-around services to vulnerable residents, focusing on affordable housing, generational wealth, and career services to promote financial independence.
The partnership aims to promote safe, quality, and affordable housing and address disparities exacerbated by the pandemic, aiding homeless or at-risk individuals, the unemployed, survivors of domestic violence, justice-involved individuals, and those with low credit scores.
No negative aspects identified in the press release.
Grant dollars will support Columbus Urban League's mission of dismantling systemic barriers faced by Black and Urban Communities and investing in people's strengths to stabilize families and grow wealth
NORTHAMPTON, MA / ACCESSWIRE / May 9, 2024 / KeyBank and the KeyBank Foundation announced an investment of
HAP provides wrap-around case management services to assist vulnerable Columbus residents in accessing or maintaining affordable housing, developing generational wealth and receiving career services to promote financial independence.
"For more than 100 years, Columbus Urban League has helped improve the lives of thousands of people across Central Ohio and is a major advocate for systemic change," said Lara DeLeone, KeyBank's Central Ohio Market President. "We are thrilled to support CUL, and the Housing Accelerator Program, to promote safe, quality and affordable housing for the individuals and families they serve. The wrap-around services CUL provides are vital for understanding and building a stable financial future."
"The HAP is the next solution in response to the recovery from the devastating impact of the pandemic," said Jeaneen Hooks, Vice President of Programming at CUL. "COVID-19 exacerbated affordable housing issues that predated the pandemic and that still has deep disparities that threaten the strength of an economic recovery which must work for everyone. With this transformational investment from KeyBank, we can maximize the impact of this short-term intervention to provide mid-term financial independence and long-term self-sufficiency."
Those who qualify for the HAP include:
- Homeless, at risk of homelessness
- Unemployed or under employment
- Fleeing-domestic violence
- Justice-involved (non-violent crimes)
- Previous eviction filings
- Those with 620 or lower credit score
The program will pair clients with a Housing Counselor, Wealth Navigator and Job Coach to help identify the supports needed to successfully complete the housing education program (core curriculum consists of analyzing credit reports, improving credit scores, debt management, adhering to budgets, understanding credit scoring, savings, etc.) and start their new career.
ABOUT KEYCORP
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
ABOUT COLUMBUS URBAN LEAGUE
The 105-year-old Columbus Urban League (CUL) is an advocate and resource for Black and urban communities that is dedicated to growing wealth, education, earning power and small businesses while also supporting strong families. Driven to advance racial equity and social justice, CUL has distinguished itself as an effective organization in numerous ways, including as one of only ten organizations to be selected for funding by One Million Black Women and by earning ranking as one of the top five percent of all 93 National Urban League affiliates. For more information, visit cul.org.
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Contact Info:
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SOURCE: KeyBank
View the original press release on accesswire.com
FAQ
<p>What is the purpose of the $300,000 grant from KeyBank to the Columbus Urban League?</p>
The grant aims to support the Housing Accelerator Program (HAP) in addressing housing instability issues in Central Ohio.
<p>Who qualifies for the Housing Accelerator Program (HAP) provided by the Columbus Urban League?</p>
Individuals who are homeless or at risk, unemployed, survivors of domestic violence, justice-involved, or have a credit score of 620 or lower qualify for the program.
<p>What services does the HAP offer to clients?</p>
The program includes housing education, wrap-around services, and support to start new careers by identifying needed support and completing core curriculum activities.
<p>What is KeyCorp's role in the grant announcement?</p>
KeyCorp, with assets of $187 billion, supports the grant to the Columbus Urban League, providing deposit, lending, cash management, and investment services to individuals and businesses in 15 states.
<p>What is the mission of the Columbus Urban League?</p>
The Columbus Urban League advocates for Black and urban communities, promoting wealth, education, earning power, and supporting strong families. The organization aims to advance racial equity and social justice.
