Habitat for Humanity of St. Joseph County Receives $150,000 Grant From KeyBank To Launch New Homeownership Training Center
KeyBank and the KeyBank Foundation have announced a $150,000 investment in Habitat for Humanity of St. Joseph County (HFHSJC) to launch a new Homeownership Training Center and home office. The renovated space in Mishawaka will be twice the size of HFHSJC's current location, accommodating organizational growth and expanded services. Over the next three years, HFHSJC aims to welcome 3,000 individuals to learn about homeownership programs and offer classes to approximately 95 families.
HFHSJC is also launching an Advancing Black Homeownership (ABH) initiative, aiming to build 30 homes for Black families by 2027. This partnership between KeyBank and HFHSJC is expected to strengthen the community and provide greater stability and prosperity for local families.
KeyBank e la KeyBank Foundation hanno annunciato un investimento di 150.000 dollari in Habitat for Humanity della Contea di St. Joseph (HFHSJC) per lanciare un nuovo Centro di Formazione per l'Acquisto della Casa e uffici. Lo spazio ristrutturato a Mishawaka sarà il doppio rispetto all'attuale sede di HFHSJC, permettendo la crescita organizzativa e l'espansione dei servizi. Nei prossimi tre anni, HFHSJC si prefigge di accogliere 3.000 persone per informarle sui programmi di acquisto della casa e offrire corsi a circa 95 famiglie.
HFHSJC sta inoltre avviando un'iniziativa chiamata Avanzamento della Proprietà Immobiliare degli Afroamericani (ABH), con l'obiettivo di costruire 30 case per famiglie afroamericane entro il 2027. Questa partnership tra KeyBank e HFHSJC si prevede rafforzerà la comunità e offrirà maggiore stabilità e prosperità alle famiglie locali.
KeyBank y la Fundación KeyBank han anunciado una inversión de 150,000 dólares en Habitat for Humanity del Condado de St. Joseph (HFHSJC) para lanzar un nuevo Centro de Capacitación en Propiedad de Vivienda y oficina. El espacio renovado en Mishawaka será el doble de grande que la ubicación actual de HFHSJC, lo que permitirá el crecimiento organizativo y la expansión de los servicios. En los próximos tres años, HFHSJC tiene como objetivo acoger a 3,000 personas para aprender sobre programas de propiedad de vivienda y ofrecer clases a aproximadamente 95 familias.
HFHSJC también está lanzando una iniciativa de Avanzando en la Propiedad de Vivienda para Negros (ABH), que busca construir 30 casas para familias negras para 2027. Se espera que esta asociación entre KeyBank y HFHSJC fortalezca la comunidad y proporcione una mayor estabilidad y prosperidad para las familias locales.
KeyBank와 KeyBank 재단은 Habitat for Humanity of St. Joseph County (HFHSJC)에 150,000달러 투자를 발표하며 새로운 주택 소유 교육 센터 및 사무실을 개설합니다. 미샤와카에 있는 새롭게 리모델링된 공간은 HFHSJC의 현재 위치보다 두 배 크며, 조직 성장과 확장된 서비스에 맞춰져 있습니다. 향후 3년 동안 HFHSJC는 3,000명을 초대하여 주택 소유 프로그램에 대해 배우고 약 95가구에 교육 과정을 제공할 예정입니다.
HFHSJC는 또한 흑인 주택 소유 증진 (ABH) 이니셔티브를 시작하여 2027년까지 30채의 주택을 흑인 가구를 위해 건설할 계획입니다. KeyBank과 HFHSJC 간의 이 파트너십은 지역사회를 강화하고 지역 가구에 더 큰 안정성과 번영을 제공할 것으로 기대됩니다.
KeyBank et la Fondation KeyBank ont annoncé un investissement de 150 000 dollars dans Habitat for Humanity du comté de St. Joseph (HFHSJC) pour lancer un nouveau Centre de Formation à la Propriété et des bureaux. L'espace rénové à Mishawaka sera deux fois plus grand que l'emplacement actuel de HFHSJC, permettant ainsi la croissance organisationnelle et l'expansion des services. Au cours des trois prochaines années, HFHSJC vise à accueillir 3 000 personnes pour les informer sur les programmes de propriété et offrir des cours à environ 95 familles.
HFHSJC lance également une initiative Avancement de la Propriété pour les Noirs (ABH), visant à construire 30 maisons pour des familles noires d'ici 2027. Ce partenariat entre KeyBank et HFHSJC est censé renforcer la communauté et offrir une plus grande stabilité et prospérité aux familles locales.
KeyBank und die KeyBank-Stiftung haben eine Investition in Höhe von 150.000 Dollar in Habitat for Humanity des St. Joseph County (HFHSJC) angekündigt, um ein neues Schulungszentrum für Eigenheime und ein Büro einzurichten. Der renovierte Raum in Mishawaka wird doppelt so groß sein wie die derzeitige Lage von HFHSJC und somit organisatorisches Wachstum und erweiterte Dienstleistungen ermöglichen. In den nächsten drei Jahren plant HFHSJC, 3.000 Personen willkommen zu heißen, um sie über Programme zum Eigenheimkauf zu informieren und etwa 95 Familien Klassen anzubieten.
HFHSJC startet außerdem eine Initiative zur Förderung des Eigenheimkaufs für Schwarze (ABH), mit dem Ziel, bis 2027 30 Häuser für schwarze Familien zu bauen. Diese Partnerschaft zwischen KeyBank und HFHSJC wird voraussichtlich die Gemeinschaft stärken und mehr Stabilität und Wohlstand für lokale Familien bieten.
- KeyBank's $150,000 investment supports HFHSJC's expansion and new services
- HFHSJC aims to educate 3,000 individuals on homeownership programs over three years
- New initiative to build 30 homes for Black families by 2027, addressing homeownership inequities
- None.
Insights
KeyBank's
The initiative's focus on increasing Black homeownership addresses a critical socioeconomic issue, potentially leading to improved community stability and economic growth. This aligns with growing investor interest in ESG (Environmental, Social and Governance) factors. However, the direct financial impact on KeyBank is likely minimal in the short term, serving more as a reputation enhancer and potential customer base expander in the Northern Indiana market.
The launch of HFHSJC's Homeownership Training Center is a significant development in addressing housing affordability issues. The ambitious goal of welcoming 3,000 individuals and offering classes to 95 families over three years could have a measurable impact on local homeownership rates.
The Advancing Black Homeownership (ABH) initiative, aiming to build 30 homes for Black families by 2027, is particularly noteworthy. This targeted approach addresses historical inequities and could serve as a model for other regions. If successful, it may lead to increased property values, community stability and economic growth in St. Joseph County, potentially creating a ripple effect in the local housing market and economy.
The new center will also serve as Habitat's new home office, accommodating for organizational growth.
NORTHAMPTON, MA / ACCESSWIRE / September 5, 2024 / KeyBank and the KeyBank Foundation announced an investment of
The vibrant new space, a renovated former medical building in Mishawaka, will be twice the size of HFHSJC's current location and large enough to accommodate their organizational growth, allowing for more mission-driven services.
Over the next three years, the nonprofit is aiming to:
Welcome 3,0000 individuals into the new Homeownership Training Center to learn about their homeownership programming,
Offer homeownership classes to approximately 95 families, presenting information on construction and home maintenance, budgeting, life insurance and estate planning, and
Utilize the space to host informational sessions, celebrations and other events-partnering with local organizations with coinciding missions.
HFHSJC is also planning to address Black homeownership rates with its new Advancing Black Homeownership (ABH) initiative. The nonprofit is dedicating efforts to educate Northern Indiana community members of the history of discrimination as well as continued inequities in housing by creating additional home-build and roof repair/replacement opportunities specifically for Black homeowners.
By 2027, Habitat plans to build 30 homes for Black families of St. Joseph County by empowering an estimated 80 adults and children who would have otherwise been excluded from homeownership to have access to decent, stable, affordable housing.
"KeyBank's purpose is to help the communities we serve thrive, and accessibility to homeownership resources is a crucial element," said Bhumika Norris, Northern Indiana KeyBank Market President. "We are excited to partner with and support Habitat, helping to connect our community members to industry experts and resources in the homeownership arena. This partnership will not only strengthen our community, but it will lead to even greater stability and prosperity that our local families deserve."
"KeyBank has been an engaged partner with Habitat for Humanity of St. Joseph County for years," said Jim Williams, President and CEO of HFHSJC. "We so appreciate their commitment to help address the housing affordability crisis in our community and their investment in our new Home Ownership Training Center. The positive impact of the financial and home ownership education families will receive will be felt for years to come."
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.
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SOURCE: KeyBank
View the original press release on accesswire.com
FAQ
What is the amount of KeyBank's grant to Habitat for Humanity of St. Joseph County?
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What is the goal of HFHSJC's Advancing Black Homeownership (ABH) initiative by 2027?
How many families will HFHSJC offer homeownership classes to over the next three years?
