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U.S. Bank Helps Build 30 Habitat for Humanity Homes in St. Paul

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U.S. Bank participated in Habitat for Humanity's 2024 Jimmy & Rosalynn Carter Work Project, contributing 150 employees to build 30 affordable homes in St. Paul, Minnesota. The project is part of The Heights, a development that will include 1,000 housing units and create 1,000 jobs. As a diamond sponsor, U.S. Bank, through its Impact Finance division, has invested over $137.6 million in Habitat projects nationwide since 2008, creating over 3,901 housing units. In 2023, U.S. Bank provided $1.9 million in corporate contributions and foundation giving to Habitat, with employees volunteering more than 6,000 hours.

U.S. Bank ha partecipato al progetto di lavoro 2024 di Jimmy e Rosalynn Carter di Habitat for Humanity, contribuendo con 150 dipendenti alla costruzione di 30 case a prezzi accessibili a St. Paul, Minnesota. Il progetto fa parte di The Heights, uno sviluppo che includerà 1.000 unità abitative e creerà 1.000 posti di lavoro. In qualità di sponsor principale, U.S. Bank, attraverso la sua divisione Impact Finance, ha investito oltre $137,6 milioni in progetti Habitat a livello nazionale dal 2008, creando oltre 3.901 unità abitative. Nel 2023, U.S. Bank ha fornito $1,9 milioni in contributi aziendali e donazioni fondazionali a Habitat, con dipendenti che hanno offerto più di 6.000 ore di volontariato.

U.S. Bank participó en el proyecto de trabajo 2024 de Jimmy y Rosalynn Carter de Habitat for Humanity, contribuyendo con 150 empleados para construir 30 hogares asequibles en St. Paul, Minnesota. El proyecto es parte de The Heights, un desarrollo que incluirá 1.000 unidades de vivienda y creará 1.000 empleos. Como patrocinador diamante, U.S. Bank, a través de su división de Impact Finance, ha invertido más de $137.6 millones en proyectos de Habitat a nivel nacional desde 2008, creando más de 3.901 unidades de vivienda. En 2023, U.S. Bank proporcionó $1.9 millones en contribuciones corporativas y donaciones fundacionales a Habitat, y los empleados voluntariaron más de 6.000 horas.

U.S. Bank는 2024년 Jimmy & Rosalynn Carter Work Project에 참여하여 미네소타 주 세인트폴에서 30개의 저렴한 주택을 건설하기 위해 150명의 직원을 기여했습니다. 이 프로젝트는 1,000개의 주거 단위와 1,000개의 일자리를 창출할 The Heights의 일환입니다. 다이아몬드 스폰서로서 U.S. Bank는 Impact Finance 부서를 통해 2008년부터 전국적으로 Habitat 프로젝트에 $137.6백만 이상을 투자하여 3,901개 이상의 주택 단위를 창출했습니다. 2023년에 U.S. Bank는 Habitat에 $1.9백만의 기업 기부금과 재단 기부를 제공하고, 직원들이 6,000시간 이상의 자원봉사를 했습니다.

U.S. Bank a participé au projet de travail 2024 de Jimmy et Rosalynn Carter de Habitat for Humanity, en contribuant 150 employés à la construction de 30 maisons abordables à St. Paul, Minnesota. Le projet fait partie de The Heights, un développement qui comprendra 1.000 unités de logement et créera 1.000 emplois. En tant que sponsor diamant, U.S. Bank, par l'intermédiaire de sa division Impact Finance, a investi plus de 137,6 millions de dollars dans des projets Habitat à l'échelle nationale depuis 2008, créant plus de 3.901 unités de logement. En 2023, U.S. Bank a fourni 1,9 million de dollars en contributions corporatives et en dons de fondations à Habitat, avec des employés ayant fait plus de 6.000 heures de bénévolat.

U.S. Bank nahm am 2024 Jimmy & Rosalynn Carter Work Project von Habitat for Humanity teil und stellte 150 Mitarbeiter zur Verfügung, um 30 erschwingliche Wohnungen in St. Paul, Minnesota, zu bauen. Das Projekt ist Teil von The Heights, einer Entwicklung, die 1.000 Wohneinheiten umfassen und 1.000 Arbeitsplätze schaffen wird. Als Diamantsponsor hat U.S. Bank über seine Abteilung Impact Finance seit 2008 mehr als $137,6 Millionen in Habitat-Projekte im ganzen Land investiert, wodurch über 3.901 Wohneinheiten geschaffen wurden. Im Jahr 2023 stellte U.S. Bank $1,9 Millionen an Unternehmensspenden und Stiftungszuwendungen an Habitat zur Verfügung, und die Mitarbeiter haben mehr als 6.000 Stunden freiwillige Arbeit geleistet.

Positive
  • Significant investment of $137.6M in affordable housing projects nationwide since 2008
  • Created over 3,901 housing units through federal NMTC Program
  • Contributed $1.9M in corporate and foundation giving to Habitat in 2023
  • Participation in large-scale development project creating 1,000 jobs
Negative
  • None.

150 U.S. Bank employees don hard hats and tool belts to make homeownership a reality for Minnesota families

NORTHAMPTON, MA / ACCESSWIRE / November 14, 2024 / U.S. Bank employees joined thousands of volunteers to build 30 affordable homes in St. Paul, Minnesota, during Habitat for Humanity's 2024 Jimmy & Rosalynn Carter Work Project.

Originally published on U.S. Bank company blog

On a stretch of land on the east side of St. Paul, Minnesota, where people used to swing golf clubs, thousands of volunteers recently swung hammers instead. And among them were 150 U.S. Bank employees who participated in Habitat for Humanity's 2024 Jimmy & Rosalynn Carter Work Project, which aimed to build 30 homes over the course of five days and bring the dream of homeownership to local residents.

The homes are part of a new affordable housing development called The Heights, located on a former golf course, that eventually will include 1,000 housing units, community greenspaces and amenities and create 1,000 jobs. The homes in this all-electric community will feature solar panels or shingles, heat pumps, water conservation measures and more. The Carter Work Project launched Habitat's construction efforts, and U.S. Bank served as a diamond sponsor for the event, with support provided by U.S. Bank and U.S. Bancorp Impact Finance.

"Supporting homeownership is both a business and philanthropic focus at U.S. Bank. Safe and affordable housing helps support thriving communities," said Reba Dominski, chief social responsibility officer at U.S. Bank and president of the U.S. Bank Foundation.

When the first group of U.S. Bank volunteers arrived at the build site, they were greeted with piles of lumber, tools and construction professionals ready to help them begin work. Over the course of the five days, volunteers built and framed walls, put in windows, installed sheeting and drywall and helped raise roofs. Some were newcomers to the event, and others, such as Impact Finance Senior Vice President Bill Carson, were repeat Carter Work Project participants and eager to put on their hard hats again.

"It really changes everyone's perspective on what it takes to give back to the community. It's a great way of team building, it's a great way of getting your hands literally dirty, and not looking at a community in terms of a spreadsheet or dollars and cents, but really thinking about how this brand-new community is going to have an impact on the future of St. Paul and its residents," Carson said.

This year's Carter Work Project held special significance. 2024 marks the project's 40th anniversary, and President Carter celebrated his 100th birthday on the event's second day.

"Habitat's vision is a world where everyone has a decent place to live, but we cannot reach that goal alone," said Jonathan Reckford, CEO of Habitat for Humanity International. "The Jimmy & Rosalynn Carter Work Project serves not only as a way to honor the Carters' legacy, but also as a reminder of what is possible when people from all walks of come together to work toward one common goal."

U.S. Bank has a longstanding relationship with Habitat for Humanity affiliates across the U.S. through investments, philanthropy and volunteering. Since 2013, Impact Finance has completed four investments with Twin Cities Habitat through the New Markets Tax Credit (NMTC) Program - a federal program that encourages job creation and economic development in distressed and underserved communities - investing more than $8.9 million in both housing and in TCH's headquarters building. And since 2008, Impact Finance has provided more than $137.6 million through the federal NMTC Program to Habitat affiliates coast to coast for affordable homeownership projects and created over 3,901 units.

In 2023, U.S. Bank provided more than $1.9 million in corporate contributions, U.S. Bank Foundation giving and employee matching gifts nationally to Habitat. Many U.S. Bank employees have participated in Habitat projects in their communities over the years, with more than 6,000 hours volunteered last year.

Among the volunteers were other Twin Cities residents who bought their homes with the help of Habitat for Humanity. LeAndra Estis, who moved into her home in another St. Paul neighborhood in 2019, knows firsthand how owning a home can help families set a strong foundation for future success, and she jumped at the chance to be part of the Carter Work Project.

"To be here and to have this groundbreaking opportunity here in St. Paul, Minnesota - this is what we dream of. I'm very proud and happy to be a part of this," Estis said. "Homeownership builds you spiritually, it builds you financially. It teaches you about valuing yourself and valuing the things you have."

View additional multimedia and more ESG storytelling from U.S. Bank on 3blmedia.com.

Contact Info:
Spokesperson: U.S. Bank
Website: https://www.3blmedia.com/profiles/us-bank
Email: info@3blmedia.com

SOURCE: U.S. Bank



View the original press release on accesswire.com

FAQ

How much has U.S. Bank (USB) invested in Habitat for Humanity projects since 2008?

U.S. Bank has invested more than $137.6 million through the federal NMTC Program to Habitat affiliates nationwide since 2008, creating over 3,901 housing units.

How many homes is U.S. Bank (USB) helping to build in The Heights development in St. Paul?

U.S. Bank is helping to build 30 affordable homes as part of The Heights development in St. Paul, which will eventually include 1,000 housing units.

What was U.S. Bank's (USB) contribution to Habitat for Humanity in 2023?

In 2023, U.S. Bank provided more than $1.9 million in corporate contributions, foundation giving, and employee matching gifts to Habitat for Humanity.

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