WESTERLY, R.I., Feb. 29,
2024 /PRNewswire/ -- Washington Trust ("the
Bank") today announced that the Washington Trust Charitable
Foundation ("Charitable Foundation") has awarded $122,000 to seven Rhode
Island organizations in support of various programs to
support safe and affordable housing and homeownership programs
throughout the Ocean State.
The grants are part of more than $459,000 of total giving granted by the
Charitable Foundation to 60 organizations throughout the Bank's
footprint. In addition to these grants, additional funds were
awarded to organizations in support of financial literacy and
economic empowerment, basic needs and family services, diversity
and inclusion, and more.
"Washington Trust is committed to supporting organizations that
offer safe and affordable housing programs for our neighbors," said
Rolando Lora, Washington Trust
Executive Vice President and Chief Retail Lending Officer. "These
grants represent both a financial investment for the development of
new housing in Rhode Island, as
well as support for educational programming to help our neighbors
realize the dream of homeownership."
Washington Trust grants funded the following housing
organizations and programs:
- Local Initiatives Support Corporation (LISC)- The
$25,000 in funding will support
LISC's 'Neighborhood Development Fund,' which helps to build
capacity for local Community Development Corporations through
training, resources and technical assistance.
- Neighborworks Blackstone River Valley- The $22,000 in funding will support their 'Focused
Neighborhood Homeownership Initiative,' which provides intensive
HUD-certified homebuyer assistance to help 20 renters to become
first-time homeowners.
- West Elmwood Housing Development Corporation- The
$20,000 in funding will be used to
support their 'Matched Savings Incentive Program,' which provides
financial capability workshops for future homeowners, and the
'Getting Your House In Order" program, which provides culturally
specific financial education for African-Americans.
- ONE Neighborhood Builders- The $20,000 in funding will be used to support the
advancement of pre-development activities affiliated with the
construction of Sheridan Village, a six-building modular
development in Olneyville, which will create homeownership
opportunities for upwards of 20 Rhode Islanders from
low-to-moderate income households.
- Pawtucket Central Falls Development- The $20,000 in funding will be used to support their
Homeownership Program, which has two major focus areas: providing
bilingual pre- and post- purchase homebuyer education classes and
supporting the construction and sale of single and two-family homes
for first time homebuyers.
- Crossroads Rhode
Island- The $10,000 in
funding (year 2 of a 5-year, $50,000
commitment) will be used to support the "Roads to Home" Capital
Campaign to create nearly 300 affordable permanent supportive
apartments for formerly homeless adults in Providence.
- South County Habitat for Humanity- The $5,000 in funding (year 1 of a 2-year,
$10,000 commitment) will help to
support the construction of two new affordable homes on Cardinal
Lane in Hopkinton that will be
purchased by hard-working local families.
The Washington Trust Charitable Foundation is committed to
furthering Washington Trust's support of the communities it serves.
For more information, click here.
ABOUT WASHINGTON
TRUST®
Founded in 1800, Washington Trust is recognized as the
oldest community bank in the nation, the largest state-chartered
bank headquartered in Rhode Island
and one of the Northeast's premier financial services companies.
Washington Trust values its role as a community bank and is
committed to helping the people, businesses, and organizations of
New England improve their financial lives. The Bank offers a wide
range of commercial banking, mortgage
banking, personal banking and wealth
management services through its offices in Rhode Island, Connecticut and Massachusetts and a full
suite of convenient digital tools. Washington Trust is a member of
the FDIC and an equal housing lender. Washington Trust is a
subsidiary of Washington Trust Bancorp, Inc., a publicly-owned
holding company which trades on NASDAQ: WASH. For more
information, visit the Bank's website
at www.washtrust.com or the Corporation's website
at ir.washtrust.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/washington-trust-charitable-foundation-donates-122-000-to-housing-organizations-in-rhode-island-302075266.html
SOURCE The Washington Trust Company