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Aug 08, 2006
HomeStreet Bank Grants $80,000 to Support Community Housing

SEATTLE – HomeStreet Bank today announced the eight recipients of the HomeStreet Community Housing Awards. The program supports nonprofit organizations that work to meet housing-related needs in Washington, Oregon and Hawaii. This includes organizations that provide transitional housing or affordable rental housing, or help people move along the path toward homeownership. Each of the recipients will receive $10,000 to support housing programs for people with low to moderate incomes.

“As the cost of housing continues to rise, individuals and families with low to moderate incomes encounter greater and greater obstacles to finding safe and affordable housing,” said Kathryn Williams, senior vice president and community relations director for HomeStreet Bank. “The HomeStreet Community Housing Awards were created to provide much-needed recognition and support for organizations that help people find or hold on to stable housing.”

The eight recipients of the 2006 HomeStreet Community Housing Awards are:

PUGET SOUND REGION
  • Abused Deaf Women’s Advocacy Services – This organization addresses the needs of deaf, deaf-blind and hard of hearing victims of domestic violence, in ways that agencies oriented to hearing victims are unable to do. The HomeStreet Community Housing Award will support the organization’s A Place of Our Own, the first transitional housing program for deaf, hard of hearing and deaf-blind victims of domestic violence in the nation. It is scheduled to open later this summer.

  • Helping Hand House – For over 20 years, Helping Hand House has worked to prevent and end homelessness in Pierce County. Its programs include offering courses on budgeting for low-income families, providing emergency housing for homeless families and operating a transitional housing program. The award will be applied to the Bright Futures Transitional Housing program, which provides transitional housing and educational services for families in Sumner and Puyallup.

  • Homestead Community Land Trust (HCLT) – This program enables low- to moderate-income families to purchase a home through education, counseling, pre- and post-purchase support and purchase assistance grants. The land under the house remains within HCLT’s land trust and is permanently resale price restricted, so that the house remains "affordable" to the next low to moderate income owners. The grant will be applied to HCLT’s Advantage program, which will help 12 families purchase their first homes.

  • Springboard Alliance – This organization partners with Hopelink, Friends of Youth and Catholic Community Services to help homeless individuals and families gain the skills necessary for long-term self-sufficiency. The Springboard Alliance will use the award in its 60-unit Avondale Park Transitional Housing program in Redmond (East King County) to provide basic moving assistance and pay for background checks to help people transition into permanent housing.

OREGON AND SOUTHWEST WASHINGTON
  • Portland Community Reinvestment Initiatives, Inc. (PCRI) – This organization preserves and manages affordable, high quality, single family and small multifamily homes in 27 neighborhoods throughout the City of Portland. It is currently incorporating 333 units of housing from the Albina Community Development Corporation with its existing 366 units. PCRI will use the grant to facilitate this acquisition and provide the necessary services for the new group of residents.

  • REACH Community Development, Inc. – For approximately 25 years, REACH has provided safe and affordable housing, resident services and community revitalization programs for Portland residents with low to moderate incomes. It has developed or preserved over 1,000 units of housing, including apartments for residents with special needs, homeless individuals and seniors. The organization will use the award to support the
    Community Builders program, a year-round neighborhood home repair program to help people with safety-related home repairs, as well as the annual "paint-a-thon" in August.

  • Bradley-Angle House – The mission of this organization is to offer survivors of domestic and sexual violence options for safety, self-empowerment, healing and hope. The grant will be used for its Transition Services Housing program, which offers housing and on-site support services for up to nine months, plus twelve months of follow-up support when participants move to permanent housing.

HAWAII
  • Habitat for Humanity Maui – This organization builds homes and provides homeownership education, budget counseling and credit counseling to enable low-income families to successfully own homes. The Community Housing Award will be used for the completion of additional homes this year in the Maui community.

Founded in 1921, family- and employee-owned HomeStreet Bank is one of the largest private banks in the Northwest. Headquartered in Seattle, the company has assets of $2.2 billion and a network of 30 branch and mortgage offices in the Northwest and Hawaii. HomeStreet Bank offers a full range of financial services, including business banking, business lending, consumer banking, mortgage lending, residential construction financing, income property financing and insurance services. Each year, HomeStreet contributes at least two percent of its pre-tax profits to organizations in its communities.

HomeStreet Bank has two key areas of corporate support: housing and homes, and parks and open spaces. HomeStreet also works in partnership with community organizations to help individuals and families achieve the security of a home and move along the path toward homeownership. In addition, HomeStreet offers a variety of innovative products and services that help individuals and organizations meet specific community housing needs.
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