Donation Supports New "Focused
Neighborhood Homeownership Initiative"
WESTERLY, R.I., April 15,
2024 /PRNewswire/ -- Washington Trust ("the
Bank") today announced that the Washington Trust Charitable
Foundation has awarded $22,000 to
NeighborWorks Blackstone River Valley to support their development
and execution of a new Focused Neighborhood Homeownership
Initiative ("Initiative").
The goal of the Initiative is to assist 20 renters from
underserved communities on their journey to become a first-time
homeowner. Available in both English and Spanish, the program will
provide culturally and linguistically relevant education sessions,
personalized credit counseling, homebuyer readiness services,
mentoring, and post-purchase support.
"Washington Trust is committed to helping our neighbors realize
the dream of homeownership," said Rolando
Lora, Washington Trust Executive Vice President, Chief
Retail Lending Officer and Director of Community Lending. "We are
proud to support their efforts as this investment is a testament to
NeighborWorks' incredible commitment to create homeownership
opportunities for underserved communities."
"We are grateful for the support of Washington Trust as we
launch this very intentional and innovative program," said
Joe Garlick Executive Director of
NeighborWorks Blackstone River
Valley. "We look forward to getting this Initiative off the
ground to not only serve 20 individuals and families on their
homeownership journey, but to also build the infrastructure that
will sustain a pipeline of future homeowners from these communities
long into the future."
The Focused Neighborhood Homeownership Initiative is
scheduled to begin accepting applicants in early May.
The grant is part of more than $459,000 of total giving granted by the
Washington Trust Charitable Foundation to 60 organizations
throughout the Bank's footprint, $122,000 of which was directed to support safe
and affordable housing and homeownership programs.
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.
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SOURCE The Washington Trust Company