Flushing Bank Proudly Announces It Has Successfully Secured Two Grants From The Federal Home Loan Bank of New York’s Affordable Home Program
29 Agosto 2023 - 10:30AM
Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the
parent holding company for Flushing Bank (the “Bank”), announced
today that it has successfully secured two grants from the Federal
Home Loan Bank of New York through its Affordable Housing Program
(AHP).
The first grant was for $1.5 million dollars on
behalf of the Town of Hempstead Housing Authority Program and its
developer, Georgica Green Ventures, LLC. The funding will help
subsidize the redevelopment of an existing facility, known as
Dogwood Terrace, which is comprised of seven existing two-story
residential buildings and a community center located in Franklin
Square, NY. Upon completion, there will be 104 new affordable
housing units available for seniors.
The second grant was on behalf of the North
Hempstead Housing Authority for $1.1 million dollars for a project
known as Laurel Homes located in Roslyn Heights, New York. This
grant will help subsidize the redevelopment of nine existing
residential buildings comprised of seventy-four residential units.
Upon completion the project will include sixty-six new residential
units with a mixture of one-to-five-bedroom affordable apartments,
providing much needed living accommodations for families in need of
affordable housing options for their immediate and extended family
members.
John R. Buran, President and CEO of Flushing
Bank, stated: “We have been supporting affordable housing
opportunities through a variety of lending programs for many years.
To date, with the addition of these two grants, we have sponsored
$7.37 million dollars covering 497 affordable housing units through
this program alone. We appreciate the support provided by the
Federal Home Loan Bank of New York that helps make affordable
housing available to senior citizens and other underserved members
of the community. Projects such as these will ensure that senior
citizens and other residents will continue to have access to
quality affordable housing enabling them to remain in Nassau County
with their families and friends.”
About Flushing Financial
Corporation
Flushing Financial Corporation (Nasdaq: FFIC) is
the holding company for Flushing Bank®, an FDIC insured, New York
State—chartered commercial bank that operates banking offices in
Queens, Brooklyn, Manhattan, and on Long Island. The Bank has been
building relationships with families, business owners, and
communities since 1929. Today, it offers the products, services,
and conveniences associated with large commercial banks, including
a full complement of deposit, loan, equipment finance, and cash
management services. Rewarding customers with personalized
attention and bankers who can communicate in the languages
prevalent within these multicultural markets is what makes the Bank
uniquely different. As an Equal Housing Lender and leader in real
estate lending, the Bank’s experienced lending teams create
mortgage solutions for real estate owners and property managers
both within and outside the New York City metropolitan area. The
Bank also fosters relationships with consumers nationwide through
its online banking division with the iGObanking® and BankPurely®
brands.
Additional information on Flushing Bank and
Flushing Financial Corporation may be obtained by visiting the
Company’s website at FlushingBank.com.
"Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995:
Statements in this Press Release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments and other statements that are not
descriptions of historical facts may be forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Forward-looking information
is inherently subject to risks and uncertainties, and actual
results could differ materially from those currently anticipated
due to a number of factors, which include, but are not limited to,
risk factors discussed in the Company’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2022, and in other documents
filed by the Company with the Securities and Exchange Commission
from time to time. Forward-looking statements may be identified by
terms such as “may”, “will”, “should”, “could”, “expects”, “plans”,
“intends”, “anticipates”, “believes”, “estimates”, “predicts”,
“forecasts”, “goals”, “potential” or “continue” or similar terms or
the negative of these terms. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance, or achievements. The Company has no obligation to
update these forward-looking statements.
Contact: Maria A. Grasso Senior
Executive Vice President, Chief Operating Officer Flushing Bank
718-961-5400
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