More than $21 Million in Grants Accessed by M&T Bank through the Federal Home Loan Bank of New York for Affordable Housing Projects in Communities Across New York, New Jersey and Pennsylvania
The grants for projects sponsored by M&T are provided through the
"Our community development lending helps many projects come to fruition, including affordable housing projects. We work closely with our partners to access a variety of different funding sources, in addition to our own bank loans.
Projects submitted by M&T to the FHLB as grant requests included:
The Women's Housing and Economic Development Corpreceived a $2.1 milliongrant to renovate the 131-unit Urban Horizons apartment building in Bronx, N.Y. The West Side Federation for Senior and Supportive Housingreceived a $1.9 milliongrant for its Mill Brook Terraceproject to construct 159 units of senior housing on a former parking lot site in Bronx, N.Y. The Community Buildersreceived a $2 milliongrant to construct 85 apartments at Hamilton Hill II in Schenectady, N.Y. Habitat for Humanityof the Capital Districtwas awarded a $90,000grant to aid the construction of 6 single-family townhomes in Albany, N.Y., and Troy, N.Y. Riverside Charitable Corporationreceived a $2.3 milliongrant to renovate the 112-unit John Guy Prindleapartment building for seniors in Ilion, N.Y.
$1.2 milliongrant to DePaul Properties, Inc., will be used for the 150-unit Upper Falls Squareproject, which will include 75 units of supportive housing for individuals with mental illnesses, in Rochester, N.Y. PathStone Housing Action Corp.received a $1 milliongrant for the 187-unit Eastman Reserve project in Rochester, N.Y., new construction of single-family and multi-family rental housing for low-to-moderate income households
- Veterans Outreach Center was provided a
$746,366grant for its Liberty Landingproject to construct a 33-unit affordable housing development in Rochester, N.Y. Charles Settlement House, Inc., was provided a $612,000grant for 46 units at Stadium Estates Phase II, a mix of single-family homes, duplexes and triplexes in Rochester, N.Y. The Urban League of Rochesterreceived a $345,198grant for the rehabilitation of six duplexes containing 12 housing units at the Kenwood Thurston Renovation Projectin Rochester, N.Y. Habitat for Humanityof Buffaloreceived a $360,000grant to be used on a combination of new construction and rehabilitation of 12 housing units in Buffalo, N.Y. The Jewish Federation of Southern New Jerseyreceived a $2.37 milliongrant for its Springdale II project which involves the construction of an 80-unit residential building for senior citizens and developmentally disabled persons in Cherry Hill, N.J. The City of Camden Housing Authoritywas awarded a $2 milliongrant to be used toward the acquisition and rehabilitation of the 252-unit Peter J. McGuire Gardenshousing complex in Camden, N.J. The City of Camden Housing Authoritywas awarded a $1 milliongrant to be used toward the cost of the new 72-unit Clement T. Branch Village Townhome project.
- Better Tomorrows receive a
$970,154grant to be used toward the Cooper Plaza Townhomes Preservation project in Camden. Habitat for Humanityof Patersonwas awarded a $375,000grant to be used on projects to construct 15 homes at various sites in Paterson, N.J. HACE Affordable Housing Corpreceived a $738,000grant to upgrade systems and preserve 81 units of affordable housing at Villas Del Calibre in Philadelphia, Pa.
- Citizens Action Together Can Help received a
$600,000grant which will help preserve 54 units of housing for individuals with special needs at the Penrose Transitional Living and Respite project in Philadelphia, Pa. Community Ventureswas awarded $313,063for its Susquehanna Squareproject to construct 37 units on scattered sites in northern Philadelphia, Pa.
Women's Community Revitalization Projectreceived a $193,762grant for the 35-unit Nicole Hines Townhomesin Philadelphia, Pa.
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