Bank of America Fights the Housing Crisis With a $40,000 Grant to Build More Affordable Housing
As one of our strongest partners in the battle to provide affordable housing in the San Gabriel Valley, Bank of America has given $40,000 to support Habitat’s mission in the San Gabriel Valley.
This grant comes at a time when the housing crisis in California has never been worse – with over 3 million units of housing required to satisfy resident needs. Coupled with the cost of living, this forces 1 in 5 families in the state to pay well over 50% of their income in housing costs alone – leaving them to choose between paying for the roof over their heads and other essentials, like medical care, nutrition, and transportation.
Bank of America’s commitment to alleviate the housing crisis through affordable homeownership is a long-lasting relationship that brings much needed funds to the organization. In addition, Bank of America team members regularly participate as Habitat volunteers – creating a deep personal connection to not only the homes they help build, but the communities they improve.
“There is no doubt the pandemic impacted affordable housing in our Los Angeles communities, exacerbating underlying economic and social disparities that already existed. Supporting the nonprofit sector as it continues to experience unprecedented demand to help vulnerable populations is more important than ever,” said Christine Bogharian, Global Risk Testing Executive, Bank of America. “Our long-time partnership with Habitat in the San Gabriel Valley is one way Bank of America is helping to advance economic progress for local families through homeownership.”
Our more than 10-year partnership is a perfect example of how organizations can impact the communities they serve through philanthropy and volunteer efforts. Thanks to Bank of America, more families will be able to achieve their own American Dream through the power of homeownership.
Is your organization interested in a partnership that helps strengthen the communities you serve? Contact Shannon Castro, Resource Development Director.
Your Support Goes a Long Way During this Crisis
Now, more than ever, having a quality and affordable home in which to shelter can make or break a family’s ability to overcome this pandemic.
Your gift goes a long way – especially during and after the COVID-19 crisis:
It has provided emergency food to families in need
- Our ReStore trucks have provided emergency food for 300 families to date though partnerships with other nonprofits including La Casa de San Gabriel Community Center
It creates and maintains safe, healthy housing
- We are expanding our critical home repair program with safety measures in place to keep everyone healthy
- Currently processing over 200 homeownership and home repair applications to help families access or maintain safe, quality and affordable housing
- Creating 50 new homeownership opportunities in the next 36 months across the San Gabriel Valley, including Alhambra, Altadena, Azusa, Baldwin Park, El Monte, Monterey Park, and Pasadena
It helps open and run our new ReStore in Duarte
- At the new Duarte ReStore, 100% of the store’s revenue will help speed the building and repair of homes right here in the San Gabriel Valley region
Thanks to your generosity, Habitat homeowners like Alejandra have been able to shelter at home and weather the biggest pandemic in our country’s recent history.
“Even during the COVID-19 crisis, our home gives us hope!” Said Alejandra. “We feel secure while sheltering in place.”
Want to speak to someone about making a donation?
Have questions, comments, or ideas about helping our neighbors respond to and recover from this crisis?
Contact Paul: E-mail or call (626) 340-2280