Partnering to build affordable housing in the Twin Cities

More than half a million people in the Twin Cities metro area spend a disproportionate amount of their income on housing costs.

To alleviate the gap in affordable housing, Twin Cities Habitat for Humanity works to produce and preserve homeownership, and this October, 80 Bank of America volunteers joined them in the effort to address this pressing community issue.

Over the course of a week, Bank of America volunteers worked diligently alongside community partners and the home’s future owner to construct the roof, reinforce trusses, side the garage, and install and weatherproof windows and doors on a home in South Minneapolis. This weeklong build, part of Bank of America’s Global Build initiative, signified the largest volunteer event for Bank of America in Minnesota to-date.

Our team realizes the impact we can make on affordable housing in the Twin Cities by volunteering with Habitat.

Katie Simpson
Minneapolis/St. Paul market president for Bank of America

“When people have a place to call home, our community as a whole can thrive,” said Katie Simpson, Minneapolis/St. Paul market president for Bank of America Minnesota. “Our team realizes the impact we can make on affordable housing in the Twin Cities by volunteering with Habitat. We had dozens of volunteers from across our organization — from Merrill Lynch and U.S. Trust advisors, corporate bankers and financial center employees, to Global Leasing and Global Technology & Operations teams — join together to give over 600 hours of their time to support our community.”

In addition to the hundreds of volunteer hours invested over the week, Bank of America also presented Twin Cities Habitat for Humanity with a contribution of $50,000.

“We strive for a world where everyone has a decent place to live, and strong, engaging partnerships help make that happen,” said Riley Moynihan, Corporate Relations for Twin Cities Habitat for Humanity. “We’re grateful for Bank of America’s longstanding support of our mission; working together, we’ve made a tremendous impact for families and communities across the Twin Cities.”

Bank of America’s build with Twin Cities Habitat for Humanity was one of 90 builds that took place with Habitat affiliates internationally during the Bank’s Global Build.

Habitat for Humanity International is one of the world’s largest housing-focused nonprofits, with nearly 1,400 local affiliates in 70 countries around the world.  Nationally, Bank of America has partnered with Habitat for more than 30 years, investing nearly $80 million in funding to help create affordable housing, as well as volunteer efforts in local markets and regions.

“Stable, affordable housing is fundamental for families and individuals to create a pathway to long-term success,” said Kerry Sullivan, president of the Bank of America Charitable Foundation. “Our partnership with Habitat is a great example of how our collective efforts ― from funding to volunteer engagement ― result in life-changing opportunities for those in need.”

8/9/2018

 

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