Who: The Housing Development Fund, NeighborWorks America, and Governor Malloy
What: Celebrate HDF’s charter as a member of NeighorWorks America
When: Monday, October 1, 2012 at 1:00 p.m.
Where: Governor’s Office, 210 Capitol Avenue, Hartford, Conn.
Webster Bank will be represented by Robin Gallagher, SVP, Commercial Real Estate Lending, who is the HDF Board Chair. Also joining the Governor are Deborah Boatright, NeighborWorks Northeast Regional Director; and HDF President and CEO Joan Carty.
Established in 1989 as a nonprofit organization to finance the development of affordable housing, HDF is a certified Community Development Financial Institution (CDFI) and HUD-Approved Counseling and Lending Agency. Since its inception, HDF has been creating affordable housing solutions for low- to moderate-income households in the high cost markets of southwestern Connecticut.
In that time, it has grown to a loan fund with $45.7 million in assets that encompasses lending programs for pre-development, acquisition, rehabilitation, new construction, and permanent financing. Other projects have included affordable family housing, senior housing, special needs housing and supportive housing, as well as homebuyers’ education and one-on-one counseling to help families qualify for special mortgage financing programs. HDF also provides foreclosure prevention services through monthly clinics and individual counseling.
NeighborWorks America is a national non-profit organization that provides financing, training, and support for affordable housing and community development. Many of its services and programs are provided through the national NeighborWorks network, made up of more than 235 independent, community-based nonprofit organizations serving more than 4,500 communities and generating nearly $4.2 billion of direct investment in communities across the nation. Through its national, local, non-profit and corporate partners, NeighborWorks creates opportunities for people to find affordable homes in healthy and stable communities.
About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $19 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 167 banking offices, 464 ATMs, 290 of which are owned by Webster and 174 of which are branded; telephone banking; mobile banking; and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
Media Contact:
Sarah Barr, 203-578-2287
sbarr@websterbank.com