The Banks Foundation Accepting Grant Applications
The Banks Foundation has raised over $28,000 to provide down payment assistance to families who have qualified to purchase their first home as grants in the 2012-2013 grant cycle.
- Raleigh-Durham-Chapel Hill, NC (1888PressRelease) September 05, 2012 - The Banks Foundation, a tax-exempt organization that assists families who are moving from welfare to work and from public housing to private homeownership, is accepting grant applications to provide down payment assistance to families who have qualified to purchase their first home. The foundation has raised over $28,000 to offer grant applicants in the 2012-2013 grant cycle.
The Foundation provides downpayment assistance to families who have received public housing or Section 8 assistance in the past, have entered into and completed a Family Self-Sufficiency (FSS) contract or similar agreement, have income that is less than 80% of the area median income, and have qualified for a home loan. Grants average around $2000.
"I would like to commend The Banks Foundation for giving families like mine the opportunity to be able to purchase a new home," said Ms. Lonetta Love, a 2011 recipient of the Banks Foundation's down payment assistance program. "The Banks Foundation was a huge blessing at a time of need, and I sleep much better at night now knowing that my children are safe thanks to this great organization."
If you or someone you know has demonstrated their desire and ability to move up and out, application information and grant guidelines are available on the Community Foundation's website at www.thebanksfoundation.org.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam