Center for Community Self-Help

Truist Charitable Fund names 17 new grant recipients

Retrieved on: 
Wednesday, February 14, 2024

CHARLOTTE, N.C., Feb. 14, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the initial recipients of its Truist Community Catalyst Initiative, a three-year Community Reinvestment Act program supporting local efforts with statewide impact. This initiative will support 17 efforts across 13 states, impacting 54 communities, allowing local nonprofit organizations to better respond to critical community needs within their state.

Key Points: 
  • The 2023-25 Truist Community Catalyst Initiative focuses on issues within four key focus areas: affordable housing, small business access to capital, workforce development and essential community services.
  • As each program expands, grant recipients will have the opportunity to reapply for additional funding annually through 2025.
  • Grant funding will expand the nonprofit's Naturally Occurring Affordable Housing Preservation Project and Housing Loan Fund to finance and secure affordable housing units.
  • Capital Good Fund: A CDFI with a mission to create pathways out of poverty and advance a green economy through inclusive financial services.

Climate United Submits Bid to Manage Part of EPA’s $14 billion National Clean Investment Fund

Retrieved on: 
Thursday, October 12, 2023

Climate United, a collaboration to accelerate an equitable clean energy transition, today announced the submission of its proposal to the U.S. Environmental Protection Agency’s National Clean Investment Fund award competition, part of the Greenhouse Gas Reduction Fund.

Key Points: 
  • Climate United, a collaboration to accelerate an equitable clean energy transition, today announced the submission of its proposal to the U.S. Environmental Protection Agency’s National Clean Investment Fund award competition, part of the Greenhouse Gas Reduction Fund.
  • “Our organizations have been investing at the intersection of climate and communities for decades—it’s what we do best,” said Beth Bafford, Vice President of Strategy at Calvert Impact and CEO of Climate United.
  • “This unique federal program represents a once-in-a-lifetime opportunity for all communities - but particularly those most impacted by climate change - to participate in the climate revolution and to show exactly how transformational low-carbon solutions can be.
  • The $14 billion National Clean Investment Fund (NCIF), a component of the Greenhouse Gas Reduction Fund (GGRF) passed by Congress in the Inflation Reduction Act (IRA), is being administered by the EPA, and is expected to make two to three awards in March.

PARAMOUNT GLOBAL ANNOUNCES AD SALES LEADERSHIP TRANSITION

Retrieved on: 
Tuesday, September 13, 2022

NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that Jo Ann Ross is being named Chairman, Paramount Advertising, following 30 remarkable years at the company. John Halley, who previously served as Executive Vice President and Chief Operating Officer, Advertising, will succeed Ross as President, Paramount Advertising, overseeing the company's domestic multiplatform sales efforts across its leading portfolio of broadcast, cable, digital and streaming assets. He will report to Bob Bakish, President and Chief Executive Officer of Paramount, effective immediately.

Key Points: 
  • As Chairman, Ross will continue to provide her expertise and experience in a strategic advisory role to ensure a smooth transition.
  • "Jo Ann is a true trailblazer in our industry and a dominant force behind the success of CBS, ViacomCBS, and now Paramount Global," said Bakish.
  • She has made an indelible mark on Paramount during her record tenure, and we are grateful for her continued contributions."
  • Ross joined CBS in 1992 as Vice President of Olympic Sales and rose to become the first woman to serve as sales chief of a broadcast network and the longest tenured sales head in broadcast television.

Ribbon Expands to Colorado, Giving a New Generation of First-Time Homebuyers a Competitive Edge

Retrieved on: 
Monday, July 11, 2022

NEW YORK, July 11, 2022 /PRNewswire/ -- Ribbon, the homeownership company, today announces its expansion to Colorado, with Synergy One Lending as its launch partner. Homebuyers in major cities across Colorado, including Denver, can now upgrade their mortgage-backed offers to contingency-free all-cash offers on homes that pass inspection, waiving mortgage, appraisal, and home sale contingencies.

Key Points: 
  • Despite these factors and the consistent economic challenges the generation has faced, millennials made up 43% of homebuyers last year .
  • Colorado Springs follows closely as the number five most-desired landing spot among the demographic.
  • Founded in 2017 in New York and Charlotte, Ribbon is on a mission to make homeownership achievable.
  • Synergy One Lending is based in San Diego, CA, is currently licensed in 49 states plus DC.

Xylem Invests $5 Million with CNote to Benefit Community Financial Institutions Serving Black and Underserved Communities in the U.S.

Retrieved on: 
Tuesday, April 19, 2022

CNotes Impact Cash platform provides an easy-to-use and measurable tool for streamlining Xylems investment with one interface while maximizing the impact created for underserved communities of color across the U.S.

Key Points: 
  • CNotes Impact Cash platform provides an easy-to-use and measurable tool for streamlining Xylems investment with one interface while maximizing the impact created for underserved communities of color across the U.S.
  • In 2019, Xylem announced an $800 million revolving credit facility with a sustainability-linked pricing mechanism, followed by a $1 billion green bond offering in 2020.
  • At Xylem, we have seen first-hand how financial constraints in underserved communities can impact investments in people, business, and infrastructure, said Sandra Rowland, Xylems Chief Financial Officer.
  • CNote is a women-led social venture and impact platform on a mission to close the wealth gap through financial innovation.

Christopher “Chris” Neros Joins First Fed as Executive Vice President and Chief Lending Officer

Retrieved on: 
Wednesday, April 13, 2022

PORT ANGELES, Wash., April 13, 2022 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB) (Company), today announced that Christopher Chris Neros has joined the executive team as Executive Vice President and Chief Lending Officer.

Key Points: 
  • PORT ANGELES, Wash., April 13, 2022 (GLOBE NEWSWIRE) -- First Fed Bank, subsidiary of First Northwest Bancorp (NASDAQ: FNWB) (Company), today announced that Christopher Chris Neros has joined the executive team as Executive Vice President and Chief Lending Officer.
  • He will bring valuable experience and strategic direction to our lending initiatives, said Matt Deines, President and CEO of First Fed Bank and FNWB.
  • Prior to joining First Fed, Neros held lending and leadership roles for over 15 years at Peoples Bank in Bellingham, WA.
  • As Chief Lending Officer at Peoples, Neros oversaw bank-wide lending strategy of all commercial and marine lending activities.

JPMorgan Chase Committing $12 Million to Increase Homeownership Opportunities for Black, Hispanic and Latino Households

Retrieved on: 
Tuesday, March 1, 2022

JPMorgan Chases commitments will support organizations working to scale innovative housing models such as single-family housing production to increase the supply of affordable housing and homeownership.

Key Points: 
  • JPMorgan Chases commitments will support organizations working to scale innovative housing models such as single-family housing production to increase the supply of affordable housing and homeownership.
  • Todays announcement will help address current barriers to homeownership and allow more families access to wealth building opportunities.
  • As a result of uneven access to homeownership, the homeownership disparity between White households and Black, Hispanic and Latino households continues to grow.
  • Last year, the JPMorgan Chase PolicyCenter released data-driven policy recommendations to increase equitable access to stable, affordable and sustainable homeownership.

AMC Networks Announces Leadership Changes

Retrieved on: 
Tuesday, August 24, 2021

NEW YORK, Aug. 24, 2021 (GLOBE NEWSWIRE) -- AMC Networks (NASDAQ: AMCX) today announced that following a successful 26-year tenure as president and chief executive officer Josh Sapan has notified the company of his desire to transition to executive vice chairman. To help ensure an orderly transition, the company also announced that seasoned media executive Matthew Blank will serve as interim chief executive officer while the company conducts a search for a replacement.

Key Points: 
  • Mr. Blank joins AMC Networks following more than 40 years of leadership positions in the media industry, including 20 years as chairman and chief executive officer of Showtime Networks, where he also served as president and chief operating officer.
  • As interim chief executive officer, Mr. Blank will utilize his expertise and work with AMC Networks leadership, including Mr. Sapan, to maximize the companys streaming business, while building on its core assets.
  • AMC Networks Chairman James Dolan said: Over his long career, Joshs leadership ensured AMC Networks became a force in entertainment, with far-reaching influence throughout the industry, and home to some of the most successful and innovative shows in the history of television.
  • The Company also operates AMC Networks International, its international programming business, and 25/7 Media, its production services business.

Lendistry Adds Four Top Executive Trailblazers to Its Leadership Team

Retrieved on: 
Thursday, May 13, 2021

b"LOS ANGELES, May 13, 2021 /PRNewswire/ -- Lendistry , a minority-led and technology-enabled small business and commercial real estate lender headquartered in a Los Angeles Opportunity Zone, announced today that its executive team is four members stronger.

Key Points: 
  • b"LOS ANGELES, May 13, 2021 /PRNewswire/ -- Lendistry , a minority-led and technology-enabled small business and commercial real estate lender headquartered in a Los Angeles Opportunity Zone, announced today that its executive team is four members stronger.
  • Lendistry ranks second nationwide in SBA Community Advantage lending, providing responsible financing to small business owners and their underserved communities.
  • Lendistry is a member of the Federal Home Loan Bank of San Francisco, and is headquartered in a Los Angeles Opportunity Zone.
  • Lendistry and its nonprofit partner organization, The Center by Lendistry, are dedicated to providing economic opportunities and progressive growth for underserved urban and rural small business borrowers and their communities.\n"

PHFA recognizes its top lending partners for 2018

Retrieved on: 
Wednesday, April 3, 2019

HARRISBURG, Pa., April 3, 2019 /PRNewswire/ --The Pennsylvania Housing Finance Agency recently honored its top lending partners for 2018 during its annual homeownership awards event at its headquarters.

Key Points: 
  • HARRISBURG, Pa., April 3, 2019 /PRNewswire/ --The Pennsylvania Housing Finance Agency recently honored its top lending partners for 2018 during its annual homeownership awards event at its headquarters.
  • Homebuyers across Pennsylvania work with these lending partners for the application, processing, and closing of affordable PHFA home loans.
  • "These PHFA lending partners play an important role by helping them find housing that fits their budget."
  • Out of approximately 81 lending partners, the Top-10 were presented awards during the event and were recognized for home loans funded by PHFA in 2018.