CEDAR CITY — State Bank of Southern Utah partnered with the Federal Home Loan Bank of Des Moines recently and donated $52,500 to three non-profit agencies in Southern Utah.
This new member-matching grant program was designed to offer eligible organizations critical financial support for affordable housing and community development initiatives, according to a press release.
Cedar City Housing Authority, Habitat for Humanity of Southwest Utah, and NeighborWork Mountain Country Home Solutions each received an award of $17,500 to help their organization provide affordable housing in Southern Utah.
“These three organizations provide a significant impact in our local communities, and we are grateful to assist them with this additional support,” said David Eberhard, Chief Financial Officer at State Bank of Southern Utah. “We value the relationships we have with these organizations and support their effort to provide more affordable housing projects in Southern Utah.”
Cedar City Housing Authority’s mission is to assist low-income families with safe, decent, and affordable housing opportunities as they strive to achieve self-sufficiency and improve the quality of their lives.
Habitat for Humanity of Southwest Utah builds and advocates for affordable housing in Southern Utah. They are currently in the process of completing their 26th home. Habitat for Humanity of Southwest Utah was established in 1998 and focuses on the housing needs of Washington and Iron County residents.
NeighborWork Mountain Country Homes Solutions provides financial literacy counseling and affordable housing projects for low-to-moderate income families in rural Utah.
They have projects in Enoch, Kanab, Tropic, Escalante, Richfield and are currently looking at projects in Wayne County. They are committed to providing safe, affordable housing for qualified low-income families in Southwest Utah.
The Member Impact Fund was a 3-to-1 dollar match of member donations that provided additional support and funding for affordable housing and community development needs such as job training, down payment assistance, strategic planning, financial literacy, food banks and youth programs.
State Bank of Southern Utah is proud to support these non-profit organizations as they provide solutions for safe, affordable housing in Southern Utah and they appreciate the support of their customers that allows the bank to support the community.
Copyright St. George News, SaintGeorgeUtah.com LLC, 2023, all rights reserved.