PNC Bank has provided $500,000 in low-cost financing to the Lowcountry Housing Trust (LHT), a Charleston-based Community Development Financial Institution (CDFI), to support its Revolving Loan Fund.
From the long-parched "food desert" in North Charleston to the West Ashley neighborhoods where a Food Lion will soon close,
SCBT made a $300,000 program-related investment in the Lowcountry Housing Trust (LHT) earlier this month. This marks their second investment for community development projects throughout the Lowcountry. In 2010, SCBT invested $100,000 in LHT.
Wednesday, June 13th - Heritage Trust Federal Credit Union President & CEO, Jim McDaniel, and EVP, Steve Wichmann, met with Lowcountry Housing Trust’s Executive Director, Michelle Mapp and LHT Board and staff members to present a $100,000 program related investment. In 2009, Heritage Trust also invested $100,000 in the organization and has actively participated in volunteering with the organization since that time.
Wells Fargo & Company (NYSE: WFC) today announced the closing of a $250,000 equity equivalent investment (EQ2) to The Lowcountry Housing Trust (LHT) in Charleston, S.C. The EQ2 proceeds will be used to fund the organization’s lending program which provides financing for affordable housing development.
It is no secret that development is a sore subject for some James Islanders. Tension has swelled over the years between preservation-minded residents and outside authorities pushing to outfit the area with shopping centers and subdivisions.
Sheila Frasier wants to move to a better neighborhood. Bonnie Barr needs help just to stay where she is. Lloyd Collins is trying to keep his bills manageable as he recovers from a stroke and heart surgery. The three Charleston residents were among 225 people who lined up Thursday morning for a chance to join a long waiting list for federal housing assistance.
Dennis Ronald is very much at home in his Daniel Island apartment. It is clean, quiet, comfortable. But he has no idea how he will be able to hang on to the space when his government housing aid dries up in the coming months.
Last year, M.B.A. students at the Bainbridge Graduate Institute in Seattle began hunting for a business-based solution to the problem of “food deserts” — low-income neighborhoods lacking access to healthful, affordable food.
Starbucks Announces Create Jobs for USA Initiative in Collaboration with Opportunity Finance Network
Starbucks Coffee Company announced that it is teaming up with Opportunity Finance Network® (OFN) to launch Create Jobs for USA. Create Jobs for USA will pool donations from Starbucks customers, partners (employees) and concerned citizens into a nationwide fund for community business lending.