We are delighted to acknowledge our sponsors whose support is instrumental in making Housing Washington possible:
Bank of America has a unique responsibility to help promote economic recovery, stability and growth through lending, investing and giving. In 2012, we provided $75.1 billion in residential first mortgages, helping more than 305,000 people either purchase a home or refinance an existing mortgage, including $15.5 billion in first mortgages to more than 97,000 low- to moderate-income (LMI) customers – about one-third of all first mortgages provided. The bank has partnerships with more than 550 HUD-approved homebuyer education providers and 2,200 affordable housing programs. In addition to numerous efforts to assist distressed homeowners, Bank of America also has Customer Assistance Centers in hard hit markets across the country, including one in Seattle. Through outreach efforts, we partner with a wide array of leading policy experts and nonprofit organizations to ensure that our lending and assistance efforts are having the greatest impact.
Chase takes pride in working to develop vibrant and diverse communities. Through our Community Development Banking group, we provide a range of solutions that meet the needs of low- and moderate-income households and communities in Washington and across the United States. Chase distinguishes itself as a national leader in community development by providing loans, investments, and community development services. A primary tool is financing for affordable housing and economic development projects in the form of construction loans, permanent loans, and letters of credit. Chase is also active in support of commercial projects through the New Market Tax Credit program. We manage proprietary NMTC allocations received by the U.S. Department of Treasury as well as investments with third-parties. In addition,Chase is an active financial resource for the community development industry with financing products for other partners and intermediaries active in community development that finance or invest in affordable housing, charter schools, healthcare facilities, etc. Finally, the people of Chase are active members of the communities in which they work through non-profit boards, advisory groups, and other volunteer activities.
With a history of over 100 years in the Northwest, and a proven track record in community development, Union Bank is a financial partner you can count on. Union Bank offers solutions from construction lending to tax credit equity and global treasury management. That adds up to experience that can help save you time and gain flexibility for even the most complex projects. It's a consistent community partnership.
At U.S. Bank, building strong communities and changing lives through partnerships is an important part of our business. We are pleased to partner with many organizations that develop and preserve affordable housing throughout Washington. U.S. Bank brings together many resources including grants, innovative financing structures, tax credit investments, flexible mortgage products and down payment assistance, to meet Washington’s affordable housing needs. We offer creative solutions to help ensure that people in our state have access to safe, attractive and affordable housing.