Foundation donates $ 100,000 to support affordable housing in the St. Louis neighborhood
ST. LOUIS – A total of $ 100,000 is the amount the Regions Foundation gives in grants to support homeownership in the Hyde Park neighborhood.
“Affordable housing and living the American dream through home ownership is one of the founding principles of the founding of the Urban League 111 years ago. and to this day. And so part of that is not just homeownership, but also helping people stay in housing, ”said Michael McMillan, President and CEO of Urban League Metropolitan St. Louis. .
With down payment assistance for first-time home buyers, this newly remodeled home at 4433 Randall Place can be yours.
“This is what we need to do in every part of our community, and that is to rebuild it and reinvest in our community,” said Senator Karla May, (D) Missouri.
The two-bedroom, two-story house is ready to buy.
“The foundation’s goal is to build stronger and more inclusive communities,” said Scott Hartwig, market manager for Regions Bank St. Louis.
“We all know that access to affordable, quality housing affects all communities across the country. “
The grant supports a community partnership between the Urban League of Metropolitan St. Louis, Inc. and Dream Builders 4 Equity.
It also gives young participants in the Dream Builders program the opportunity to work and earn money. Proceeds from home sales are reinvested in the student college program and fund.
“We congratulate you on what you have all done. I watch you every day on social media and see these young people developing incredible talents and skills, ”said McMillan.
“And we look forward to transforming North St. Louis one community at a time.
Over a five-year period, Dream Builders estimates that it will serve 250 young people involved in its program and support 25 new owner families.
“No one, person or child, should have to walk the streets and see infrastructure crumble,” May said.
The home construction project is expected to generate $ 4 million in revenue for minority contractors and $ 1.6 million in construction labor wages.
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