bankHometown News

bankHometown Community Foundation Contributes $10,000 to Worcester Community Housing Resources

Oxford, Massachusetts –

Michael D. Hewitt, President of Hometown Bank Community Foundation, Inc., announced today that a contribution in the amount of $10,000 was presented to Worcester Community Housing Resources (“WCHR”) on Tuesday, April 24th, 2018.

WCHR is a not-for-profit organization providing services to low-income residents and communities throughout Worcester County.  Their initiatives assist low-income, underserved populations by providing high quality, affordable housing options that meet the resident’s specific needs.  Whether it’s home ownership, family apartments, elderly assisted-living or single furnished rooms, WCHR develops, owns and operates them.

In addition, WCHR works as a Community Development Financial Institution, where their Community Loan Fund provides financing for homeowners who are not eligible for a loan through other financial institutions.  The organization also works with private and public partners to develop home ownership and rental housing in key neighborhood locations.

The funds provided by Hometown Bank Community Foundation will be used for direct service costs to acquire and renovate an eleven-bedroom home that will house a program for teen mothers and their children.  The funds will also help with the development of the property, which will include office space for the 24-hour staff, common kitchen and living areas, parking and outdoor green space for the children to play.

Michael Hewitt said “The WCHR is providing a valuable service to those in need, and we are very happy to make a supporting contribution.  As a community bank we strive to support the communities we serve.”

Hometown Bank Community Foundation, Inc. was formed in early 2016 by bankHometown, a state-chartered cooperative bank headquartered in Oxford, Massachusetts with $750 million in assets.

bankHometown has served its communities since 1889 with offices in Massachusetts (Athol, Auburn, Leominster, Oxford, Lancaster, Sturbridge and Webster) and Connecticut (Putnam, Brooklyn, Killingly, Thompson and Woodstock).  Depositors of bankHometown have their deposits insured by the Federal Deposit Insurance Corporation for amounts up to $250,000 with amounts in excess of $250,000 insured in full by the Share Insurance Fund, a private excess insurer.