LOS ANGELES, Aug. 22, 2017 /PRNewswire/ -- MUFG Union
Bank, N.A., today announced it has awarded $3.345 million in multi-year funding to 57
nonprofit organizations that focus on expanding access to
affordable housing for multi-cultural, low and moderate income
communities. The organizations that were selected will each receive
an estimated $20,000 over three years
(2017- 2019) contingent upon projected and actual annual
performance.
Grants were allocated based on the following criteria:
- Conserving or expanding affordable housing
- Emergency assistance
- Innovation and regional solutions
- Integration of energy efficiency and environmental
sustainability components
"Affordable housing is one of the most important issues facing
the communities we serve," said Julius
Robinson, the bank's Head of Corporate Social
Responsibility. "Multi-year operating support allows our
partner organizations to focus more time engaging in problem
solving and less time worrying about fund raising. We hope our
actions will inspire others to join us in making multi-year
investments that will address the housing affordability crisis in
this country."
"Housing is an urgent and complex problem requiring innovative
solutions. Stable, flexible funding can be a catalyst for exploring
and developing new approaches to better serve individuals and
families who are facing hardship or are unable to keep-up with
rising housing costs," said Kathy
Patoff, MUFG Union Bank Director and Chief Operating Officer
of the MUFG Union Bank Foundation.
The Foundation established the Expanding Housing Opportunities
Program (EHOP) in the spring of 2017. The funding is targeted
towards organizations that are supporting home ownership in
California, New York and Washington State.
"We are very pleased to have such generous and consistent
support from the MUFG Union Bank Foundation. This truly shows
a commitment to supporting the non-profit sector in a stable way,
and advancing affordable housing opportunities for those who need
them the most," said Gloria Bruce,
Executive Director, East Bay Housing Organizations.
For fiscal year 2016 (April 1,
2016 to March 31, 2017), the
MUFG Union Bank Foundation continued its efforts to address a range
of affordable housing issues and through its support served as a
catalyst to help achieve the following outcomes:
- Supported the development of 6,681 housing units available for
purchase and rental
- 766 individuals were able to purchase affordable housing
- 70,155 individuals achieved housing stability through rental
housing programs
- Helped provide 132,410 bed-nights at shelters for the
homeless
The MUFG Union Bank Foundation ("The Foundation") is a nonprofit
public benefit corporation that serves as an agent for charitable
contributions made by MUFG Union Bank, N.A. Since its creation in
1953, The Foundation has supported the bank's commitment to help
meet the needs of the communities that it serves. Its mission is to
make philanthropic investments that expand access to economic
opportunity in low- and moderate-income communities especially in
the areas of affordable housing, community economic development,
education, human services, and the environment.
Below is a list of the organizations that were awarded
three-year funding:
California
Statewide
|
California Housing
Consortium
|
California Housing
Partnership Corporation
|
Housing
California
|
Local Initiatives
Support Corporation
|
Northern/Central
California
|
California Coalition
for Rural Housing
|
East Bay Housing
Organizations
|
Non-profit Housing
Association of Northern California
|
Terner Center for
Housing Innovation at UC Berkeley
|
Silicon Valley at
Home (SV@Home)
|
California Central
Coast
|
Cabrillo Economic
Development Corporation
|
Habitat for Humanity
for Santa Barbara County
|
Habitat for Humanity
for Ventura County
|
Surf Development
Company Inc.
|
Inland
Empire
|
Coachella Valley
Housing Coalition
|
Neighborhood Housing
Partnership Services
|
Time for Change
Foundation
|
Los Angeles
County
|
A Community of
Friends
|
Abode
Communities
|
Community Corporation
of Santa Monica
|
Hollywood Community
Housing Corporation
|
Little Tokyo Service
Center
|
The Midnight
Mission
|
Skid Row Housing
Trust
|
Southern California
Association of Non-Profit Housing
|
SRO Housing
Corporation
|
West Hollywood
Community Housing Corporation
|
Orange
County
|
Affordable Housing
Clearinghouse
|
Habitat for Humanity
of Orange County
|
Jamboree Housing
Corporation
|
Mercy House
Transitional Living Center
|
Orange County
Community Housing Corporation
|
The Kennedy
Commission
|
San Diego,
California
|
City Heights
Community Development Corporation
|
Community Housing
Works
|
San Diego Housing
Federation
|
San Diego Interfaith
Housing Foundation
|
South Bay Community
Services
|
St. Vincent de Paul
Village/Father Joe's Village
|
Veterans Village of
San Diego
|
Wakeland Housing
Development
|
New York, New
York
|
Asian Americans For
Equality
|
Association for
Neighborhood & Housing Development
|
Breaking
Ground
|
Christian Herald
Association/Bowery Mission
|
Corporation for
Supportive Housing - NY
|
Cypress Hills Local
Development Corporation
|
Enterprise Community
Partners - NY
|
Fifth Avenue
Committee
|
Good Old Lower East
Side
|
Lenox Hill
Neighborhood House
|
Local Initiatives
Support Corporation- NY
|
Low Income Investment
Fund - NY
|
MHANY Management Inc.
(Mutual Housing Association of New York Inc.)
|
New Destiny Housing
Corporation
|
Project
Hospitality
|
Seattle,
Washington
|
Housing Development
Consortium of Seattle-King County
|
Mercy Housing
Northwest
|
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is
a full-service bank with offices across the United States. We
provide a wide spectrum of corporate, commercial and retail banking
and wealth management solutions to meet the needs of
customers. We also offer an extensive portfolio of
value-added solutions for customers, including investment banking,
personal and corporate trust, global custody, transaction banking,
capital markets, and other services. With assets of
$116.7 billion, as of June 30, 2017, MUFG Union Bank has strong capital
reserves, credit ratings and capital ratios relative to peer
banks. MUFG Union Bank is a proud member of the Mitsubishi
UFJ Financial Group (NYSE: MTU), one of the world's largest
financial organizations with total assets of approximately ¥304.2
trillion (JPY) or $2.7 trillion
(USD)¹, as of June 30, 2017. The
corporate headquarters (principal executive office) for MUFG
Americas Holdings Corporation, which is the financial holding
company and MUFG Union Bank, is in New
York City. The main banking office of MUFG Union Bank is in
San Francisco, California.
1 Exchange rate of 1
USD=¥112.0 (JPY) as of June 30,
2017
About MUFG Americas Holdings Corporation
Headquartered
in New York, MUFG Americas
Holdings Corporation is a financial holding company and bank
holding company with total assets of $150.6
billion at June 30, 2017. Its
main subsidiaries are MUFG Union Bank, N.A. and MUFG Securities
Americas Inc. MUFG Union Bank, N.A. provides an array of financial
services to individuals, small businesses, middle-market companies,
and major corporations. As of June 30,
2017, MUFG Union Bank, N.A. operated 361 branches, comprised
primarily of retail banking branches in the West Coast states,
along with commercial branches in Texas, Illinois, New
York and Georgia, as well
as 16 PurePoint Financial Centers and two international offices.
MUFG Securities Americas Inc. is a registered securities
broker-dealer which engages in capital markets origination
transactions, private placements, collateralized financings,
securities borrowing and lending transactions, and domestic and
foreign debt and equities securities transactions. MUFG Americas
Holdings Corporation is owned by The Bank of Tokyo-Mitsubishi UFJ,
Ltd. and Mitsubishi UFJ Financial Group, Inc. The Bank of
Tokyo-Mitsubishi UFJ, Ltd. is a wholly-owned subsidiary of
Mitsubishi UFJ Financial Group, Inc., which is one of the world's
leading financial groups. Visit www.unionbank.com or
www.mufgamericas.com for more information.
©2017 MUFG Union Bank, N.A. All
rights reserved. Member FDIC.
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