Two Harbors Investment Corp. Secures Competitive Affordable Housing Program Grant for Twin Cities Habitat for Humanity
December 20 2017 - 4:15PM
Business Wire
Two Harbors Investment Corp. (NYSE: TWO), a
leading hybrid mortgage real estate investment trust, today
announced that through its subsidiary TH Insurance Holdings Company
it had secured a $340,000 Competitive Affordable Housing Program
(AHP) grant through the Federal Home Loan Bank of Des Moines (FHLB
Des Moines) for Twin Cities Habitat for Humanity. Twin Cities
Habitat for Humanity is a nonprofit organization focused on
providing affordable housing and improving the quality of life for
low-income families in the Minneapolis – St. Paul, Minnesota metro
region. Twin Cities Habitat for Humanity will use the funds to
invest in 34 new construction housing units over the next year in
the Twin Cities metropolitan area, allowing qualifying families
earning up to 50% of area median income to buy safe and affordable
housing.
“We are excited to announce that through our association with
FHLB Des Moines, we were able to secure a 2017 AHP grant for Twin
Cities Habitat for Humanity. This grant will help Twin Cities
Habitat for Humanity continue to provide affordable, safe, single
family housing for families,” said Thomas Siering, Two Harbors’
President and Chief Executive Officer. “We are proud of our
association with all of the charitable organizations we support and
extend our warmest congratulations to Twin Cities Habitat for
Humanity.”
“We are so grateful for Two Harbors’ commitment to affordable
housing for families in our community,” said Susan Haigh, President
and CEO, Twin Cities Habitat for Humanity. “Our partnership
with Two Harbors and its subsidiary TH Insurance Holdings unlocked
this grant, which supports stable, affordable homeownership for
local families. The impact of the award multiplies for generations,
as kids do better in school, homeowners gain financial
independence, and families experience the stability and safety of
Habitat homeownership.”
AHP – FHLB Des MoinesAs a member of FHLB Des Moines, TH
Insurance Holdings Company LLC, a Two Harbors subsidiary, was
eligible to support Twin Cities Habitat for Humanity in its
application for a 2017 AHP grant to make affordable housing
available in Minneapolis. AHP is one of the largest sources of
private sector grants for housing and community development in the
nation. This competitive grant program encourages member financial
institutions to partner with local housing providers (sponsors) to
secure funds for the purchase, construction or rehabilitation of
affordable owner-occupied or rental housing units. Projects serve
low-to-moderate income households, and may include households with
special needs including seniors, persons with disabilities and
the homeless. FHLB Des Moines returns 10% of its net income
annual to communities in its district through AHP.
Twin Cities Habitat for HumanityTwo Harbors is a proud
supporter of Twin Cities Habitat for Humanity, a nonprofit
organization committed to building the quality of life, health and
prosperity for families of the 7-county metro region through the
production and preservation of homeownership. Twin Cities Habitat
for Humanity’s mission is to eliminate poverty housing from the
Twin Cities and to make decent, affordable shelter for all people a
matter of conscience. Twin Cities Habitat for Humanity is an
affiliate of Habitat for Humanity International, which since 1976
has helped build and repair more than 800,000 homes around the
world, providing more than 4 million people a safe, decent, and
affordable home.
Two Harbors Investment Corp.Two Harbors Investment Corp.,
a Maryland corporation, is a real estate investment trust that
invests in residential mortgage-backed securities, mortgage
servicing rights and other financial assets. Two Harbors is
headquartered in New York, New York, and is externally managed and
advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine
River Capital Management L.P. Additional information is available
at www.twoharborsinvestment.com.
Additional Information
Stockholders of Two Harbors and other interested persons may
find additional information regarding the company at the Securities
and Exchange Commission’s Internet site at www.sec.gov or by
directing requests to: Two Harbors Investment Corp., 590 Madison
Avenue, 36th floor, New York, NY 10022, telephone 612-629-2500.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171220005975/en/
Two Harbors Investment Corp.Investors:Margaret Field,
212-364-3663Investor
Relationsmargaret.field@twoharborsinvestment.com
Two Harbors Investment (NYSE:TWO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Two Harbors Investment (NYSE:TWO)
Historical Stock Chart
From Apr 2023 to Apr 2024