LOS ANGELES, Aug. 6, 2020 /PRNewswire/ -- CIT Group Inc.
(CIT) today announced that it has made a donation that will
completely furnish ten temporary housing apartments for Upward
Bound House, an organization working to eliminate homelessness
among families with children in Los
Angeles. The donation addresses a community need identified
by a customer of CIT's Southern
California retail bank OneWest Bank as part of the company's
Acts of Caring initiative.
CIT's donation provides standard apartment items like bedroom
furniture and bedding, couches and televisions, and kitchen and
bath essentials, and helps provide stability to families in need as
they work with Upward Bound House to transition to a more permanent
living situation.
Since 1991, Upward Bound House has helped 1,911 families,
including 3,757 children, transition from homelessness into
permanent housing. The organization provides housing, supportive
services and advocacy to homeless families, helping them access
basic resources and successfully transition into their own homes
with the capacity to remain there permanently.
"In the Los Angeles area, there
are thousands of families with children who face homelessness every
day. We work to provide the support and resources that they need,
to get them back on their feet and secure permanent housing for
them," said Christine Mirasy-Glasco, chief executive
officer at Upward Bound House. "As homeless families move into
our housing, CIT's donation will ensure that they have everything
they need and help them to feel more comfortable with this
transition."
"Through our Acts of Caring initiative, we're learning about
causes that our customers passionately support and are completing
projects to advance them," said Heather
Ellison, head of Retail Banking at CIT. "We're proud to work
with organizations like Upward Bound House, who are doing
incredible work in their communities to ensure a better quality of
life for all."
CIT Acts of Caring
As part of CIT's Acts of Caring program, the company invited
customers to nominate a need in their hometown and share how the
company could support those efforts on their behalf. Identified by
a customer of CIT's Southern
California retail bank division OneWest Bank, Upward Bound
House is one of ten projects nationwide that was selected to
receive a donation from CIT this summer.
The customer program follows a month-long social good project
where CIT employees completed more than 3,000 Acts of Caring and
dedicated nearly 5,000 hours in support of causes such as COVID-19
relief, addressing food insecurity, improving the environment and
advancing social and economic justice.
Learn more about CIT's Acts of Caring initiative at
cit.com/ActsOfCaring.
About Upward Bound House
The mission of Upward Bound House (UBH) is to eliminate
homelessness among families with children in Los Angeles by providing housing, supportive
services and advocacy. In fulfillment of our mission, UBH's central
goal is to empower every homeless family, regardless of their
particular age or barriers, to achieve self-sufficiency and lead
productive, fulfilling lives.
About CIT
CIT is a leading national bank focused on empowering businesses
and personal savers with the financial agility to navigate their
goals. CIT Group Inc. (NYSE: CIT) is a financial holding company
with over a century of experience and operates a principal bank
subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The
company's commercial banking segment includes commercial financing,
community association banking, middle market banking, equipment and
vendor financing, factoring, railcar financing, treasury and
payments services, and capital markets and asset management. CIT's
consumer banking segment includes a national direct bank and
regional branch network. Discover more at cit.com/about.
MEDIA RELATIONS:
Lexa Tutela
212-461-5305
Alexandra.Tutela@cit.com
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SOURCE CIT Group Inc.