Citizens Bank gives $10,000 for homelessness prevention in Vermont

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Citizens Bank gives $10,000 for homelessness prevention in Vermont

Tue, 11/17/2009 - 11:19am -- tim

Brigitte Ritchie, community relations officer for Citizens Bank, presented a $10,000 check to the Committee on Temporary Shelter (COTS). The contribution is in support of the Housing Resource Center (HRC). The HRC opened its doors in October 2008 with the mission to help avert evictions and foreclosures through one-time homelessness prevention grants.
During the first year of operation over 600 applications were filed by households that had fallen behind in their rent or mortgage payments. Frequently these arrearages were a result of an unexpected contingency such as a medical emergency or major car repair.
Of the more than 600 households that applied for support, 351 households were assisted and were able to stay in their homes. In order to qualify for a grant, the applicant must be able to fulfill financial obligations such as rent and utilities once their situation has been stabilized.
“It is so gratifying to know that more than 300 families were spared the devastation of homelessness – right here in this community. Not only is it devastating to have your belongings tossed out on the street and to lose what you think of as your home, but once this terrible thing happens it can take years to recover. Citizens Bank is pleased to support this prevention initiative,” stated Ritchie in presenting the check.
“Citizens Bank is a truly compassionate corporate citizen,” stated Rita Markley, executive director, in accepting the contribution check. “We are blessed to have Citizens Bank continued support of our homelessness prevention efforts. It means a lot to us and it means so much more to those we are able to assist.”
In addition to providing the 351 homelessness prevention grants the HRC provided security deposit support, at an average of $300/household, for 34 household. This targeted assistance helped to hasten the move out of shelter and into permanent housing.
73 low-income households were able to secure permanent, affordable housing because HRC staff members were able to connect them to comprehensive housing and community resources they didn’t know existed.
Source: Citizens. 11.17.2009