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Fifth Third Bank Grants $25,000 to the Charlotte Housing Authority

February 27, 2018

CHA Homeownership Dreams Can Really Come True

The Charlotte Housing Authority (CHA) received a $25,000 grant from 5/3 Bank for its life changing Destination Homeownership Program. The Fifth Third Foundation recently announced its Strengthening Our Communities (SOC) Fund grants for North Carolina. The Fund awards grants to designated nonprofit programs that support homeownership, affordable housing, small business development and financial stability for individuals and families. Programs in these areas strengthen and stabilize our communities and make them a better place to live, work and thrive.

“We could not serve the vulnerable residents of Charlotte achieve homeownership without great partners like Fifth Third Bank, who are committed to helping our local communities thrive,” said A. Fulton Meachem, Jr., President and Chief Executive Officer. “We are grateful for The Strengthen Our Communities grant which will complement the existing work we are already doing to ensure affordability, self-sufficiency and access to opportunity for the people who need it most.”

CHA’s Destination Homeownership program is designed to assist residents in building wealth, as they become first-time homeowners. The dream of homeownership would not be achievable without the help of partners like 5/3 Bank. The 5/3 Foundation formally invited nonprofit organizations to apply for the funding and awards. Grant awards began at $25,000 and are for a one year period. The maximum grant awards per region depend on the program and demonstrated need.

As one of North Carolina’s leaders in affordable housing, the Charlotte Housing Authority (CHA) has a legacy of providing affordable housing for nearly 80 years. Guided by its mission, CHA is at the forefront of these challenges-- creating opportunities for charlotte’s seniors, veterans, the disabled, and young families.

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