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M&T Bank announces more than $21 million in housing grants for NY, NJ, and PA

February 12, 2019 2:52 PM | Philanthropy Delaware (Administrator)

M&T Bank is a member of Philanthropy Delaware.

M&T Bank announced today more than $21 million in grants to support the construction or rehabilitation of 1,621 affordable housing units within 20 neighborhoods  in New York, New Jersey and Pennsylvania.

The grants for projects sponsored by M&T are provided through the Federal Home Loan Bank of New York Affordable Housing Program.

"Our community development lending helps many projects come to fruition, including affordable housing projects. We work closely with our partners to access a variety of different funding sources, in addition to our own bank loans. The Federal Home Loan Bank of New York has consistently provided outstanding grant support for these projects as an additional capital source," said Brad Dossinger, Group Vice President for Community Reinvestment at M&T Bank.

Read the press release here.

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