Bank provides local housing and community development nonprofit with $100K grant to assist homeowners in Onondaga County
Syracuse, N.Y. – Home HeadQuarters (HHQ) today announced it has received a $100,000 grant from Bank of America for its COVID-19 Emergency Home Repair Program, which helps homeowners, who have been impacted by the ongoing coronavirus, make urgently needed repairs on their homes.
Over the past few months, more than 75 homeowners throughout Onondaga County have joined a waitlist for HHQ’s emergency home repair services, all of whom have lost their jobs or substantial working hours due to the coronavirus. The $100,000 grant from Bank of America will allow HHQ to provide COVID-19 Emergency Home Repair grants to up to 50 Onondaga County households for emergency home repairs such as replacing hot water tanks, repairing furnaces, and addressing other quality of life and safety issues. These repairs allow Central New Yorkers to maintain healthy and safe housing during this challenging time.
“For 25 years, Home HeadQuarters has worked to address gaps and fill cracks in the local housing market,” said HHQ CEO Kerry Quaglia, “but, as always, we wouldn’t be able to provide those homeowner safety nets without the vital assistance of businesses like Bank of America, that invest in our local community and help us make a difference.”
“There is no doubt that the economic consequences of COVID-19 have been devastating. With many of our neighbors out of work, it has forced them to make difficult decisions like putting off important home repairs,” said Onondaga County Executive Ryan McMahon. “Thank you to Bank of America for being a good corporate neighbor and stepping up with this critical grant that will undoubtedly help many people in our community. Thank you, also, to the team at Home HeadQuarters. They have a tremendous track record of getting the right resources to the right people to help them with their housing issues and I know they will make us proud again with their efforts in executing this grant.”
“Bank of America is thankful for our strong partnership with Home HeadQuarters, whose important work has been crucial in recent months,” said Michael Brunner, Syracuse/ Utica market president for Bank of America. “With this new commitment of support, we know that HHQ will be able to continue to provide and expand the help they offer households disproportionately impacted by the coronavirus. This support is one way that Bank of America is focusing on tackling the most pressing issues facing the local communities we serve.”
To qualify for a COVID-19 Emergency Home Repair grant, you must own your house in Onondaga County and it must be your primary residence; you must have homeowners’ insurance; your household must not surpass a certain financial limit; and you must be impacted by job loss or loss of substantial work hours due to COVID-19. Grants are awarded on a first come, first served basis, and are for emergency repairs only. Homeowners can join the COVID-19 Emergency Home Repair grant waitlist here.
The grant announcement comes on the heels of Bank of America’s recent commitment to the Central New York and Mohawk Valley regions for coronavirus relief. Bank of America provided necessary support to the Central New York COVID-19 Community Support Fund, organized by the United Way of Central New York, and the Mohawk Valley COVID-19 Response Fund, organized by the Community Foundation of Herkimer and Oneida Counties and the United Way of the Valley and Greater Utica Area.
Home HeadQuarters is a non-profit neighborhood and housing development organization and certified Community Development Financial Institution who, since 1996, has helped more than 3,500 families become first-time homebuyers; provided nearly 10,000 homeowners with $105 million in home improvement loans and grants, and developed more than 800 formerly vacant properties. Home HeadQuarters is the leading home improvement lender to families of color living in Syracuse, out lending all other financial institutions combined. The organization is a chartered member of NeighborWorks America, the country’s first designated Community Based Development Organization and is recognized nationally for its innovative loan products for homebuyers and local investors that are unable to borrow from traditional lenders. Learn more at www.homehq.org.
Bank of America
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