SunTrust Awards $1.4 million to Non-Profit Housing Agencies

Grants will help NeighborWorks affiliates and other agencies promote and foster homeownership

Dec 02, 2015, 11:30 ET from SunTrust Banks, Inc.

RICHMOND, Va., Dec. 2, 2015 /PRNewswire/ -- SunTrust Mortgage, the home loan subsidiary of SunTrust Banks, Inc., (NYSE: STI), today announced substantial grants to 15 non-profit housing agencies across the bank's footprint, including eight NeighborWorks affiliates. The grants, totaling $1.4 million, will provide valuable assistance in these communities to foster homeownership preparedness and sustainability, including first-time home-buyer education, counseling in obtaining loan modification and preventing foreclosure, and other programs.

"Homeownership is the foundation for building and strengthening our communities, and SunTrust and its non-profit partners are committed to helping those striving to achieve that dream," said Dorinda Smith, president and CEO of SunTrust Mortgage, Inc. "By partnering with these organizations to deliver valuable tools to home-buyers we are demonstrating our commitment to our purpose of Lighting the Way to Financial Well-Being for the families and the communities we serve."

"NeighborWorks America is excited by the continuing support from SunTrust Mortgage for the homeownership and consumer financial preparedness work of NeighborWorks organizations," said NeighborWorks America President and CEO Paul Weech. "Nearly 90 percent of people in a recent NeighborWorks survey said homeownership is a key part of the American Dream. The programmatic investments from SunTrust will help these high-performing NeighborWorks organizations make those dreams come true."

The following NeighborWorks-affiliated non-profit housing agencies are the recipients of the SunTrust grants:

  • Neighborhood Housing Services of South Florida, Inc. (Miami, FL)
  • Tampa Bay Community Development Corporation (FL)
  • Tallahassee Lenders Consortium (FL)
  • Centro Campesino (Fort Lauderdale, FL)
  • Neighborhood Housing Services of Baltimore (Baltimore, MD)
  • Manna, Inc. (Washington, D.C.)
  • Family Services, Inc. (Charleston, SC)
  • United Housing, Inc. (Memphis, TN)

Additional Recipients:

  • SUMMECH (Atlanta, GA)
  • Housing Opportunities Made Equal (Richmond, VA)
  • Local Initiatives Support Corporation - LISC Virginia (Richmond/Tri-Cities, VA)
  • The UpCenter (Hampton Roads, VA)
  • The Village of Hope (Orlando, FL)
  • Reinvestment Partners (Raleigh/Durham, NC)
  • Prosperity Unlimited (Charlotte, NC)

About SunTrust Banks, Inc. SunTrust Banks, Inc., one of the nation's largest financial services organizations, is dedicated to Lighting the Way to Financial Well-Being for its clients and communities. Headquartered in Atlanta, the company serves a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2015, SunTrust had total assets of $187 billion and total deposits of $146 billion. Through its flagship subsidiary, SunTrust Bank, the company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic States and a full array of technology-based, 24-hour delivery channels. The company also serves clients in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through its various subsidiaries, the company provides mortgage banking, asset management, securities brokerage, and capital market services. SunTrust's Internet address is suntrust.com.

SOURCE SunTrust Banks, Inc.



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