Isabella Bank Donates $135,000 to Saginaw-Shiawassee Habitat for Humanity’s housing programs

[Saginaw, MI] – Isabella Bank donates $90,000 for Habitat’s housing solution programs—$95,000 for Homeownership Down Payment Assistance and $40,000 for Neighborhood Revitalization Home Repairs Program.

With Isabella Bank’s donation for Homeownership Down Payment Assistance, families or individuals approved for Habitat’s Homeownership Program may qualify for Down Payment Assistance of up to $5,000 when they purchase a new or fully-rehabbed home from Saginaw-Shiawassee Habitat for Humanity. Habitat homes are not free; families/individuals purchase homes with interest-bearing mortgages from local financial institutions. The biggest benefit of purchasing a Habitat home is that the major systems of the house have been replaced. The new homeowner does not have to bear the cost of the upgrades generally associated with the purchase of a home, in addition to paying for a new mortgage. Isabella Bank’s donation is making homeownership more affordable for first-time low-income homebuyers.

Isabella Bank’s donation complements and enhances Saginaw-Shiawassee Habitat for Humanity’s Home Repair Program that helps families obtain grants for critical repairs from various funding sources. Isabella Bank’s donation will fund households meeting program criteria. Isabella Bank’s Home Repair grants are extremely important as homes owned by qualifying families are generally older homes in need of critical repair. Habitat’s Home Repair Program supports projects ranging from roof, siding, insulation, installation of access ramps and kitchen or bathroom renovations for wheelchair access, windows, doors, etc. 

“Isabella Bank is committed to improving our community as well as serving low-income homeowners and homebuyers; that is a great combination. Together we are giving more families a handUP!”-Carmen Mora, Executive Director.

(Pictured L-R) From Isabella Bank—Sheilda Braddock, Community Development Liaison, Jerome Schwind, President of Isabella Bank; Michael Colby, President of Isabella Bank East Region; From Saginaw-Shiawassee Habitat for Humanity—Ann Hall, Treasurer, Greg Lange, Board member, Dan Dennis, President and Carmen Mora, Executive Director

About Isabella Bank

Since 1903, Isabella Bank has been committed to serving the local banking needs of its communities. Over the years, their products and services have evolved to fit the changing banking needs of its customers, but its core values as a community bank have not changed. Isabella Bank believes in local decision-making and long-term relationships with the community and those it serves. Whether Isabella Bank is giving monetary support to a local organization or volunteering its time, they believe that together they can be a part of building stronger communities.