Bank of New Hampshire Helps Bring Financial Education to The Way Home
Manchester, New Hampshire – November 29, 2016 – Did you know the National Low Income Housing Coalition reports the NH affordable housing wage at $21.09 per hour/per unit? This leaves Fair Market Rents unaffordable for over 10,000 households in the Greater Manchester Area. Organizations such as The Way Home – a Manchester, NH based nonprofit are dedicated to helping families and individuals obtain and succeed in safe, affordable housing and offer supportive services to nurture independence, and advocate for greater opportunity.
“With Bank of New Hampshire’s $5,000 donation towards the financial literacy education program, we are able to increase the financial and resource management capability of diverse households to achieve housing stability,” stated Mary Sliney, Executive Director of The Way Home. “We are deeply grateful for our community partnerships and feel it is invaluable to offer supportive services to create a better future.”
The Way Home, offers its comprehensive services from its neighborhood-based Housing Resource Center at 214 Spruce Street in Manchester. Homeless persons are helped first to access shelter and supportive services and then, take steps to succeed in rental housing. Renters are helped to make housing more affordable, prevent eviction, and work with their landlords to reduce in-home health hazards. Homeowners are helped to prevent loss of their homes, or, assisted to secure rental housing and access community resources. Supportive housing provides affordable housing opportunities for homeless and at-risk households. Steps to Success coaching and skills training is the centerpiece of supportive services to help set and meet housing goals. Skills are strengthened in financial management workshops which were beneficial to over 1,000 persons in 553 households during 2015.
“Bank of New Hampshire is proud to support programs and organizations such as this,” stated Mary Beth White, Assistant Vice President, Manchester Office Manager for Bank of New Hampshire and Board Member for The Way Home. “Providing a positive and supportive pathway to the future is important to have in everyone’s life.”
For more information on The Way Home, visit www.thewayhomenh.org.
Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire. With 24 banking offices throughout New Hampshire and assets exceeding $1.4 billion, Bank of New Hampshire is the oldest and largest independent bank in the state. Bank of New Hampshire is a mutual organization, focused on the success of the bank’s customers, communities and employees, rather than stockholders. For more information, call 1-800-832-0912 or visit www.BankNH.com.
Photo Caption (L-R): Mary Sliney, Executive Director for The Way Home; Mary Beth White, AVP – Manchester Office Manager for Bank of New Hampshire; Karen Wilson, VP – Community Reinvestment Act Officer for Bank of New Hampshire.
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1-800-832-0912 · www.BankNH.com
Tiffany BaertPublic Relations Officer