Home City Development Receives Grants from the Federal Home Loan Bank Boston and bankESB

The Federal Home Loan Bank of Boston (FHLBank Boston) has recognized bankESB for its ongoing commitment to affordable housing and community development by awarding a $1,000 grant on behalf of the bank to Home City Development, Inc. (HCDI) in Springfield, Massachusetts. bankESB will match this grant dollar-for-dollar through its charitable giving program, The Giving Tree, providing a total contribution of $2,000 to support HCDI’s affordable housing initiatives.

The FHLBank Boston grant, coupled with bankESB’s matching contribution, will help HCDI further its mission of developing and managing affordable housing for low-and moderate-income individuals and families in the Springfield area. The funds will be allocated towards HCDI’s ongoing projects that provide safe, quality housing, helping to address the region’s pressing affordable housing needs.

“bankESB is honored to receive this recognition from FHLBank Boston, and we are proud to partner with Home City Development to make a positive impact in our community,” said Ryan Kirwin, executive vice president of Residential Lending at Hometown Mortgage. “Affordable housing is a critical need in our region, and we are committed to supporting organizations like HCDI that work tirelessly to create opportunities for families and individuals to live in quality housing they can afford.”

The FHLBank Boston Affordable Housing Program provides financial support to member financial institutions that are committed to making a positive impact in their communities. By collaborating with banks like bankESB, FHLBank Boston is able to help expand access to housing and promote community investment.

Joesiah Gonzalez, chief philanthropy and communication officer at Home City Development expressed gratitude for the support, saying, “This funding will directly support our efforts to provide affordable housing in Springfield, and we are grateful to both bankESB and FHLBank Boston for their commitment to our mission. Together, we can make a significant difference for families and individuals who need access to stable and affordable housing.”

Home City Development, Inc., headquartered in Springfield, Massachusetts, provides safe, affordable housing for low- and moderate-income residents. Through partnerships and community-centered initiatives, HCDI works to ensure access to quality housing and to strengthen local neighborhoods.

Hometown Mortgage is a division of bankESB, a Hometown Financial Group company that also includes bankHometown, North Shore Bank, and Abington Bank, a division of North Shore Bank.