Bank of America’s donation will increase affordable housing opportunities and improve immediate quality-of-life for Sulphur Springs residents
TAMPA, Fla., Thursday, July 27, 2017 – Rebuilding Together Tampa Bay (RTTB) received $45,000 in funding from the Bank of America Foundation to support its Building a Healthier Sulphur Springs program and revitalize Tampa’s historic Sulphur Springs neighborhood. The official check presentation took place on Wednesday, July 26, 2017 at one of the three new homes completed in Sulphur Springs located at 8206 N. Mulberry Street. Tampa FL 33604.
The goal of Building a Healthier Sulphur Springs is to mitigate substandard housing conditions and create housing stability that will improve individual and community well-being. With Bank of America’s donation, RTTB will leverage the cost of construction to keep new homes affordably priced for low-to-moderate income buyers. At the same time, it contributes to our efforts to increase safe and energy efficient housing for low-income residents, decrease or eliminating vacant foreclosed properties, maintaining infill lots to avoid dumping, improving living conditions and repairing owner-occupied homes throughout Sulphur Springs.
Building a Healthier Sulphur Springs benefits several sectors of the population, including low-to-moderate income buyers, who will be able to acquire affordable homes in the neighborhood, present residents, who will be living in a healthier, safer and more energy efficient environment, and the neighborhood overall, by making it more attractive and livable. This project is designed to spark economic development activities, including the expansion of businesses within the Nebraska Avenue corridor, which will create additional job opportunities for residents.
Representatives from the City of Tampa Urban and Community Development Department attended the check Presentation alongside RTTB’s Executive Director and Bank of America.
From left to right: Qiana Daughtry, Community Development Coordinator, Jose Garcia, RTTB’s Executive Director, Ann Shaler, Senior Vice President-Enterprise Business & Community Engagement for Bank of America and Vanessa B. McCleary, Housing & Community DevelopmentManager.
“This is truly a large endeavor which not only includes the creation of affordable housing but the entire revitalization of the Sulphur Springs neighborhood. It is through the support of groups such as Bank of America that we will be able to achieve our goals before buyers continue to be priced out of the present real estate market” stated Jose M. Garcia, Executive Director of Rebuilding Together Tampa Bay.
“We commend Bank of America for understanding the need to support the staff at RTTB and other non-profits. There are lots of grant opportunities for funding bricks and mortar, but it takes staff working with families and putting the deals and funding together to produce affordable housing, especially in this aggressive market. This check from Bank of America will help RTTB to make Phase II of the Mayor’s Nehemiah project a success,” Vanessa McCkeary, Manager Housing & Community Development Division City of Tampa
“Bank of America is excited about the impact Rebuilding Together Tampa Bay is making in Sulphur Springs,” said Bank of America Tampa Bay Market President Bill Goede. “The development of affordable housing is a key component of revitalizing this neighborhood as well as providing financial stability for families. We are proud to help more Sulphur Springs residents achieve the dream of homeownership.”
For more information about the RTTB and its projects, visit www.rttb.org.
About Rebuilding Together Tampa Bay
RTTB strengthens communities and creates opportunities beginning with housing. Since it was founded in 2000, RTTB has participated in the development of over 500 homes serving more than 1,450 persons in the Tampa Bay area. RTTB is an experienced developer that is known for its affordable homes that not only reflect the character of the community but also have the same quality of design and features as market-rate housing.
RTTB also makes critical home repairs for homeowners in need. RTTB primarily works with low-income families, veterans, the elderly, victims of disasters and persons with disabilities. The organization also rehabilitates donated homes that are then sold to those in need of affordable housing. RTTB relies on the support of corporate sponsors, public grants, individual donors, and the hands-on work of hundreds of volunteers and skilled labor each year. More information is available at www.rttb.org.
Bank of America
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our Environmental, Social and Governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter at @BofA_News.