Foundation Donates $100k to Support Affordable Housing in St. Louis

 A total of $100,000 dollars is how much the Regions Foundation is giving in grants to support homeownership in the Hyde Park neighborhood.

“Affordable housing and living the American dream through homeownership is one of the core fundamental principles of the Urban League’s creation 111 years ago. and to this very day. And so part of this is not just homeownership but also helping people stay in housing,” said Michael McMillan, President, and CEO of Urban League Metropolitan St. Louis (St. Louis, MO).

“This is what we have to do in every part of our community, and that’s rebuild it and re-invest in our community,” Sen. Karla May, (D) Missouri, said.

The two-bedroom, two-story home is ready for purchase.

“The focus that the foundation has is to build stronger, inclusive communities,” said Scott Hartwig, market executive for Regions Bank St. Louis.

“We all know that access to quality, affordable housing is affecting every community in the nation.”

The grant supports a community partnership between The Urban League of Metropolitan St. Louis, Inc. and Dream Builders 4 Equity.

It also gives young participants in the Dream Builders program the opportunity to work and earn money. Proceeds from home sales are reinvested in the program and the student college fund.

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