Luminate Bank Invests $90K to Boost Housing Equity
Luminate Bank is thrilled to announce a significant $90,000 grant awarded to Housing in Action through the Federal Home Loan Bank (FHLB) of Des Moines. This funding will support essential community-based housing initiatives aimed at fostering housing equity for underserved populations.
The Power of Matching Funds
This grant includes a $22,500 contribution from Luminate Bank, which is strategically matched three-to-one by FHLB Des Moines, culminating in a total award of $90,000. Such funding is crucial to empower local nonprofits actively working toward housing stability, economic inclusion, and community development.
Community Connections
The FHLB Member Impact Fund aims to enhance relationships between financial institutions and their communities. By matching donations made by member banks, the program facilitates substantial funding for non-profits dedicated to resolving pressing housing issues.
Housing in Action's Commitment
Housing in Action is on the frontlines tackling local housing challenges, particularly in areas requiring assistance. The newly awarded funds will enable them to further address housing insecurity and create positive change in the housing landscape.
Leadership Voices
“Access to safe, affordable housing doesn’t just change lives, but it also transforms communities,” stated Marc Campbell, CEO of Luminate Bank. “Housing in Action is doing the essential work of tackling systemic housing issues, and this grant provides one avenue for us to assist in their vital mission.”
Gratitude for Support
Paul Vliem, Resources and Relationships Director at Housing in Action, echoed this sentiment, emphasizing the importance of community support in today’s environment, saying, “We are thankful for Luminate Bank’s partnership in addressing housing needs, and we are eager to make a difference together.”
A Strong Track Record of Giving
This grant reflects Luminate Bank’s continued dedication to community service, as this marks one of two successful partnerships initiated through the Member Impact Fund this year. Such initiatives demonstrate the bank's commitment to nonprofits leading genuine change in housing stability.
About Housing in Action
Housing in Action’s mission is to ensure that safe, stable, and dignified housing is attainable for all. By focusing on affordable homeownership and creating rental opportunities, they work diligently towards a housing system that prioritizes equity.
About Luminate Bank
Luminate Bank is a nationwide institution committed to empowering individuals and families. With a blend of innovative digital solutions and personalized service, the bank focuses on helping clients meet their financial goals. Their expertise in mortgage solutions has enabled them to serve communities across the country.
Contact Information
Luminate Bank prioritizes security through FDIC coverage and encourages individuals to explore their offerings by visiting www.luminate.bank. For inquiries, contact Debbie Schwake at debbie.schwake@luminate.bank or call (952) 698-3300.
Frequently Asked Questions
What is the purpose of the $90,000 grant?
The grant supports community-based housing initiatives aimed at advancing housing equity.
Who is the recipient of the grant?
The grant is awarded to Housing in Action, a nonprofit focused on housing advocacy.
How does the matching fund work?
Luminate Bank contributes $22,500, matched three-to-one by FHLB Des Moines, totaling $90,000 in funding.
What are the long-term goals of Housing in Action?
Housing in Action aims to address housing insecurity and create systematic improvements in housing accessibility.
How can I get in touch with Luminate Bank?
You can visit their website at www.luminate.bank or contact Debbie Schwake via email or phone.
