The First Niagara Foundation and Black Rock-Riverside Neighborhood Housing Services are partnering to build home ownership rates in target neighborhoods and help local families improve their money management skills.
Black Rock-Riverside Neighborhood Housing Services offers free homebuyer education and financial fitness counseling. They aim to increase home ownership rates by getting prospective homebuyers mortgage-ready. The First Niagara Foundation is providing a $5,000 grant to fund the program and help local families build their assets through home ownership.
“First Niagara is committed to revitalizing Western New York’s neighborhoods,” said Buford Sears, First Niagara Buffalo Market Executive. “We are thrilled to work with Black Rock-Riverside Neighborhood Housing Services to help provide safe, affordable housing opportunities for all Western New Yorkers.”
Black Rock-Riverside Neighborhood Housing Services says their program has been shown to decrease the likelihood of mortgage default, while increasing credit scores and savings.
About The First Niagara Foundation
First Niagara Foundation is a not for profit corporation founded in 1998. The Foundation is committed to supporting organizations in the communities in which we live and work with specific focus on youth and education, community development and neighborhood revitalization. In 2012 the Foundation contributed more than $10 million in charitable grants to community partners. For more information, visit www.firstniagara.com/community.
About First Niagara
First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank with approximately 430 branches, approximately $37 billion in assets, $28 billion in deposits, and approximately 6,000 employees providing financial services to individuals, families and businesses across Upstate New York, Pennsylvania, Connecticut and Massachusetts.