SOURCE: HomeStreet Bank

July 19, 2007 12:00 ET

HomeStreet Bank Awards $80,000 to Support Housing

SEATTLE, WA--(Marketwire - July 19, 2007) - For the fourth year, HomeStreet Bank today announced the eight recipients of the HomeStreet Community Housing Awards. The program supports nonprofit organizations that work to meet housing-related needs in Washington, Oregon and Hawaii. This includes organizations that provide transitional housing or affordable rental housing, or help people move along the path toward homeownership. Each of the recipients will receive $10,000 to support housing programs for people with low to moderate incomes.

"Supporting organizations that provide people with a place to call home has been a long-term focus for HomeStreet," said Kathryn Williams, community relations director for HomeStreet Bank. "We are thrilled to continue our support of those organizations providing innovative solutions to some of the most pressing housing needs in our community. Congratulations to all of this year's recipients."

The HomeStreet Community Housing Award recipients are:

Puget Sound Region

--  FUSION -- An all volunteer, grass roots nonprofit, FUSION provides
    transitional housing and support services to homeless women and their
    children in the Federal Way/South King County region.  The award will go
    toward operating FUSION's tenth transitional housing unit.  As with other
    projects, case management services will be contracted with the YWCA, while
    remaining funds will be used for homeowner dues, insurance, maintenance and
    special activities for children.
--  Intercommunity Mercy Housing -- This organization develops affordable
    housing and provides on-site supportive services in Washington state.  The
    organization will use the award to provide its Service-Enriched Housing
    model for residents moving back into the newly renovated 43-unit Catalina
    Apartments in Tacoma's Hilltop neighborhood.
--  Seattle Children's Home -- Having evolved several times since 1884,
    Seattle Children's Home (SCH) now serves as Washington's first
    comprehensive mental health center for children.  SCH will use the award to
    support its efforts to help the 18-year-olds who become too old for their
    services to obtain and maintain appropriate housing -- lowering their risk
    of homelessness.
--  Senior Services -- This organization provides a wide array of services
    for older adults.  Senior Services will use the award for its Minor Home
    Repair program.  The program enables seniors to take care of minor home
    repair problems before they become major issues, threatening the safety and
    wellbeing of the homeowner.
--  Snohomish County Center for Battered Women -- The mission of this
    organization is to end domestic violence by providing a wide range of
    services to victims of domestic violence as well as facilitating change.
    Its services include a 15-bed confidential shelter, 20 transitional housing
    units, a children's program, legal advocacy and a 24-hour crisis hotline.
    The award will be used to help families staying in the shelter move into
    transitional housing.

Oregon and Southwest Washington

--  Catholic Charities Housing Transitions Program -- This program of
    Catholic Charities provides permanent supportive housing and housing
    retention services to chronically homeless single women, assists them in
    securing income and provides opportunities to help them rebuild their
    lives.  The award will be used to provide application fees and rental
    deposits for ten women and one-time rental assistance to an additional ten
    women who have housing but are at risk of losing it due to temporary
    financial crisis.
--  Portland Habitat for Humanity -- This organization builds houses and
    helps families in need purchase a simple, decent, affordable home.  The
    award will be used to build two bedrooms for four children in a soon-to-be-
    completed home in Portland.  The new home will provide the children with a
    safe neighborhood and the additional space will allow them to spread out
    while doing homework and other activities.


--  Habitat for Humanity Leeward Oahu -- This organization builds houses
    and helps families in need purchase a simple, decent, affordable home.  The
    award will be used to purchase cabinets, countertops and electrical
    fixtures for two Habitat homes.

Founded in 1921, family- and employee-owned HomeStreet Bank is one of the largest private banks in the Northwest. Headquartered in Seattle, the company has assets of $2.5 billion and a network of 30 branch and mortgage offices in the Northwest and Hawaii. HomeStreet Bank offers a full range of financial services, including business banking, business lending, consumer banking, mortgage lending, residential construction financing, income property financing and insurance services. Each year, HomeStreet contributes at least two percent of its pre-tax profits to organizations in its communities.

HomeStreet Bank has two key areas of corporate support: housing and homes, and parks and open spaces. HomeStreet also works in partnership with community organizations to help individuals and families achieve the security of a home and move along the path toward homeownership. In addition, HomeStreet offers a variety of innovative products and services that help individuals and organizations meet specific community housing needs.

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