SOURCE: HomeStreet Bank

HomeStreet Bank

June 18, 2009 13:03 ET

HomeStreet Bank Contributes $10,000 to Portland Housing Center

PORTLAND, OR--(Marketwire - June 18, 2009) - HomeStreet Bank has made a $10,000 charitable contribution to the Portland Housing Center in support of the organization's work assisting low- to moderate-income homebuyers achieve homeownership through education, outreach, one-on-one counseling and down payment assistance.

HomeStreet's involvement with Portland Housing Center (PHC) spans more than a decade, in which time staff have served on the board, taught classes for new homebuyers, and arranged mortgage financing for PHC clients. HomeStreet has contributed nearly $130,000 to Portland Housing Center throughout the course of the multi-year partnership.

"The financial support of institutions like HomeStreet Bank is vital to allowing us to provide services to low- to moderate-income households. We appreciate HomeStreet Bank's ongoing support of our programs," said Portland Housing Center Executive Director Peg Malloy.

Portland Housing Center was founded in 1991 to educate lower-income homebuyers in order to increase the number of homeowners in Portland. The Center now provides a wide variety of services for all incomes and stages of homeownership and serves as an educational resource center for renters, landlords, homebuyers and homeowners. In addition to education and counseling, the Center offers down payment assistance.

Founded in 1921, family- and employee-owned HomeStreet Bank is one of the largest privately-owned banks in the Northwest and Hawaii. Headquartered in Seattle, the company has assets of $3.0 billion and a network of 30 branch and mortgage offices. HomeStreet Bank is one of the only banks in the country that has consistently received an "outstanding" rating under the Community Reinvestment Act (CRA).

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