HomeStreet Bank Contributes $5,000 to Common Ground.Business Editors SEATTLE--(BUSINESS WIRE)--Aug. 21, 2003 HomeStreet Bank continues its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. partnership with Common Ground, making a contribution of $5,000 to support the organization's work in affordable housing. HomeStreet Bank has been involved with Common Ground in a variety of ways for twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . Senior managers have served on the Board of Directors since 1983, and the bank has made financial contributions on an annual basis. Over the past 15 years, HomeStreet's total financial contribution has exceeded $50,000. As a member lender of the Federal Home Loan Bank of Seattle Seattle (sēăt`əl), city (1990 pop. 516,259), seat of King co., W Wash., built on seven hills, between Elliott Bay of Puget Sound and Lake Washington; inc. 1869. (FHLBS FHLBS See Federal Home Loan Bank System (FHLBS). ), HomeStreet Bank partnered with Common Ground on the LaSalle Lasalle (ləsăl`) or Ville Lasalle (vēl), city (1991 pop. 73,804), S Que., Canada, SW of Montreal on the St. Lawrence River at the head of the Lachine Rapids. It is a suburb of Montreal. Hotel project, which recently received a FHLBS Affordable Housing Program grant of $321,954. The mixed-use project, sponsored by the Pike Place Market Pike Place Market is a public market overlooking the Elliott Bay waterfront in Seattle, Washington, United States. The Market, which opened August 17, 1907, is one of the oldest continually-operated public farmer's markets in the country. PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). , entails rehabilitating and preserving the affordability of 39 housing units and constructing seven new units of affordable housing. "It is a pleasure to serve on Common Ground's board and play a part in shaping the direction of such a critical organization," said HomeStreet Senior Vice President and Single Family Lending Director, Susan Greenwald. Greenwald has been on the board since 1998 and currently serves as treasurer. "HomeStreet has always put special emphasis on supporting community programs that help people make the move to homeownership. We feel that it's our responsibility to put our financial resources and expertise to work for our community in the most effective manner. We are proud to have been involved with the work of Common Ground over the years." "HomeStreet Bank is one of our oldest and most influential partners," said Lynn Davison, Executive Director of Common Ground. "The bank's contribution of human and financial resources clearly demonstrates a sustaining commitment to affordable housing. They have made a real difference in our work." Common Ground is a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. dedicated to creating and preserving affordable housing for people with special needs and low incomes in Washington State. Since 1980, Common Ground has assisted in the development of over 3,000 units of housing. Common Ground develops housing for sponsoring organizations; provides technical assistance to strengthen housing organizations' capacities to develop, own, and manage housing; and offers planning and program development services to most effectively use limited public and private housing resources. It helps create both transitional and permanent housing, with many projects offering supportive services to meet the special needs of residents. The types of projects included are multi-family rental, co-housing, community land trust, live-work housing, assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , mixed-use, commercial/residential, and single-family homes for rent and ownership. Common Ground does not own or manage housing. HomeStreet Bank, one of the largest privately-owned banks in the Northwest, has been meeting the real estate lending and financial needs of its customers since 1921. The full-service regional community bank has had a strong history of community involvement since it opened in 1921. Each year, HomeStreet Bank contributes 2% of its annual pre-tax profits to organizations in its communities. |
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