Haley Solomon, North Carolina Housing Coalition
Audria Belton, Truist
Raleigh, NC, 9/17/21 – The North Carolina Housing Coalition (NCHC) announced today it received a $425,000 grant from Truist Financial Corporation through its Truist Charitable Fund, a donor-advised fund at The Winston-Salem Foundation, to provide continued support and statewide coordination of the Coalition’s network of local housing counseling agencies (LHCAs) across North Carolina to keep families in safe, affordable housing.
NCHC Executive Director Samuel Gunter says, “Across the state, there are dedicated and capable housing counselors who come to work every day to prepare families to become homeowners and then ensure they can remain in their homes in the face of financial hardship. Housing counselors need our support, and we are grateful Truist has made this investment to enhance their capacity to meet the needs of more families across the state.”
Housing counselors play a significant role in helping North Carolina families become and stay homeowners. In 2010, North Carolina had 110 local housing counseling agencies respond to the foreclosure crisis. Today, there are 54 and 17 counties do not have an assigned LHCA. This loss of capacity will be detrimental to current and potential homeowners as Covid-19 forbearance protections end. This investment in the technological capacity of housing counseling agencies will improve their administrative capacity, expand their geographic scope, and thereby increase the number of families who will be served.
“At Truist we’re committed to inspiring and building better lives and communities through areas such as affordable housing,” said Anthony L. Weekly, chief Community Reinvestment Act officer at Truist. “Through our support of the North Carolina Housing Coalition, we’re helping to create sustainable communities so people can live healthy, safe and productive lives.”
About North Carolina Housing Coalition
The North Carolina Housing Coalition is a private, nonprofit membership organization working for decent, affordable housing that promotes self-determination and stable communities for low- and moderate-income North Carolinians. Their mission is to lead a movement to ensure every North Carolinian has a home in which to live with dignity and opportunity. The Coalition meets its mission by convening, resourcing, and mobilizing affordable housing professionals, communities impacted by a lack of affordability, and the broader public to pursue policies at the local, state, and federal levels that improve the supply, quality, and access of affordable housing in North Carolina.
About Truist Charitable Fund
The Truist Charitable Fund is a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.
Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank. Truist Bank, Member FDIC. Learn more at Truist.com.