THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Monday, November 21, 1994 TAG: 9411190270
SECTION: BUSINESS WEEKLY PAGE: 18 EDITION: FINAL
TYPE: DIGEST
LENGTH: Short : 24 lines
The ``Governor's Housing Achievement Award'' was given to First Union National Bank of Virginia for its housing programs for homeless families, the disabled and poor people. First Union committed more than $6 million in 1993-94 to nonprofit community housing groups through the Federal Home Loan Bank's affordable housing program. The bank said the money helped provide nearly 850 affordable apartments and houses.
Among those assisted were more than 125 homeless people and more than 150 mentally or physically disabled individuals. The bank's housing programs include down-payment subsidies, reduced home-purchase closing costs, grants for the building or renovation of affordable apartment buildings and financial assistance for programs such as Habitat for Humanity. by CNB