Dayton HRC

Community Groups Commend Huntington Bancshares Plan

Dayton HRC an Influential Partner in $16.1 Development Plan

Release Date: Monday, May 23, 2016

Contact: Erica Fields, Dayton Human Relations Council, 937-333-1403

Local housing, community development, neighborhood and civil rights groups have

commended the $16.1 billion Community Development Plan announced by

Huntington Bancshares.

The plan was developed in an agreement between Huntington Bancshares and the

undersigned local members and allies of the National Community Reinvestment

Coalition (NCRC). Dayton is expected to benefit substantially from the loans and

investments included in this agreement.

Huntington’s Community Development Plan, set to begin in 2017, includes mortgage

and small business lending in low- and moderate-income (LMI) communities,

community development lending and investments, a philanthropy program, and other

services to increase access to financial services in LMI communities and

communities of color, such as 10 new branch locations in these areas.

“The Human Relations Council is glad to be included in the process of advocating for

additional resources for low-to moderate-income communities in Dayton, Ohio,” said

Catherine Crosby, Executive Director of the City of Dayton Human Relations Council.

“The resources provided through public benefit agreements increase access to capital

and technical assistance to small businesses leading to job creation and retention,

non-profit social service support, resources for affordable housing and provides many

other opportunities to ensure community assets exist to stabilize vulnerable

communities.”

Shannon Isom, CEO of YWCA Dayton, said, “Huntington has made a landmark

decision that can change the course of banking relations. We are hopeful and forwardlooking,

imagining the quantifiable and positive impact on community and people.”

The Community Development Plan was developed through meetings with NCRC and

over 100 community-based organizations across Huntington’s footprint, including the

community organizations listed below.

“The Miami Valley Fair Housing Center welcomes the benefits for low- to moderateincome

families and communities of color that are represented in this Community

Development Plan from Huntington,” said Jim McCarthy, President/CEO. “We need

more banks to step up and follow this example to help stabilize our neighborhoods.”

“We commend Huntington for working with local community advocates to reach an

agreement that will help many people in working class communities and communities

of color build wealth,” said NCRC President and CEO John Taylor.

“This plan lays out activities that will produce the kind of significant public benefit that

needs to be created when banking institutions merge. Commitments like this are only

possible with strong leadership from the highest levels of institutions, and we applaud

Huntington Chairman, President and CEO Stephen Steinour for his leadership in this

process.”

“Huntington’s commitment to reinvest in greater Dayton neighborhoods hardest hit by

the foreclosure crisis will assist locally funded programming to stabilize these areas

and create new affordable housing and small business investment,” added County

Corp Vice President for Housing Adam Blake. “We look forward to working with

Huntington and other lenders to leverage local resources to restore these

communities.”

The Community Development Plan will:

· Fund $5.7 billion in single-family mortgage lending in low- to moderate-income areas.

· Fund $6.6 billion in small business lending including within low- to moderate-income

areas.

· Fund $3.7 billion in community development lending and investment targeting

affordable housing access and community-based loan funds.

· Fund $25 million of additional grants and philanthropy primarily targeting housing and

small business credit service access.

· Create $30 million in further economic impact through support including new branch

locations within low- to moderate-income areas and/or majority minority areas; the

addition of dedicated community mortgage loan officers; and the formation of a

dedicated mortgage processing team to handle unique underwriting opportunities.

The following local organizations participated in meetings with Huntington to develop

the community development plan:

Advocates for Basic Legal Equality

City of Dayton Human Relations Council

Citywide Development Corporation

County Corp.

Greater Dayton Premier Management

HomeOwnership Center of Dayton

Miami Valley Fair Housing Center

Miami Valley Housing Opportunities

Miami Valley Urban League

Urban League of Greater Southwestern Ohio

The Omega Community Development Corporation

YWCA Dayton

###

About NCRC:

NCRC and its grassroots member organizations create opportunities for people to

build wealth. We work with community leaders, policymakers and financial institutions

to champion fairness in banking, housing and business development.

About HRC:

The Human Relations Council works to influence and ensure a culture of fair

treatment, inclusion and equal access to opportunities for all who live, work, play, and

gather in the City of Dayton. The Council enforces civil rights; provides business and

technical assistance to minority-owned, woman-owned and small disadvantaged

businesses; and administers community relations initiatives that promote and

maintain peace, goodwill and harmony; assists in reducing inter-group tensions, and

ensures equality of treatment and opportunity to all who live, work, play, and gather in

the City of Dayton.

#

 

Get Involved

The more residents that get involved in their community, the better the City of Dayton will be.
The Human Relations Council offers opportunities for individuals and organizations to
make an impact and promote equality and harmony in Dayton, Ohio.

Learn More
Menu