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
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
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
“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
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
· 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
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
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.
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.