PEABODY, MASSACHUSETTS (www.northshore-bank.com) – North Shore Bank recently donated $10,000 to Harborlight Community Partners, an organization that provides housing for low and moderate income people living in Southern Essex County. They also provide a host of services for non-profits, churches, and properties hosting affordable housing.
The donation was made through the Community Investment Tax Credit (CITC) program, which was designed to allow local businesses to work with community development corporations (CDCs) and partner with nonprofit organizations to improve economic opportunities for low and moderate income households. The Department of Housing and Community Development is the administering agency for CITC and is responsible for managing the process by which the credits are allocated to eligible CDCs.
North Shore Bank President and CEO, Kevin Tierney related:
“Harborlight Community Partners is an extraordinary organization that is dedicated to serving the people of the North Shore.” He continued, “By offering the CITC program they have found a creative way to fundraise. By making this donation, what we receive in return is the satisfaction of knowing that we may be helping to make it a little easier for families in the communities we serve.”
From left to right – Andrew DeFranza, Executive Director of Harborlight Community Partners receiving the $10,000 contribution from Kevin Tierney, Sr., President and CEO of North Shore Bank.
Andrew DeFranza, Executive Director of Harborlight Community Partners said:
"We at Harborlight are grateful for the partnership of North Shore Bank and its commitment to affordable housing through our CITC program. This kind of investment is critical to our mission.” He went on to add, “The bank's long standing commitment to our local cities and towns is well matched with the intent of both Harborlight Community Partners and the Community Investment Tax Credit program to create access to decent, affordable housing for all our North Shore neighbors."
About Harborlight Community Partners
Harborlight Community Partners, Inc. is a non-profit, Massachusetts certified Community Development Corporation (CDC) with the capacity and sustainability to provide affordable housing across Southern Essex County. By anticipating the housing needs of the region’s increasing underserved population and creating, preserving and operating safe, affordable housing units and supportive services, Harborlight Community Partners, Inc. strives to make homes available to all North Shore citizens, regardless of means. If you are interested in ways you can help, please email firstname.lastname@example.org or call 978-922-9775.
About North Shore Bank
North Shore Bank is a full-service community bank based in Peabody, Massachusetts and serving the personal and business banking needs of the North Shore, eastern Massachusetts and southern New Hampshire. Established in 1888, the bank operates out of twelve area offices, located in Beverly, Danvers, Merrimac, Middleton, Peabody, Salem, Saugus and Newton, New Hampshire.