Bank leaders worked to build a home that Penn Community Bank is sponsoring in the Habitat for Humanity of Bucks County development on Woodland Avenue
DOYLESTOWN, Pa. (January 9, 2019) – Penn Community Bank directors Robert L. Byers, Bruce Weed, and W. Thomas Lomax participated in a build day for the Habitat for Humanity of Bucks County Woodland Park Project on Jan. 4 in Morrisville. Penn Community Bank team members Diane Brown, Chief Administrative Officer, and Will Kadri, Multi-Site Manager, joined the directors in the build.
“The participation from the team members and my colleagues on the board of directors exemplifies Penn Community Bank’s culture of volunteerism,” said Byers, who serves as chairman of the board. “We are proud to contribute to support affordable housing in Bucks County.”
In October 2018, Penn Community Bank announced a sponsorship pledge of $100,000 over the next three years to Habitat for Humanity of Bucks County to support the creation of affordable housing in the county.
“Along with the funds pledged for this project, the team at Penn Community Bank has generously donated their time and participation to help build this home,” said Florence Kawoczka, Executive Director of Habitat for Humanity of Bucks County. “Our partnerships with organizations such as Penn Community Bank help make the dream of being a homeowner a reality for hard-working Bucks County families.”
The homes in the Woodland Park development project will pave a path to homeownership for four deserving families. To qualify for Habitat’s homeownership program, families must invest at least 200 “sweat equity” hours in the building project, have a stable income and credit history, and be able to afford the projected monthly mortgage payments while earning an average of 60 percent to 80 percent of Bucks County’s median family income, which Habitat pegs at $87,400 for 2018.
The Philadelphia suburbs are among the most expensive places to live in Pennsylvania, often putting home ownership out of reach of lower-income earners. Supporting efforts to create safe, stable, affordable housing is one of Penn Community Bank’s four primary priorities for community giving.
The Woodland Park project will offer many more opportunities for volunteerism. To learn more and to get involved, visit https://www.habitatbucks.org/
About Penn Community: Penn Community Bank holds more than $2 billion in assets, employs more than 300 people, and offers banking, lending, insurance and investments at 25 bank branches and two administrative centers throughout Bucks and Montgomery Counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.
About Habitat Bucks: Founded in 1990, Habitat for Humanity of Bucks County’s mission is Building Communities, Empowering Families. Since then, it has built or fully renovated 114 affordable homes in Bucks County through its Homeownership Program, which provides an opportunity for low-income families to build strength, stability and self-reliance by partnering with Habitat. Its low-cost Home Repair program makes interior and exterior repairs to help individuals improve accessibility and remain safe in their own homes. Revenue from Habitat Bucks ReStores provides a source of sustainable funding for the construction and repair of homes. Habitat Bucks has an open-door policy: All who believe that everyone deserves a decent, affordable place to live are welcome to volunteer to lend a helping hand. For more information, call 215.822.2812 or visit www.habitatbucks.org.