FirstBank Finances $500 Million in Affordable Housing, Unlocking Access to Homes in Colorado and Arizona [Yahoo! Finance]
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Source: Yahoo! Finance
LAKEWOOD, Colo., April 30, 2024 (GLOBE NEWSWIRE) -- FirstBank , one of the nation's largest privately held banks with a focus on “banking for good,” has partnered with numerous organizations to finance over $500 million in affordable housing projects since 2020. The bank recently launched Unlocking Colorado and Unlocking Arizona , a content series showcasing developments that expand affordable housing in both states. “As housing prices continue to rise, many families are finding it difficult to live in neighborhoods they could once afford,” said Kevin Classen, CEO of FirstBank. “Investing in affordable housing developments is not just about writing a check. It's about collaborating with partners to eliminate barriers and build communities, so we can increase economic mobility, and decrease intergenerational poverty.” The median home price in Colorado is , and in Arizona, making affordable housing unattainable. In response, FirstBank partnered with several organizations dedicated
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