Huntington Bank Targets Memphis Housing and Workforce Growth

The capital injection includes $250,000 earmarked for United Housing over the next three years. These funds are specifically designed to assist residents earning below 80% of the area’s median income, providing essential support for down payments, closing costs, and financial counseling. Executive director Amy Schaftlein noted that the contribution will enable the organization to reach hundreds of additional families, specifically targeting first-generation homebuyers often overlooked by traditional mortgage lenders.

Simultaneously, a $50,000 grant will support the Boys & Girls Clubs of Greater Memphis, specifically funding the Juice Plus+ Technical Training Center. The facility provides vocational instruction in fields ranging from culinary arts and logistics to welding and IT. Board member Shannon A. Brown, who credits his own career success to early involvement with the clubs, emphasized that the funding will facilitate industry-recognized certifications, helping students bridge the gap between education and employment. This partnership builds on a history of collaboration between the bank and the community, supported by ongoing volunteer efforts and board participation from bank staff.