By collaborating resources and solution-driven ideas, Bank of America and NeighborWorks® Rochester are making it easier for low-income families to gain financial stability. A recent grant of $10,000 from Bank of America will support financial coaching and homeownership education for Rochester area residents provided by the non-profit organization.
These funds will help provide tools and resources that allow potential homebuyers to become mortgage-ready through NeighborWorks Rochester’s homeownership education and coaching. Participants are provided with financial coaching, education in mortgage products, and guidance on available financial assistance and first-time homebuyer grants. As a member of the NeighborWorks America network, the organization’s approach is a key component of strengthening Rochester area neighborhoods.
“We provide tools for individuals who may be seeking to increase their economic mobility through homeownership to prepare themselves for success.” stated Joanne Panarisi-Bottone, NeighborWorks® Rochester’s Executive Director. “We are pleased to be able to partner with Bank of America to advance opportunities for those in our community who may not otherwise have this type of support.”