Fair Housing Council of Riverside County, Inc. was honored to welcome Bank of America to its Riverside office on August 18, 2015 to receive one of the Community Grants that were awarded on “18 Grants on August 18.” Fair Housing Council of Riverside County was awarded $15,000. Bank of America Sr. Vice President David Hahn made the presentation to Executive Director Rose Mayes and the Fair Housing staff.
Over 41 million U.S. households spend more than 30 percent of their income on housing. In addition, 43 percent of households in Riverside County earn less than $50,000 annually. Financial education is key to increasing home ownership.
Access to affordable, stable housing is foundational to a family’s financial well-being. Connecting individuals and families to the resources they need to be successful homeowners is essential to the health, educational and economic advancement and overall financial stability for families in Riverside County
“Our partnership with Bank of America helps address a pervasive challenge in the community – the lack of decent affordable housing.” Ms. Mayes said. “The grant we have received will help us fund a comprehensive financial literacy program that will teach homeowners and renters how to maximize the value of their income and spending.”
“Bank of America’s investment will help us reach more individuals and families and help them regain and maintain financial stability through access to knowledge and resources, ultimately making financial lives better in Riverside County.”