General World News

First Financial Bank to invest $700M by 2028 in affordable mortgages

Cincinnati-based First Financial Bank has agreed to direct $2.4 billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending.

The initiative is part of a community benefits agreement with the National Community Reinvestment Coalition (NCRC), the parties announced Tuesday. 

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing, revitalization and stabilization, and projects that create jobs in LMI areas.  

Another $700 million is expected details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com