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