HSBC has yet again recognized RCIL as a loyal and dedicated community partner with a generous donation to RCIL and Community Reinvestment Act (CRA) funds in the amount of $3,000. This is the third year HSBC has shown its dedication to the guidelines of the CRA legislation and their contribution to the community they serve. The CRA targets individuals with disabilities that fall under the low to moderate income population. RCIL would like to extend a special thanks to Karla J.L. Gadley, Senior Community Development Manager and Vice President of HSBC, for her support and her belief in the role RCIL fills in serving our community. The donation of $3,000 will ensure the success of RCIL’s mission to keep individuals and seniors with disabilities living independently in the community.
Not only has participation in the HSBC First Home Club saving program been an excellent consumer experience in financial stability, but it also earned RCIL an essential grant of $7,500 to ensure that closing costs are covered. RCIL appreciates the HSBC Grant Team for understanding the financial challenges our consumers face as participants on limited income.
RCIL’s homeownership closings with HSBC have grown each year and in 2011 it is anticipated that approximately ten consumers with disabilities will have achieved closing on a home.
Often the financial preparation for a home purchase is time-consuming and tedious. It can often take several years of repairing credit history, budgeting and saving for consumers to finally achieve their goal of purchasing a home. For example, a consumer named Suzanne, who had worked with Jane Chase since 2006, finally closed on the home of her dreams in October 2011.
RCIL would also like to express their appreciation to Laura J. Smith, Senior Retail Mortgage Consultant at HSBC for the role she played in helping Suzanne, as well as helping other consumers who have successfully purchased homes since 2002. Laura has expert knowledge, compassion and understanding of the consumer’s particular needs during their financial journey.
For further information on housing, please contact Jane Chase at (585) 442-6470.