Lafayette Ambassador Bank partners with FHLBank of Pittsburgh to provide $320,000 grant to build affordable housing

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Lafayette Ambassador Bank partners with FHLBank of Pittsburgh to provide $320,000 grant to build affordable housing

Gerry Nau, Chairman and CEO of Lafayette Ambassador Bank; Joseph Schupp, Board Chairman for Valley Housing Development Corp.; U.S. Rep. Charlie Dent; and David Buches, community investment manager of FHL Bank Pittsburgh help provide a $320,000 grant to build affordable housing.

Gerry Nau, Chairman and CEO of Lafayette Ambassador Bank; Joseph Schupp, Board Chairman for Valley Housing Development Corp.; U.S. Rep. Charlie Dent; and David Buches, community investment manager of FHL Bank Pittsburgh help provide a $320,000 grant to build affordable housing.

Bethlehem, Pennsylvania – In April, Lafayette Ambassador Bank partnered with FHLBank Pittsburgh to provide a $320,000 Affordable Housing Program (AHP) grant to Valley Housing Development Corporation for a project in Bethlehem, Pennsylvania.

The project, named The Mills, will benefit low-income, elderly and other special needs persons by providing quality affordable housing. This $16 million project will include safety and accessibility improvements, current and preventive maintenance and efficiency improvements to this 113 unit residential development for the Lehigh Valley.

“This AHP grant funding provided by the FHLBank Pittsburgh has an immeasurable positive impact on our communities,” remarked Gerald A. Nau, Chairman of the Board and CEO, Lafayette Ambassador Bank. “We are so pleased to stand with our partner sponsors to channel these funds to where they are making a real difference in people’s lives. These grants directly affect the revitalization of our neighborhoods, people’s health and safety, and the overall quality of life.”

Lafayette Ambassador Bank is a subsidiary of Fulton Financial Corporation, a $17 billion financial holding company located in Lancaster, Pennsylvania.

Congratulations Fulton Financial!