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Building up affordable housing

Building up affordable housing

Posted on: April 20, 2016
Author: Staff

When home ownership becomes a reality for a family who thought it was out of reach, lives are infinitely changed for the better. At ATB, we have the unique opportunity to use our financial know-how to really make an impact on affordable housing, and help make those dreams come true.

“Owning a home makes all the difference for a family,” said Alfred Nikolai, President and CEO, Habitat for Humanity Edmonton.

“A home provides a foundation for generational change and gives families strength, stability and self-reliance. We are always pleased to partner with great companies like ATB to make home ownership a reality for families.”

ATB has participated in Habitat for Humanity builds across the province for many years, donating money as well as hundreds of hours of volunteer time. In the past year, ATB supported a women’s build day in Edmonton, as well as builds in Calgary and Wetaskiwin.

This year, Alberta's economic situation is making it especially difficult for Habitat and many other agencies to get the funding they need. This makes it even more critical for partners like ATB to stay the course, according to Sandra Huculak, Managing Director of Corporate Social Responsibility & Community Investment at ATB Financial.

“Throughout our history, we’ve always stuck by Albertans in tough times. That means sticking by our community partners so they can continue their important work,” she said.

Through a combination of philanthropy and banking knowledge, ATB supports a number of initiatives dedicated to housing in Alberta. ATB partnered with the Calgary Homeless Foundation to develop the social incubator fund, which will be used to finance the development of housing projects in Calgary. Our Corporate Financial Services area of expertise works closely with several affordable housing organizations, providing tailored financing at significantly reduced rates.

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