Associated Bank invests in Habitat for Humanity

Freeman Staff

April 20, 2015

MILWAUKEE — As a measure of support for Milwaukee Habitat for Humanity, Associated Bank announced Monday that it has purchased approximately $2 million in residential loan mortgages from the nonprofit organization.

It is the largest one-time sale of mortgages in the affiliate’s history, and the funds will support the organization’s five-year revitalization initiative in Milwaukee’s Washington Park neighborhood, according to the announcement.

“The success of our neighborhood revitalization efforts relies on partnerships with businesses and organizations that have a strong commitment to building our community,” said Brian Sonderman, executive director of Milwaukee Habitat, in a statement. “We are deeply grateful to Associated Bank for this opportunity to further our mission to build homes and hope in Milwaukee and to truly transform Washington Park into a safe, sustainable community of choice.”

Also, Associated Bank will provide hands-on support with employees volunteering during the next five years to work alongside Habitat staff and partner families with neighborhood revitalization efforts to build new affordable houses and rehab foreclosures into safe, decent homes.