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.