M&T Bank has supported more successful applications per round than any other participating institution since 2015

NEWS PROVIDED BY M&T Bank Corporation

BUFFALO, N.Y., Feb. 22, 2022 /PRNewswire/ — Applications for 17 affordable housing projects supported by M&T Bank (NYSE:MTB) have been awarded nearly $15 million in grants to fund the construction and rehabilitation of 1,120 affordable housing units in communities across New Jersey, New York, Pennsylvania and Maryland.

The grants are provided through the Federal Home Loan Bank of New York (FHLBNY) Affordable Housing Program, of which M&T is a member.

“The COVID-19 pandemic has exacerbated existing housing challenges for individuals and families, making quality affordable housing more important than ever before,” said Brad Dossinger, M&T’s senior vice president for community reinvestment. “Through close and continued collaboration with the Federal Home Loan Bank of New York and our housing partners, this year’s grant support will fuel economic impact and investment, benefitting residents in the communities where we live and work.”

Grant requests submitted by M&T and approved by the FHLBNY include:

Pennsylvania: $2,746,513 total grant support; 103 total units; three awards

• Mission First Housing Group received $2 million for the rehabilitation of 53 units at MidCity Apartments, a permanent supportive housing project for those experiencing homelessness in Philadelphia.
• $400,000 was awarded to Gaudenzia Foundation, Inc. for the construction of the 30-unit West Mill Place project in Philadelphia, which will provide housing to individuals and families recovering from substance use disorder.
• Rebuilding Together Philadelphia’s Haddington Home Preservation project was granted $346,513 to provide home repairs to 20 units in Northwest Philadelphia, targeting vulnerable households including elderly residents and residents with physical disabilities, developmental disabilities or chronic illnesses.

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