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News : Real Estate Dec 9, 2013 - 8:32:26 AM

$7,500 Grant Awarded to New Neighborhoods

By People’s United Community Foundation

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Left to right: Karen Galbo, Marketing, Public and Community Relations Director, People’s United Community Foundation; Vonda Pommills, Marshall Commons Tenant Advocate Program Coordinator; Ross Burkhardt, President & CEO of New Neighborhoods, Inc.; and Yamilette McNeil, Marshall Commons Property Manager. (contributed photo)
BRIDGEPORT, CT – The People’s United Community Foundation, the philanthropic arm of People’s United Bank, announced today that it has awarded a $7,500 grant to New Neighborhoods, Inc. (NNI).

NNI works to increase the number of units of affordable ownership and rental housing options for the working poor and seniors. In addition, the organization preserves affordability by acquiring and rehabilitating existing rental units in Stamford, Norwalk and throughout Fairfield County.

“Quality affordable housing near jobs, transportation and basic services not only helps struggling families gain an economic foothold, it attracts and keeps the businesses that make Fairfield County a desirable place to live, work, and visit. We are deeply grateful for People’s United’s commitment to strong communities and for supporting our mission and our work,” said Ross Burkhardt, NNI President and CEO.”

The funding from People’s United Community Foundation will assist NNI in continuing its work to identify, produce and preserve quality low- and moderate-income housing options.

“It was exciting to see the neighborhood revitalization taking place in the South End of Stamford during our visit to one of NNI’s newest property developments - Marshall Commons,” said Karen Galbo, Marketing, Public and Community Relations Director for People’s United Community Foundation. “NNI is also doing an excellent job connecting its tenants to community-based resources and assisting individuals and families in achieving economic self-sufficiency through its Tenant Advocate Program.”

Established in 2007, People’s United Community Foundation was formed to help support programs and activities that enhance the quality of life for citizens in the communities that People’s United Bank serves. People’s United Bank, founded in 1842 and serving customers from New York to Maine through a network of 412 branches, is the largest independent bank headquartered in New England. The Foundation places special emphasis on programs designed to promote economic self-sufficiency, education and improved conditions for low-income families and neighborhoods. The funding priorities of the Foundation include community development, youth development, and affordable housing.

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