WesBanco Bank Partners with Habitat for Humanity Metro Maryland to Secure a $750,000 Grant from FHLB Pittsburgh

In partnership with WesBanco Bank, Habitat for Humanity Metro Maryland (HFHMM) has been awarded a $750,000 grant from the Federal Home Loan Bank of Pittsburgh’s 2023 Affordable Housing Program. This funding was awarded to HFHMM for its Randolph Road project, a one-of-a-kind development that is one of the largest new construction affordable developments of its kind in Montgomery County MD. Through a partnership between Montgomery County, AHC, and Habitat for Humanity Metro Maryland, 195 deeply affordable housing units will be built to serve lower-income families who will benefit from easy access to schools, shopping, employment, and transit.

As part of the overall project, HFHMM is building 27 affordable homeownership opportunities – 24 garden-style condominiums in two buildings and three single-family detached homes with Universal Design features. With a total price tag of approximately $10 Million, this is the largest project-to-date for Habitat Metro Maryland, one that will provide transformative opportunities for the families selected to purchase the homes.

“The importance of this project for our future homebuyers cannot be overstated because we are able to serve hard working families who are unable to secure conventional mortgage financing because of market pressures,” said Jeffrey Dee, President & CEO, HFHMM. “Working with WesBanco to secure a FHLB grant of $750,000 brings the dream of homeownership closer to reality for these 27 families. We are thrilled to receive this award and to continue providing affordable homeownership opportunities for families seeking a hand up and not a hand out.”

“At WesBanco our vision is for every community we serve to become a better place for people and businesses to thrive,” said LaReta Lowther, SVP Director of Community Development, WesBanco. “We are proud to help bring that vision to life in Montgomery County through our collaboration with Habitat for Humanity Metro Maryland and the Federal Home Loan Bank of Pittsburgh. This $750,000 grant will build more than affordable homes. It will build opportunities for families and the community to grow and prosper.”