Centereach, N.Y. (January 10, 2019) – Community Development Corporation of Long Island (CDCLI) was awarded a $50,000 grant from Capital One Foundation to support its Homeownership Center. The grant is being used by CDCLI to fund its pre and post purchase programs and services that help Long Islanders retain assets and wealth, while addressing housing needs in order to achieve and sustain affordable, long-term homeownership.
These programs include CDCLI’s: Financial Fitness, Health, and Wealth (FFHW); Home Maintenance Training Program (HMTP); and Home Equity Conversion Mortgage (HECM) counseling. “In 2018, CDCLI’s Homeownership Center helped more than 1,100 customers prepare for, achieve, or preserve the dream of homeownership and with this funding, we are able to continue to help hundreds of Long Islanders realistically assess their readiness for a home purchase, understand their financing and down-payment options, participate in Home Maintenance Training, and navigate the process related to obtaining a reverse mortgage,” said Gwen O’Shea, President and CEO of CDCLI.
Capital One’s Investing for Good Grants are a commitment to enhance the well-being of individuals and families in the local communities that Capital One serves. They focus on four issues including affordable housing, financial well‑being, small business development, and skills for the 21st Century, all of which strengthen communities and prepare them for robust economic futures.