NEW BRITAIN – Neighborhood Housing Greater New Britain is the recent recipient of a grant from the TD Charitable Foundation to support the forthcoming Small Home Repairs initiative.
The TD Charitable Foundation, the charitable giving arm of TD Bank, awarded a $15,000 grant that will enable NHSNB to offer financial literacy workshops to those homeowners who participate in the initiative.
“By having financial education as an additional requirement, this program will be a great resource to help ensure homeowners are prepared to manage the growing costs of homeownership,” said Sherese Ponder, who will oversee the new program for Neighborhood Housing Greater New Britain. “We’re excited to get this program started.”
The Small Home Repairs initiative, which is expected to launch in August, will help homeowners in low-income neighborhoods address the need for small home repairs that often go undone. It is designed to fill a gap that is not completely met by many other existing programs.
“The program is designed to help homeowners in our community to maintain and preserve the value in their homes and therefore in their community,” said Chris Sanders, president and CEO of Neighborhood Housing Greater New Britain. “With this generous grant, we will be able to require that the homeowners attend financial coaching sessions designed to help them to plan better for handling the maintenance expenses of being a homeowner.”
Initially the program will be open only to homeowners in the North/Oak neighborhood of New Britain and those interested will be able to apply in late summer. Financial assistance will be awarded to each homeowner that is eligible to cover all or part of the cost of the needed small repairs. Neighborhood Housing staff that are knowledgeable in repairs will review each request, advise the homeowner on the best approach, and in many cases arrange for the work to be done. After assessment either professional resources or community volunteers may be utilized depending on the nature of the needed repair.
“A safe, affordable place to call home is foundational to feeling confident about the future but being a homeowner can often feel overwhelming. That is why programs like the Small Homes Repair Initiative are critical to helping people gain the knowledge and skills they need to feel more confident about homeownership,” said Steven Webb, regional president for the Southern New England Metro at TD Bank and board member of the TD Charitable Foundation.
Those interested in the Small Home Repairs Program and to be notified when applications open should fill out the general contact form on the NHSNB website at nhsnb.org/contact-us.