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November 18, 2019 City Council Regular Meeting
Title
6. Appearance and Presentation of a $5,000 Contribution by SunTrust Bank into the Savannah Affordable Housing Fund
Strategic Priority
Neighborhood Revitalization
Description

SunTrust Bank's Savannah Market President, Mr. David Camden  is presenting a check for $5,000 to the Mayor and Aldermen for deposit into the Savannah Affordable Housing Fund (SAHF).  He will be accompanied by the SAHF Advisory Committee and Community Housing Services Agency, Inc. (CHSA) members.  This is SunTrust Bank's first contribution to the SAHF.  The SAHF is a local fund that helps leverage private investment to address local workforce and affordable housing needs and opportunities.  A motion to formally accept this donation appears on the consent agenda.

Over the last eight years, the locally controlled public and private investments into the Savannah Affordable Housing Fund have helped to leverage additional resources into our community. This Public/Private Partnership serves as an exemplary model for other financial institutions in Savannah. Since 2012, the Savannah Affordable Housing Fund has provided $16.4 million of assistance to local families seeking better housing including fulfilling the American dream of owning and maintaining a home. A motion to formally accept this donation appears on the consent agenda.

Recommendation

N/A

Contact
Martin Fretty, Director of the Housing & Neighborhood Services Department
Financial Impact
Revenue of $5,000 into the Savannah Affordable Housing Fund
Review Comments
Attachments

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