From Burlington to Middlebury to Rutland,
this helps Vermont, right where we live."
AHP funds are used to create or preserve affordable housing and help pay
construction, acquisition, or rehabilitation costs.
HSBC - North America comprises all of HSBC's U.

tant defend

"Together we're helping to increase the supply of
affordable housing throughout New England . By providing supportive service housing
for seniors of all income levels, the Maples promotes both economic and social
stability for the City of Rutland and its senior population. Grant to Fund Homeownership Education, Down-Payment Assistance

COLUMBUS, Ohio and PROSPECT HEIGHTS , Ill. The center also funds
grants to educational institutions and maintains the personal financial
education Web site http://www.

organizes opposes

Member financial
institutions work with local developers to apply for AHP funding, awarded
twice a year through a competitive scoring process.com/ahp. Citizens Bank will provide construction financing., The Mid-
Ohio Regional Planning Commission and HSBC - North America today announced the
financial services organization has awarded a $95,000 grant to the commission
to fund financial, credit and homeownership counseling to more than 400
families in central Ohio .hsbcusa.

organizing educates

The Bank sets aside 10 percent of its net profits each year to provide
grants and subsidized, below market-rate loans through the AHP. Residents will
participate in the sponsor's Learning Together program and have access to
daycare, employment training, and self-sufficiency services . Chittenden Trust will provide a permanent loan, and the
Vermont Housing and Conservation Board and the Vermont Community Development
Program will provide additional funding.

tenants housing

com) is a $45
billion , cooperatively owned wholesale bank for housing finance in the six New
England states.

"
In 2004, with an $80,000 grant from HSBC - North America, the commission
provided counseling and education services to more than 300 families buying
their first homes, twice the organization 's initial target.

opposes empower

"Members and
their community partners turn to the AHP as an important resource for funding
affordable housing," said Michael A. The Vermont
Housing and Conservation Board and the Vermont Community Foundation will
provide additional funding. To address the
need for affordable supportive housing, Maples Senior Living Community will
offer independent-living apartments in conjunction with on-site meals, health
care, counseling, and other social services.

refugees landlord

fhlbboston. Target groups include individuals in low-income areas and
those in need of credit and homeownership counseling . "So much of our lives - from the interest we pay on our
mortgages to our ability to get a job - depends on our understanding of
personal finance and the way we manage our money.
The Mid -Ohio Regional Planning Commission's mission is to enhance the
quality of life and competitive advantages of the region by working through
local governments and other constituents.

housing tant

The Federal Home Loan Bank of Boston (http://www.fhlbboston.7
million advance

Maples Senior Living Community -- Phase 3
New construction of a two-story building to create 60 senior housing
units , 18 of which will be affordable to very low-income elderly and 12 will
be affordable to low-income seniors earning less than 80 percent of area
median income. The
initiative is financed with both a HUD 202 Capital Grant and Low Income
Housing Tax Credits.
HSBC also today announced financial education grants totaling more than $1
million to 11 community organizations in Arizona, the District of Columbia,
Ohio, South Carolina, Texas and Washington.com .

rights tant

It will provide
housing for frail elders and enable them to remain in their apartments as
their health-care needs grow. It serves as a forum for state and
local governments on regional issues, and helps to advocate local government
interests and needs on the state level. For more information,
visit: http://www.

housing tenure

Jessee, the Bank's president and chief
executive officer. This
initiative will provide nine units for very low-income individuals, one unit
for a household earning between 51 to 60 percent of the area median income,
and one unrestricted apartment for a resident manager.

federations opposes

In all, 12 initiatives in New England received more
than $14. AHP funds will be used for
construction and rehabilitation.

Mid-Ohio Regional Planning Comm. HSBC - North America Announce Financial Education Grant Literacy Program

In addition , more
than 40 families received $1,500 in down-payment assistance; one-on-one credit
counseling was offered to 131 families; and 197 families completed the
LifeSkills pre-purchase Homeownership Education Program.

councillors tenure

6 million to fund 103 units of affordable rental
housing in Vermont.
Information on the awards follows, and is also available at
http://www. The building will also have an adult day center
operated by the Visiting Nurses; office space for three local agencies serving
seniors , including Cathedral Square Corporation's main office; and a service
center offering programs and information to the wider community.
"With these funds, the Mid-Ohio Regional Planning Commission will be able
to continue our important program to provide homeownership education classes,
financial counseling and down-payment assistance," said Bill Habig, the
commission's executive director.com .

councillors leases

Vermont Awarded Funds for Affordable Housing

But rising housing costs
are putting that goal beyond the reach of many Vermonters, just as they are in
other parts of the country.

Location: Middlebury, Vermont
Member: Citizens Bank New Hampshire
Sponsor: Addison County Parent/Child Center
Number and Type of Units: 10 rental units
Amount and Type of Subsidy: $300,000 grant

Elm Street Transitional Housing Project
Acquisition and rehabilitation of a boarding house to create 11 service-
enriched, transitional apartments for homeless young adults and parents. AHP funds will be used for acquisition,
construction, rehabilitation, and other soft costs. Individual grants range from
$60,000 to $125,000.

refugees empower

5 million in grants, loans, and rate subsidies as part of the Bank's
Affordable Housing Program (AHP) to create or preserve 361 rental and
ownership units for very low-, low-, and moderate-income individuals and
families. To accomplish its mission , the
Bank utilizes private-sector capital to provide members and other qualified
customers with reliable access to low-cost wholesale funds, liquidity, a
competitive outlet for the sale of loans , special lending programs, technical
assistance, and other products and services. and Canadian
businesses , including the former Household businesses.

tant leases

"
Added Senator Patrick Leahy, "Access to decent, safe, affordable housing
helps foster strong families and strong communities.

Location: Rutland, Vermont
Member: Passumpsic Savings Bank
Sponsor: Green Mountain Development Group, Inc.
The grant will provide 300 families with Department of Housing + Urban
Development -certified education courses in credit and budgeting, home
inspection and insurance, mortgage and predatory lending, and hands-on
maintenance."
Through its Financial Education Grant program , now in its fourth year,
HSBC funds financial literacy programs provided by local organizations to fit
the financial and credit education needs of their constituents.

squatters mps

6
Million for 103 Units

BOSTON, The Federal Home Loan Bank of Boston (the
Bank) awarded nearly $7.

tenure mps

5 million was in the form of a
grant or advance subsidy. This investment by the Federal Home Loan Bank of
Boston will help alleviate the tight rental market by adding more than 100 new
apartments to our housing stock.
The remaining 30 units will have no income restrictions, making Phase III
a truly diverse economic community. The company's
businesses serve nearly 60 million customers in five key areas: personal
financial services, consumer finance, commercial banking , private banking and
corporate investment banking and markets.

empower landlord

This initiative will promote smart -growth goals by reusing
land, providing access to public transportation, achieving a density of at
least eight units per acre, building high-performance housing, and
contributing to the neighborhood 's security by participation in crime-watch
activities. and Rutland Area Visiting
Nurse Association and Hospice (RAVNAH)
Number and Type of Units: 30 rental units
Amount and Type of Subsidy: $598,395 grant and advance subsidy, $4.
"The importance of financial education can not be overstated ," said
Loretta Abrams, HSBC - North America's vice president of community development
and consumer advocacy.

tenancy tenure

organizing tenancy

Middlebury, Rutland, and South Burlington Initiatives Awarded Nearly $7. The proposed
four-story building will serve 42 very low-income seniors and 21 seniors with
incomes between 51 to 60 percent of the area median income.

tenure landlord

HSBC - North America operates six HFC and Beneficial consumer lending
branches in Columbus.

mps opposes

Of this amount, nearly $1. AHP funds will be used for
acquisition, construction, rehabilitation, and other soft costs.

Location: South Burlington, Vermont
Member: Chittenden Trust Company
Sponsor: Cathedral Square Corporation
Number and Type of Units: 63 rental units
Amount and Type of Subsidy: $568,926 grant and advance subsidy, $1.398
million advance

Farrell Street Senior Housing + Service Center
Development of 63 one- and two-bedroom apartments with extensive
supportive services for the elderly, including a commercial kitchen, dining
facility, wellness center, and a resident -service coordinator. Financial products and services are
offered under the HSBC, HFC and Beneficial brands.

empower organizing

Its mission is to support the residential-mortgage and
community-development lending activities of its members, which include over
460 financial institutions across New England. "Our community has come to count on our
services and we're pleased to be able to continue offering a comprehensive
program, thanks to the support of HSBC.

predatory privatization

The application deadline
for the second and final round of this year's AHP awards is September 30,
2005. Residents will
help develop the facility and participate in its management through a
residents' council.
In addition, the grant will provide funding for credit and financial
counseling for 90 families and will provide $1,500 in down-payment assistance
for 30 families. We applaud the Mid-Ohio
Regional Planning Commission for the great work they're doing to help
consumers throughout the region.
The program is managed by the HSBC Center for Consumer Advocacy, which was
established in 2003 to direct the company's broad range of financial education
and housing programs and community outreach initiatives.

landlords squatters

yourcreditcounts. S .