Leader Bank has continued its support for affordable housing in Arlington with a $20,000 donation to the Housing Corporation of Arlington (HCA). This contribution reflects Leader Bank’s long-term commitment to community development and the provision of essential services for families at risk of homelessness.
An artist rendering of the planned building at 10 Sunnyside Ave., potentially to be open for occupancy in 2026.
This donation aims to help the HCA Arlington develop more affordable housing, empowering tenants by engaging them in leadership roles, and supporting families at risk of homelessness through critical services.
“Leader Bank has been a longtime supporter and housing lender of HCA’s,” Executive Director Erica Schwartz told YourArlington. “We are so grateful to have locally focused organizations like Leader Bank supporting our work. The housing crisis has continued to get worse, and HCA is responding by expanding our work.
“These funds will help us create more permanently affordable housing in Arlington as we move to start construction at 10 Sunnyside Ave. and have another project on the horizon. The donation will also help low-income families remain stably housed, and connect Arlington tenants to leadership opportunities that allow them to advocate around important housing issues and create positive change.”
Leader Bank donation to HCA.
Sushil Tuli, Leader Bank’s chairman and CEO, said in a news release: “At Leader Bank we are deeply committed to supporting organizations that directly impact our communities. The Housing Corporation of Arlington has been a vital partner of Leader Bank for nearly two decades, and their work to provide affordable housing and critical services aligns perfectly with our mission. We look forward to continuing to invest in meaningful projects that make a difference for families in Arlington.”
Leader Bank has long history of public service
Leader Bank’s support of the HCA is part of the bank’s participation in the community-investment tax-credit program, underscoring its mission to serve and build wealth for low- and moderate-income individuals.
“We partnered with the Housing Corporation of Arlington more than 15 years ago, and it’s been an incredible journey,” said Matthew Pierce, Leader’s chief lending officer and former HCA board member. “As a community lender, we aim to partner with organizations that meet critical needs, such as affordable housing and essential community services. Supporting HCA financially and through volunteerism aligns perfectly with our goals.”
Leader Bank was named one of the most charitable contributors in Massachusetts by the Boston Business Journal for the eighth year in a row in 2024 for donations made by the bank and through the Leader Bank Charitable Foundation.
Schwarz
“Leader Bank plans to expand its community investments further, ensuring continued support for organizations that address housing, financial needs, and overall community well-being,” said Aida Franquiz, vice president and community-development officer.
Aug. 28, 2024: Proposed affordable-housing complex gets millions — and closer to reality
This news article was published Sunday, Dec. 22, 2024, based on information from Housing Corporation of Arlington Executive Director Erica Schwarz and a release in Boston Real Estate Times.
