Bank receives Sisters housing grant

Bank of the Cascades was recently awarded a $54,989 Affordable Housing Program grant from the Federal Home Loan Bank of Seattle.

The funds will be used in the initial development of two local Habitat for Humanity projects.

Sisters Habitat for Humanity will benefit from $24,995 of the grant to build five single-family residences in Sisters.

The residences will be for families that are at or below 60 percent of the Deschutes County area median income and are first time homebuyers. Consideration will be given to special needs families.

Bend Area Habitat for Humanity will benefit from $29,994 of the grant money to build six single-family residences in the Bend area.

The bank has an affordable housing program in place designed to meet the needs of the under-served market of first-time homebuyers, low-to-moderate income homebuyers and those seeking special assistance to qualify for a home purchase.