KeyBank and non-profit Operation HOPE have teamed up to empower underserved Americans who want to own homes, the companies announced in a press release.
An Operation HOPE financial coach will be placed in KeyBank’s East Delavan branch in Buffalo, NY, to provide education and programming to anyone at no cost.
“By joining forces with Keybank, we can expand Operation HOPE’s reach and impact, bringing financial education and resiliency to those who need it the most. Together, we are creating a pathway to financial success and homeownership, empowering individuals and families to build a better future for themselves and their communities,” said John Hope Bryant, Founder, Chairman and CEO of Operation HOPE.
Through this partnership, anyone in Buffalo can access personalized education and information about the homebuying process and money management.
The HUD-certified Operation HOPE coaches will offer classes and coaching sessions to potential homebuyers, providing skills and resources for combating common first-time buyer challenges.
They will also instruct on credit and money management at large, as well as providing support throughout individuals’ financial journeys.
“KeyBank’s purpose is to help our clients and communities thrive. An important part of building thriving communities is providing access to financial tools and planning,” said Chris Gorman, Chairman and CEO of KeyCorp.
“Through this groundbreaking relationship with Operation HOPE, we are proud to take a significant step in empowering Buffalo community members with the knowledge and tools to build a more secure financial future.”
The program comes on the heels of KeyBank introducing two Special Purpose Credit Programs geared towards helping borrowers on the path to homeownership. The bank has also committed to investing more than $25 million in grants, fee waivers, and marketing over five years to increase mortgage lending in majority-minority neighborhoods.
KeyBank is headquartered in Cleveland, Ohio, and is one of the nation’s largest bank-based financial services companies.
Operation HOPE is a national nonprofit dedicated to financial empowerment for underserved communities operating since 1992.
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