Increasing Access to Capital

United Bank enjoys strong partnerships with several Habitat for Humanity (HfH) affiliates. While many banks partner with HfH affiliates, United is unique in our flexible approach, applying various combinations of board service, volunteerism, purchasing whole loans, donations, and commercial financing, depending on the strategy, size, and scope of each local affiliate. This HfH toolbox has developed over years of working with a variety of affiliates and is the result of United’s market-by-market approach that helps keep us locally responsive even as our footprint grows.

The nature of the partnership varies depending on the goals identified by the HfH affiliate. United employees provide volunteer assistance including Board of Director service, financial literacy programs and assistance in ReStore retail shops. From the period January 1, 2022-May 30, 2023, 15 United employees served on six (6) HfH affiliate’s Board of Directors or Board Committees (Loan Review, Marketing/Communications, Finance). United has also provided donations and sponsorships of Habitat affiliate events. During the same period, United donated to or sponsored events of 12 HfH affiliates across our footprint.

In addition, United has provided critical financing needed to acquire property for new developments and complete site work including the construction of water and sewer lines and streets and sidewalks. This includes increasing affiliate cash flow through the purchase of whole loans. The purchase of the whole loans was very impactful because it permanently frees up capital for the HfH affiliate to invest in a variety of uses to advance the organization's mission to provide affordable housing opportunities to low- and moderate-income families.