More Than 300 Permanent Supportive Apartments
Being Constructed for Adults Experiencing Homelessness
WESTERLY, R.I., Oct. 18,
2023 /PRNewswire/ -- The Washington Trust Company
("Washington Trust") today announced a commitment totaling
$50,000 to support Crossroads
Rhode Island's Roads to Home
Capital Campaign. The donation, which will be paid over five years,
will help Crossroads develop more than 300 affordable permanent
supportive housing (PSH) apartments in Providence.
"Through their leadership, expertise, and experience, Crossroads
plays a critical role in addressing homelessness in Rhode Island," says Rolando Lora, Executive Vice President, Chief
Retail Lending Officer and Director of Community Lending. "We are
proud to support their bold Roads to Home housing vision and
honored to work alongside them via the Federal Home Loan Bank
program to bring some of these housing investments to
fruition."
"We know affordable housing opportunities, coupled with programs
to support mental health, physical health, and workforce
development, is the solution to ending homelessness," says
Karen Santilli, CEO of Crossroads Rhode Island. "Our Roads to
Home Capital Campaign outlines a vision that brings equity, access,
and opportunity to our clients, and we are grateful to enthusiastic
partners like Washington Trust for their support."
Crossroads capital campaign has three interconnected
priorities:
- 160 Broad Street Reimagined: renovation of 84
one-bedroom PSH apartments for adults with high needs, as well as
repairs and upgrades to the existing Women's Shelter and Community
Room;
- 371 Pine Street: development of a first-of-its-kind in
Rhode Island health and housing
facility reserved for medically vulnerable adults experiencing
homelessness that will provide 36 new PSH apartments;
- 94 Summer Street:
development of 176 new and affordable one-bedroom PSH apartments to
support individuals experiencing long-term homelessness.
Crossroads is still soliciting support to help them reach their
$15 million campaign Goal. To be a
part of their vision of a Rhode
Island where everyone has a place to call home, contact
Beth DeGerlia at 401-277-4330 or
roadstohome@crossroadsri.org.
ABOUT WASHINGTON
TRUST®
Founded in 1800, Washington Trust is recognized as the
oldest community bank in the nation, the largest state-chartered
bank headquartered in Rhode Island
and one of the Northeast's premier financial services companies.
Washington Trust values its role as a community bank and is
committed to helping the people, businesses, and organizations of
New England improve their financial lives. The Bank offers a wide
range of commercial banking, mortgage
banking, personal banking and wealth
management services through its offices in Rhode Island, Connecticut and Massachusetts and a full
suite of convenient digital tools. Washington Trust is a member of
the FDIC and an equal housing lender. Washington Trust is a
subsidiary of Washington Trust Bancorp, Inc., a publicly-owned
holding company which trades on NASDAQ: WASH. For more
information, visit the Bank's website
at www.washtrust.com or the Corporation's website
at ir.washtrust.com.
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SOURCE The Washington Trust Company