North Shore Bank
Press Release

Milwaukee Area Nonprofits Receive $50,000 in Federal Grants Through North Shore Bank and Federal Home Loan Bank of Chicago Partnership

 

By - Dec 16th, 2020 02:01 pm

BROOKFIELD, Wis. – North Shore Bank today announced that Milwaukee-area nonprofit, ACTS Housing was selected to be the beneficiary of the Federal Home Loan Bank (FHLB) of Chicago Community First Capacity-Building Grant Program and will now receive a grant for $50,000. Additionally, North Shore Bank and FHLB awarded Milwaukee County Service Corps (MCSC) and Milwaukee Urban League each with $5,000 grants as part of the FHLB of Chicago Targeted Impact Fund.

North Shore Bank submitted an application on behalf of ACTS Housing for the FHLB of Chicago Community First Capacity-Building Grant Program, which helps strengthen a nonprofit community development lender to support the affordable housing and/or economic development programs the organization provides to the local communities in which they, and the member financial institution, serve. ACTS Housing provides home buyer and financial counseling, real estate brokerage, rehab expertise, and affordable loans to families with barriers living in Milwaukee and Beloit. ACTS Housing will use the $50,000 to improve information technology and systems to create an automated virtual orientation process for families, which will increase the organization’s ability to service more families in a meaningful way and furthering their mission in providing empowerment through home ownership.

The FHLB of Chicago Targeted Impact Fund provided North Shore Bank with grants to support relief efforts for populations hardest-hit by COVID-19 as well as to promote equity and opportunity for communities of color. North Shore Bank chose MCSC, an organization focused on improving the economic self-sufficiency of disadvantaged youth, and Milwaukee Urban League, an organization focused on helping people of color achieve civil rights and social and economic equality, as the grant recipients. MCSC and Milwaukee Urban League will use their grants to further their mission.

“As a community bank, our mission is to support those that are uplifting, educating and improving their own communities and ACTS Housing, MCSC and Milwaukee Urban League are doing just that. We know that by providing them these grants, they will be able to support even more families and individuals in the Milwaukee community,” said Kristen Gagliano, vice president of compliance at North Shore Bank. Gagliano also serves on ACTS Housing Board of Directors since 2016.

In addition to these funds, North Shore Bank plans to sponsor future FHLB grants and is continuously looking for ways to support community partners.

North Shore Bank, headquartered in Brookfield, has assets of over $2.5 billion and 46 offices throughout eastern Wisconsin and northern Illinois. Wisconsin locations are in metro Milwaukee, Ozaukee County, Racine, Kenosha, Appleton, Menasha, Green Bay and surrounding areas, Burlington, Union Grove, Muskego, and Door County. Locate a North Shore Bank office. You can also connect with the bank on LinkedIn, Facebook, Twitter, Pinterest, and Instagram.

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