ROCKFORD, ILLINOIS – March 14, 2019 – HomeStart and Midland States Bank announced today a partnership to provide sustainable homeownership solutions. This partnership includes a $225,000 down payment assistance program.
This $225,000 grant will support a down payment assistance program over the next three years. The grant will be available for low- to moderate-income households, or for households moving into low-income census tracks, making this opportunity uniquely positioned to bring sustaining funds to community development efforts in the Rockford region. Midland previously supported HomeStart in 2018 with a $15,000 grant.
“We are excited to see this investment in homeownership,” says Executive Director, Sarah Brinkmann. “Midland has demonstrated commitment in the region, and this program will further incentivize homeownership possibilities in our area.”
“Midland States Bank is proud to provide this grant to HomeStart,” said Don Banks, Regional Market President for Midland States Bank. “Through the down payment assistance grant we will be able to collaborate in helping to create sustainable homeownership for the community.”
The funding will be available through HomeStart to applicants who meet the qualifications and complete the homebuyer counseling and education program. Anyone interested in this opportunity should contact HomeStart at 815-962-2011 (Rockford) or 815-232-6197 (Freeport).
HomeStart creates choice in housing, community in neighborhoods, and financially empowered clients throughout Northern Illinois. Serving ten counties, HomeStart works in partnership with residents, local elected officials, and business leaders to strengthen communities with the region with the full range of homeownership counseling and education, financial empowerment services, down payment assistance, and homeowner rehab programs. HomeStart is a HUD-approved housing counseling organization, and a chartered-member of the NeighborWorks Network, a nation-wide network of 240 trained and certified community development organizations at work in nearly 3,000 communities across America. Visit at www.nwhomestart.org
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of December 31, 2018, the Company had total assets of approximately $5.64 billion and its Wealth Management Group had assets under administration of approximately $2.95 billion. Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. In addition, multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiary. For additional information, visit www.midlandsb.com or follow Midland on LinkedIn at https://www.linkedin.com/company/midland-states-bank.