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August 8,2013

Standard Charitable Foundation Awards $2,500 to IHA

Cumberland, Maryland – Standard Charitable Foundation has awarded a $2,500 grant to Interfaith Housing Alliance (IHA) to help provide training for Cumberland residents through IHA’s Housing Matters Program, which provides affordable housing opportunities, financial education, and housing counseling services for the working poor, seniors on fixed incomes, and individuals or families with disadvantages and/or disabilities. IHA helps provide these individuals and families with the knowledge and resources needed to achieve economic stability and a higher quality of life.

Currently, IHA provides these affordable housing opportunities throughout Maryland and south-central Pennsylvania, and has created more than 1,100 affordable housing units, invested over $150 million in Maryland and Pennsylvania, and has received more than 30 awards of excellence for their accomplishments. ¬

“We greatly appreciate Standard Charitable Foundation’s recent contribution as we initiate the Housing Matters program in Cumberland,” said Patricia Motter, President of IHA. “IHA has been involved in the county since the 1996 opening of Washington Ridge Apartments. We are thrilled to build 25 new, beautiful lease-to-own townhomes at our Penn Avenue location that set a new standard of living for affordable housing. We look forward to offering the Housing Matters Program to the new Penn Avenue townhomes as well as to the community at large.”

Rachel Ritchey, assistant manager of Standard Bank’s Cumberland office, adds “IHA has become the one of the region’s leading non-profit in affordable housing development. They’ve reached this status because of their excellence in rental home management, ensuring responsiveness to residents needs, and through their long-term investment in the neighborhoods they serve. IHA has really done a fantastic job keeping these structures and their landscaping in immaculate condition. Having spoken with a few of the residents, you can tell they also take great pride in their homes.”

Standard Charitable Foundation’s mission is to provide financial support to not for profit organizations in the communities in which Standard Bank operates. The Standard Charitable Foundation was established in conjunction with the 2010 conversion of Standard Bank’s parent company from mutual to stock form.

Photo Caption: From left to right: Patricia Motter, President of IHA; Rebecca Broussard, asset manager of IHA; and Rachel Ritchey of Standard Bank’s Cumberland Office.

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