$30,000 will assist recently unemployed, first-time homebuyers and homeowners at risk of foreclosure
MIAMI LAKES, Fla. – BankUnited, N.A., has announced a grant of $30,000 to Consolidated Credit to assist the HUD approved nonprofit agency in providing financial education to the recently unemployed, first-time homebuyers and homeowners at risk of foreclosure in Florida.
“The American dream of home ownership is still a primary avenue for people to plan for their financial security and through this partnership with Consolidated Credit, BankUnited will play a key role in assisting individuals as they work toward attaining their financial goals,” said BankUnited Chairman, President and CEO John Kanas.
This grant will underwrite seminars for first-time homebuyers with the goal that seminar participants will become eligible for a number of BankUnited’s competitive mortgage programs including CHAMP (Community Housing Assistance Mortgage Program) and FHA (Federal Housing Administration). Approximately 100 families currently at risk of foreclosure will also be enrolled in foreclosure prevention counseling seminars and support.
In addition, BankUnited will fund financial literacy efforts as well as financial counseling to the recently unemployed.
The South Florida based Consolidated Credit Housing Counseling Department promotes sustainable affordable housing and also provides financial educational counseling to individuals, including low- to moderate-income individuals, to ensure consumers have the tools necessary to achieve financial stability.
With a mission to assist families in ending financial crisis and solving money management problems through education and professional counseling, Consolidated Credit has helped more than 5 million people find freedom from debt. Consolidated Credit is committed to bringing financial education programs to individuals and families through partnerships with corporations such as BankUnited, municipalities and nonprofit organizations.
About BankUnited, N.A.
BankUnited, N.A., a national bank and wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), is headquartered in Miami Lakes, Florida with $11.7 billion of assets, more than 1,360 professionals and 98 branches in 15 Florida counties as of December 31, 2012. Ranked 10th on Forbes Magazine”s list of “Best Banks in America 2012,” and one of the largest independent depository institutions headquartered in Florida by assets, BankUnited provides a wide range of commercial and consumer banking services. The company recently opened a branch in Melville, NY and has immediate plans to open three branches in New York City. For additional information, call (877)779-2265 or visit www.BankUnited.com