Bringing Top Talent To Our Ohio Tem
In March of 2022, we had the privilege of welcoming Reggie Thomas as our Regional CRA officer in Ohio. An icon in the community development space, Reggie has spent more than two decades directing community development for a national financial institution.
By joining First Commonwealth, Reggie is positioned to more nimbly execute and deliver on our community development strategy by working with developers, nonprofits, community organizations, real estate professionals and the faith community to leverage critical, impactful resources.
Since March, Reggie has brought significant relationships to the bank that not only improve First Commonwealth’s position as a leader in community development, but truly move the needle forward for underserved and communities of color in Ohio.
Creating Opportunities For Home
Imagine not having a place to call home. Not knowing where you will sleep. A number of young adults, age 18-24, find themselves without safe housing, and are dependent on community resources.
Thanks to the efforts of the Delaware County United Way’s “Youth Transitional Living Program,” up to 40 young adults a year will now have a place they can call home. A place of hope, reassurance, a doorway to their future.
To do this, the United Way made a $469,000 purchase of the ‘Tree House’ in the heart of the city of Delaware, Ohio and turned to First Commonwealth Bank to secure the financing necessary to purchase the residence.
We’re proud to support the Youth Transitional Living Program financially, as well as, providing the program’s residents with financial literacy to help them increase their financial confidence as they go forward in life.
Investing In Whitehall
Over recent decades, the city of Whitehall, Ohio has experienced the same struggles as other suburbs of major Midwest cities – an aging population, stressed infrastructure and need for affordable housing.
Tapping into Whitehall’s unique combination of community spirit, pride and diversity, its city leaders and community stakeholders have developed a long-term plan to revitalize the suburb of Columbus.
First Commonwealth is a strong believer in their plans and in Whitehall’s future. We have been a part of the Whitehall community since the early 1980s. When it came time to make decisions regarding our aging facility, we elected to stay in the city and made a $1.6 million commitment to relocate our branch office.
In June 2022, we opened our new 2,300 square-foot office at the corner of Hamilton Road and Broad Street – right in the heart of Whitehall. The new office allows us to better serve the area residents by creating access to banking, building their financial confidence and setting them up for future financial security.
The future of Whitehall is bright and we are proud to be a part of it.
The Housing Action Fund In Central Ohio
We’re proud to invest in the Housing Action Fund with the Affordable Housing Trust of Columbus and Franklin County. In 2017, the Affordable Housing Alliance of Central Ohio created The Housing Action Fund (HAF), which enables financial institutions, corporations, foundations, and other investors to provide flexible sources of funds that will expand the resources available for investment in affordable housing development in Franklin County.
The HAF provides a flexible source of funds that will expand the resources available for investment in affordable housing development in Franklin County and is operated by The Affordable Housing Trust for Columbus and Franklin County (AHT). The Fund provides below-market loans to developers who commit to the Fund’s affordability criteria that will increase and preserve the number of affordable rental homes in Franklin County.