U.S. Bank and Mercy Housing to Host Back-to-School Kick Off Events across
Bank Will Give 70 Denver Children a Head Start on the School Year with New
Backpacks Filled with Supplies
DENVER -- July 26, 2013
U.S. Bank and Denver-based Mercy Housing today kicked off a partnership to
provide free school supplies and ongoing financial education to families and
individuals living at Mercy Housing properties in Denver and three other
cities this summer.
The national program, modeled after partnership between U.S. Bank and Mercy
Housing Lakefront in Chicago, begins with an event on Saturday, July 27 at
Mercy’s Bluff Lake Apartments in Denver. U.S. Bank employees will give away
backpacks and school supplies to 70 students at the apartment complex. Bank
employees will then return to the property in the fall to offer residents a
series of financial education seminars for all ages. U.S. Bank and Mercy
Housing will host similar events in upcoming weeks at Mercy Housing properties
in Boise, Chicago and Seattle.
U.S. Bank has a long history of helping Mercy support communities by providing
program-enriched affordable housing for those in need. Over the past decade,
U.S. Bank has committed more than $275 million to Mercy in the form of loans
and tax credit equity. The bank has also provided more than $600,000 in grants
and corporate contributions. In addition, bank employees across the country
have served as board members for Mercy. U.S. Bank was also the first bank
investor in the Mercy Loan Fund, launched in 2005 to provide access to capital
for nonprofits to bring affordable housing to communities.
“Whether we’re funding new developments and programs or volunteering as board
members, we have a long history of supporting Mercy Housing,” said Hassan
Salem, Denver market president for U.S. Bank. “We’re thrilled to now be able
to give back to Denver families during an exciting, but often expensive time
In 2011, U.S. Bank provided a $22 million financing package, which included a
$10 million construction loan, $2 million first mortgage and more than $10
million in a tax credit equity investment, to pave the way for Mercy to
develop the 92-unit Bluff Lake Apartments.
“As one of the nation’s largest affordable housing providers, we at Mercy
Housing understand the impact that financial literacy and other educational
programs can have on the lives of our residents,” said Carol Breslau, Vice
President of National Resident Services & Community Impact.“The program
component of what we do has always been what differentiates us from other
housing providers and U.S. Bank has been a long-time, committed partner in
providing these essential services to our residents.”
“Back-to-School” kick-off event details:
*Bluff Lake Apartments
*10425 East 31^st Ave. in Denver
*10 a.m. – Noon
*Saturday, July 27, 2013
*Media are welcome to attend
About Mercy Housing
Mercy Housing is one of the nation's largest nonprofit affordable housing
organizations. We build new developments and acquire and rehabilitate existing
housing. We are redefining affordable housing by creating a stable foundation
where our residents can explore their potential, supported by practical
resident programs such as health classes, financial education, employment
initiatives, parenting and after-school programs for children. Visit Mercy
Housing online at https://www.mercyhousing.org/.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2013, is
the parent company of U.S. Bank, the 5th largest commercial bank in the United
States. Celebrating its 150th anniversary this year, the company operates
3,087 banking offices in 25 states and 5,032 ATMs and provides a comprehensive
line of banking, brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit U.S.
Bancorp on the web at www.usbank.com.
U.S. Bank Public Relations
Nicole Garrison-Sprenger, 612-303-0731
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