The Banks Foundation
Proceeds from the 2020 donations will support the residents of McDougald Terrace and The Banks Foundation. Donate
, a tax-exempt 501(c)(3) organization, was formed in November 2000 for the purpose of assisting families who are moving from public housing to private home ownership. For the past ten years, the Foundation has provided down payment assistance to families who have qualified to purchase their first homes. The recipients of the Foundation’s generosity are persons who have received public housing or Section 8 assistance, who have entered into a Family Self Sufficiency contract or other similar agreement for the purpose of becoming a homeowner, and who have completed the requirements for doing so. The Foundation will not assist persons whose income is greater than 80% of the area median income.
With your help, we can continue to assist families who have demonstrated their desire and ability to become homeowners. Please join us, rain or shine, for this uplifting event!
The Banks Foundation will also sponsor a Housing Leadership Conference on June 18, 2020 at the Sheraton Imperial Hotel to focus the community’s energy on education and planning to make housing in the Triangle more affordable, accessible and just.