Building New Homes

Building New Homes

In the photo from left to right: Sam Bitar - Executive Director of the Webster Five Foundation and Business Analyst, Webster Five; Tim Firment - Executive Director, Habitat for Humanity MetroWest /Greater Worcester; and Don Doyle - President/CEO, Webster Five

The Webster Five Foundation announced that as part of its Web of Caring to Make a Difference program, it will donate $2,500 to Habitat for Humanity MetroWest/Greater Worcester. Habitat for Humanity’s mission is to build homes, community, and hope. The organization helps hardworking families by providing a “hand up, not a hand out. To continue to meet the needs of these members of the community, Habitat for Humanity MW/GW is increasing the number of homes being built this year to six, which requires additional funding.

Webster Five’s Web of Caring to Make a Difference program reinforces the bank’s long-standing initiative to give back to the community by supporting local organizations that are making a difference. Over the last 30 years, Habitat for Humanity MW/GW has substantially improved the lives of over 150 adults and children in the community by building 38 affordable homes and selling them to the pre-qualified families. The families that the houses are built for have demonstrated their need and willingness to partner with the organization and the ability to pay the mortgage.

The “hand up, not a hand out” policy is reinforced by the steps Habitat for Humanity requires families to participate in when they move into their home. They attend the organization’s homeownership classes, budgeting classes, and contribute 400-500 hours of sweat equity, which is an increased value in a property earned from labor toward upkeep or restoration. Each family is paired with a Habitat Family Partner who serves as a mentor to ensure their continued success as homeowners. While all homeowners pay a mortgage, they are provided a 0% mortgage rate. This policy and its approach helps develop a sense of pride and dignity that drives a desire for continued success and development in their home lives.

Donald F. Doyle, president and chief executive officer of Webster Five, stated, “Habitat for Humanity, MetroWest/Greater Worcester provides an incredible opportunity for families in our community. They are not just building homes for these families. They are building hope for a successful future and providing the resources needed to achieve one.”

Tim Firment, Executive Director of Habitat for Humanity MW/GW said “Thank you, Webster Five, for your continued support. Your generosity has helped us build a thriving and vibrant community that we are proud to help and be a part of.”

About Web of Caring to Make a Difference

Web of Caring to Make a Difference is a bank-wide community program created by Webster Five as a tangible means for the bank as an organization and its employees as individuals to make a positive impact by supporting local organizations that also are making a difference. Through the Webster Five Foundation, the program has donated more than $2 million dollars to various local nonprofit organizations for programs that support expanding and improving access to education, culture and the arts, social services, charitable activities and community development. Requests for funding through the Webster Five Foundation are reviewed by the board of directors and are awarded to established 501(c)(3) organizations in the above sectors that qualify.
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