Following the adoption by Savings & Community Bankers of America of a Statement of Principles on Housing Opportunities, in 1993, member savings institutions have undertaken a broad range of initiatives to carry out this commitment. Many of these initiatives are unique to SCBA, while several include other sectors of the financial community, such as community-based organizations and various levels of government. While some of these initiatives are recent and novel, many are logical extensions of this industry's long record of involvement in and support of housing and community development and its sensitivity to the financial needs of people and communities.
From the elderly to urban youth corps members to the mentally and physically disabled to people living with AIDS, these groups and many others are benefitting today from programs that SCBA members spearhead. Working with state housing finance agencies, nonprofit organizations, community advocacy groups, and consortia of other lenders, SCBA members are making these dream projects a reality.