State Farm Foundation Gives $10,000 to HOPE of Evansville

HOPE of Evansville is pleased to announce the receipt of a generous $10,000
grant from the State Farm Foundation. This significant contribution will
support HOPE's Neighborhood Revitalization initiative, specifically through the
enhancement of Housing Counseling Services, aimed at fostering stronger, more
vibrant communities.

For many years, the State Farm Foundation has been a steadfast supporter of
HOPE of Evansville, providing both financial assistance and volunteer services.
This long-standing partnership has been instrumental in empowering residents
through various housing programs and community revitalization efforts.

Josh Calhoun, Executive Director of HOPE of Evansville, expressed his
heartfelt gratitude for the continued support from the State Farm Foundation.
"We are incredibly thankful for the State Farm Foundation's unwavering
commitment to our mission. Their support over the years has enabled us to make
a tangible difference in the lives of many families. This latest grant will
further our efforts in neighborhood revitalization and help us provide crucial
housing counseling services to those in need."

HOPE provides up to $15,000 in down payment assistance to first time
homebuyers who qualify and receive housing counseling services. This program is
helps low-moderate income homebuyers be competitive in the current housing
market. The funds received from this grant will directly support HOPE’s housing
counseling services and housing development initiatives in the city of
Evansville.

“All of our clients receiving down payment assistance are under 80% of the
Area Median Income, which is just over $66,000 for a family of four, and most
are first-generation homebuyers,” said Calhoun. “The pre-purchase program
offered through HOPE is able to completely shift a family’s financial future,
that’s why these programs are so critical to our community, especially now.”

The $10,000 grant will be utilized to expand HOPE's Housing Counseling
Services, offering personalized guidance and support to residents as they
navigate the complexities of homeownership, foreclosure prevention, and
financial stability. These services are a cornerstone of HOPE's mission to
build sustainable communities where everyone has the opportunity to thrive.

Last year, HOPE provided over $146,000 in Down Payment Assistance enabling $3.4
Million in home purchases within the city of Evansville; successfully prevented
foreclosure for 2,230 households throughout the state of Indiana; secured 1.5
Million from the Affordable Housing Trust Fund for low-income seniors; and began
rehabilitation on three buildings in the Jacobsville Neighborhood.

State Farm Foundation's continued investment in HOPE of Evansville
underscores its dedication to community development and support for local
initiatives that drive positive change. By working together, both organizations
are paving the way for a brighter future for Evansville's neighborhoods.

For more information about HOPE of Evansville and their Neighborhood
Revitalization initiative, please visit hopeofevansville.org