Community Investment

Construction
financing

We have a dedicated community development lending team that provides pre-development, construction and permanent financing to for profit and non-profit developers of both affordable workforce housing and supportive housing for seniors, veterans, homeless and disabled individuals.

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Tax-credit
investments

We provide equity by investing in Federal and State Low-income Housing Tax Credits, Federal and State Historic Tax Credits and New Markets Tax Credits for multi-family, mixed-use and mixed-income developments that help to economically revitalize neighborhoods.

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FHLBB’s Affordable Housing Program

As a Federal Home Loan Bank of Boston (FHLBB) member bank, Webster can work with housing organizations (sponsors) to apply for grants or subsidized advances to support homeownership and rental housing initiatives for low- to moderate-income households.

First-time
homebuyers

We partner with HUD-certified affordable housing counseling agencies throughout our CRA footprint and offer a variety of mortgage products for low and moderate-income individuals and families seeking to purchase an affordable home.

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Small businesses and community facilities

We provide technical assistance and capital for small businesses and community facilities, including charter schools, childcare centers and health care centers. We also provide SBA guaranteed loans to small businesses through Business Banking.

Financial literacy and homebuyer education

We offer customized financial literacy seminars in partnership with schools and non-profit organizations covering such topics as basic banking, household budget planning, understanding and repairing damaged credit and preparing for home ownership.

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