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Download Edge Download ChromeStrengthening communities
Flexible financing solutions
Webster believes strongly in empowering people and strengthening communities by expanding access to capital. Webster is proud to support vibrant and diverse communities by providing loans, investments, technical assistance and financial services to individuals and small businesses in low- and moderate-income neighborhoods.
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.
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.
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 support 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.
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.
Homebuyer education credit and budget seminars
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.
Webster’s network of Community Liaison Officers (CLOs) support communities within our expanded footprint. The CLOs work in partnership with Webster’s Office of Corporate Responsibility (OCR) to provide support and financial education to low-to-moderate income (LMI) and minority borrowers. They also work to increase lending options to meet local credit needs, especially for first-time homebuyers.
Webster Bank, N.A.
Webster, Webster Bank, the Webster Bank logo and the W symbol
are trademarks of Webster Financial Corporation and
registered in the U.S. Patent and Trademark Office.
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