Tower Grove Community Development Corporation Receives $100,000 Grant from U.S. Bank Foundation
SAINT LOUIS, MO (3/8/2024) – Tower Grove Community Development Corporation (TGCDC), a nonprofit organization that promotes and improves quality of life by attracting public and private investment and provides real estate and other community services, today announced it has received a $100,000 grant from the U.S. Bank Foundation. The three-year grant supports TGCDC’s program HomeScreen Tenant Screening, which aims to provide modern, data-driven tenant screening solutions to create more equitable and stable housing in all communities.
“Creating equitable opportunities for our community requires resources, and we appreciate the support from the U.S. Bank Foundation, which helps us continue to build and expand the innovative programs we’re proud to offer,” said Sean Spencer, executive director of TGCDC.
This spring, HomeScreen will partner with U.S. Bank to provide financial education workshops to improve financial wellness, increase credit and build wealth through homeownership. HomeScreen hopes to engage with 400 of our 3,600 annual applicants to participate in the credit-building workshops. Our goal is to raise participants’ credit scores by 40 points or more and create 10 new first-time homebuyers this year.
“Safe and stable housing helps children, families, and communities thrive. Working with Tower Grove CDC to create access to affordable housing and help future homebuyers gain the financial knowledge is an investment that will benefit generations to come,” said Kristen Polchinski, community affairs manager at U.S. Bank.
U.S. Bank is committed to powering human potential and creating lasting change in communities. The bank does this through the Community Possible platform, including philanthropy, community investments, and team member volunteerism.
For more information about Tower Grove CDC’s HomeScreen program, visit www.myhomescreen.org.
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About Tower Grove Community Development Corporation
Tower Grove Community Development Corporation, (TGCDC), with approximately $6M in assets, is a nonprofit organization that currently serves the fifteen counties of the St. Louis metropolitan area while continuing support in our historic service area of Tower Grove South, Southwest Garden, and Shaw. In addition to real estate development, tenant screening, and work on energy efficiency, TGCDC participates in steering committees and advises and facilitates infrastructure improvements, advises neighborhood associations, developers, and CIDs/SBDs on best practices to address vacancy, nuisance statute lawsuits, development, and development incentives. TGCDC works with community organizations, elected officials, and local governments to assist with neighborhood stabilization and economic development. To learn more, please visit the TGCDC website at towergrovecdc.org and click on “About Us.”
Sean Spencer at Sean@towergrovecdc.org
About U.S. Bank
U.S. Bancorp, with more than 70,000 employees and $663 billion in assets as of December 31, 2023, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2023 World’s Most Ethical Companies and Fortune’s most admired superregional bank. To learn more, please visit the U.S. Bancorp website at usbank.com and click on “About Us.”