Webster believes strongly in empowering people and strengthening communities by expanding access to capital.
Flexible financing solutions
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.
Organizations we support
- Community Development Finance Institutions (CDFIs) that finance affordable housing, community facilities and small businesses.
- Community Development Corporations (CDCs) that focus on revitalizing the areas in which they are located; typically, underserved neighborhoods that have experienced disinvestment.
- Community Housing Development Organizations (CHDOs) and other developers of affordable housing that build or renovate 1-4 family homeownership and multi-family affordable housing.
- SBICs and SBA-certified development corporations that can help grow small businesses, especially Minority- and Women-owned Business Enterprises.
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.
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.
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.
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.
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.
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.
Meet our Community Liaison Officers
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.
Kadie Ortiz – Bridgeport, CT
Claudia Riley – Hartford, CT
Robert Jaekle – Waterbury, CT
Yangchen Chadotsang - New York, NY
Donna Thompson – White Plains, NY