Two Harbors Investment Corp. Announces Recipient of Competitive Affordable Housing Program Grant
NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO) today announced that it had secured a $500,000 Competitive Affordable Housing Program (AHP) grant through the Federal Home Loan Bank of Des Moines (FHLB Des Moines) for Aeon, a nonprofit housing group located in Minnesota. Aeon will be using the funds to preserve affordable apartment housing in Minneapolis through its Opportunity Housing Partnership program, which serves formerly homeless individuals in a quality and permanent living environment.
“We are pleased to announce that through our sponsorship, one of our charity partners, Aeon, is a 2015 FHLB Des Moines AHP grant recipient. This grant will help Aeon provide affordable housing in Minneapolis,” said Thomas Siering, Two Harbors’ President and Chief Executive Officer. “We are thrilled that as a member of the FHLB we were able to assist in this process. We are proud of our association with Aeon and extend our warmest congratulations to them. Further, this initiative demonstrates our commitment to the community and the local housing sector.”
AHP – FHLB Des Moines
As a member of the FHLB Des Moines,
Two Harbors was eligible to support Aeon in its application for a 2015
AHP grant to make affordable housing available in Minneapolis. The AHP
is one of the largest sources of private sector grants for housing and
community development in the nation. This competitive grant program
encourages member financial institutions to partner with local housing
providers (sponsors) to secure funds for the purchase, construction or
rehabilitation of affordable owner-occupied or rental housing units.
Projects serve low-to-moderate income households, and may include
households with special needs including seniors, persons with
disabilities and the homeless. FHLB Des Moines returns 10% of its net
income annual to communities in its district through the AHP.
Aeon: Homes for Generations
Two Harbors is a proud supporter
of Aeon, a nonprofit developer, owner and manager of high-quality
affordable apartment homes that serve more than 4,000 people annually in
the Minneapolis/St. Paul area. Aeon’s mission to create and sustain
quality affordable homes that strengthen lives and communities is
realized not only by physically transforming vacant areas into safe,
decent places to live, but also by establishing lasting resources,
programs and connections for the residents within them. Aeon has nearly
30 years of experience owning and managing affordable apartments.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a
Maryland corporation, is a real estate investment trust that invests in
residential mortgage-backed securities, residential mortgage loans,
mortgage servicing rights, commercial real estate and other financial
assets. Two Harbors is headquartered in New York, New York, and is
externally managed and advised by PRCM Advisers LLC, a wholly owned
subsidiary of Pine River Capital Management L.P. Additional information
is available at www.twoharborsinvestment.com.
Additional Information
Stockholders of Two Harbors and other
interested persons may find additional information regarding the company
at the Securities and Exchange Commission’s Internet site at www.sec.gov
or by directing requests to: Two Harbors Investment Corp., 590 Madison
Avenue, 36th floor, New York, NY 10022, telephone
612-629-2500.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151118006671/en/
Two Harbors Investment Corp.
Investors:
July
Hugen, 612-629-2514
Investor Relations
july.hugen@twoharborsinvestment.com
Source: Two Harbors Investment Corp.
Released November 18, 2015
