The following is a press release from KeyBank Corp.
KeyBank announced a three-year investment of $300,000 to support the expansion of Neighborhood House’s Student and Family Stability Initiative (SFSI) from Highline to the neighboring Tukwila School District.
The Tukwila School District is facing a stark picture of children and families experiencing homelessness — more than 300 children in the district have been classified as homeless, with numbers increasing each year.
The SFSI model follows the “Housing First” principle, which provides for permanent housing without prerequisites or conditions, securing housing for families in just 60 days.
“Our funding priorities at KeyBank make up four pillars: neighbors, workforce, education and service, and we know that safe and stable housing is crucial to each one of these,” said Carol Nelson, Regional Sales Executive and Seattle Market President for KeyBank.“Philanthropy is part of KeyBank’s DNA, and we are dedicated to building stronger communities and improving the lives of the people we call neighbors in the places we call home.”
According to Nelson, KeyBank was particularly drawn to the program based on Neighborhood House’s prior impressive success in helping homeless families find housing and achieve long-term economic stability in the Highline School District. Neighborhood House’ data-driven approach allows the bank to track the impact of its investment.
“We have been looking for strategic partners that can produce transformational change, and we know Neighborhood House is one of those partners,” Nelson said.