SACRAMENTO, Calif.,
Sep. 23, 2021 /PRNewswire-PRWeb/
-- The Kelly Foundation has announced Habitat for Humanity of
Greater Sacramento as the
recipient of its 2021 Major Gift Award. The $100,000 grant will be used to support the first
phase of construction for Cornerstone Development in South Sacramento. Cornerstone Development is a
collaboration between Habitat and Mutual Housing California and
will feature 18 single-family homes positioned as equity-building
home ownership opportunities for low-income families, along with
108 affordable rental apartment units for low-income individuals,
including some who were formerly unhoused.
"Habitat for Humanity of Greater
Sacramento is respected throughout the community for
providing families with home ownership opportunities that may be
otherwise out of reach," said Shawn Kelly
Devlin, President of the Kelly Foundation and Chairman of
the Board of River City Bank. "The Kelly Foundation is excited to
partner on this ambitious project, which will benefit dozens of
deserving people over the course of the next several years."
TWEET THIS: The Kelly Foundation, in partnership with
@RiverCityBank, has pledged $100k to
@SacHabitat to help fund the first phase of construction for the
Cornerstone community in South
Sacramento, a collaboration with @Mutual_Matters.
#corporatephilanthropy
"The Kelly Foundation Major Gift award represents a huge leap
forward for the Cornerstone Development project," said Laine Himmelmann, Chief Development Officer of
Habitat for Humanity of Greater
Sacramento. "Our team was excited to the point of tears when
we learned that the Kelly Foundation had decided to contribute
$100,000 to the project because most
home sponsorships fall within the $5,000-$10,000
range."
During the next three years, Habitat for Humanity of
Greater Sacramento plans to engage
more than six thousand volunteers in the multi-phase construction
effort. The team is looking to raise at least $300,000 for the first phase of construction for
Cornerstone Development, which includes three homes that are
projected to be move-in ready by early 2023. The Kelly Foundation
grant constitutes one-third of that amount.
The Kelly Foundation supports health and human services,
education, culture, environment and civic improvement through its
funding. For the fiscal year ending on September 30, 2022, the Foundation will provide
approximately $1.5 million in grants
to organizations that support the Sacramento and North Bay Area regions. Since
merging with the RCB Foundation in 2009, the Kelly Foundation, of
which River City Bank remains a major contributor, focuses on
giving back to the greater Sacramento region through charitable
donations.
For more information about the Kelly Foundation, please visit
KellyFoundationSacramento.org.
Cornerstone Development Details
Cornerstone Development, was just named "2021 Affordable Housing
Development of the Year" by the Sacramento Housing Alliance. It is
also the largest single development in 36 years for Habitat for
Humanity of Greater Sacramento.
Groundbreaking is scheduled for February
2022, with the first phase of construction set to begin in
June 2022. The seven-acre project
site is located near the intersection of 46th Street and Lang
Avenue and is planned to house approximately 400 people once
construction is completed. The development will be fully electric,
and each of the 18 single-family Habitat homes will include solar
panels on the roof and be EV-ready for charging electric
vehicles.
To learn more about Habitat for Humanity of Greater Sacramento, including opportunities
for volunteer participation, visit HabitatGreaterSac.org.
About the Kelly Foundation
The Kelly Broadcasting Company's KCRA-TV (Sacramento-Stockton-Modest, CA) went on the
air on Sept. 5, 1955, and the owners
of the Kelly Broadcasting Company established the Kelly Foundation
in December 1988 as a formal vehicle
for structuring charitable contributions. The Kelly family sold
KCRA-TV in 1999 and have continued the Kelly Foundation ever since.
In 2009, the River City Bank Foundation merged with the Kelly
Foundation, and some executives of the Bank currently serve on the
Foundation's Board. Jon S. Kelly
founded River City Bank and continues to support the Bank. His
daughter, Shawn Kelly Devlin,
currently serves as President and Chairman of the Board. The Kelly
Foundation is an expression of the importance the Kelly family
places on being a good neighbor and citizen in regions where they
do business. For more information on the Kelly Foundation, please
visit KellyFoundationSacramento.org or call (916) 978-4892.
About River City Bank
Named one of Sacramento Business Journal's "50 Fastest Growing
Companies" for each of the past five years, River City Bank is the
Sacramento region's premier
business bank with assets of almost $3.4
billion. River City Bank offers a comprehensive suite of
banking services, including loans, deposits and cash management
tools to the business, consumer and commercial real estate sectors.
With tailored, executive-level service, an investment grade rating
from S&P Global Ratings, and a "Superior" financial rating from
the nation's leading independent bank-rating firm, Bauer Financial,
River City Bank redefines the banking experience and every touch
point that surrounds it. River City Bank is the largest,
independent, locally-owned bank in the Sacramento region with offices in the
San Francisco Bay Area and a
presence in Southern California.
For additional information, please visit RiverCityBank.com or call
(916) 567-2600. Member FDIC. Equal Housing Lender.
Media Contact
Chad Riley, Merlot Marketing,
9162859835, chad@merlotmarketing.com
SOURCE Kelly Foundation