Springs Valley Bank Investing In Apartment Developments For Seniors; Those With Special Needs

Pictured left to right: Fred Hash, VP Business Development, Cinnaire; Dianna Land, SVP of Marketing and HR, Springs Valley; Darrell Blocker, SEVP & CFO, Springs Valley; and Robert Beck, VP Business Development and Legal Affairs, Cinnaire.

Pictured left to right: Fred Hash, VP Business Development, Cinnaire; Dianna Land, SVP of Marketing and HR, Springs Valley; Darrell Blocker, SEVP & CFO, Springs Valley; and Robert Beck, VP Business Development and Legal Affairs, Cinnaire.

Jasper (Local Sources) – Springs Valley Bank & Trust Company recently invested in a Fund with Cinnaire and the IBA Service Corporation.

Cinnaire is a Community Development Financial Institution (CDFI) that offers equity and loan packages. Springs Valley was presented a photo collage commemorating residents of communities assisted by this Cinnaire Fund some of which are located in southern Indiana.

This Fund will now support six new apartment developments in the stateĀ for a total of 475 safe, quality, and affordable housing units for lower income residents.

These units will serve families, special needs residents, as well as seniors. Springs Valley is excited for the opportunity to continue serving our Indiana communities!

 

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