The Knoxville Area Urban League has been awarded a grant to support  housing stability programs by Bank of America.

The $10,000 grant will support the Knoxville Area Urban League’s housing programs that educate families on the processes of purchasing a home and provides counseling to help clients keep their homes.

“Bank of America continues to be a valued partner, supporting much-needed housing programs offered by our organization,” said Phyllis Y. Nichols, president and CEO of the Knoxville Area Urban League. “We sincerely appreciate Bank of America’s investment that will support housing stability programs to help Knoxville residents both find and remain in their homes.”

Lina Kornmeyer, market executive for Bank of America Knoxville, said, “The Knoxville Area Urban League has been empowering our local community for decades. Bank of America is proud to support such a wonderful organization with this grant, and through our continued partnership, strengthen the neighborhoods in which we live, work and serve. Thank you, Knoxville Area Urban League for your steadfast commitment to housing stability in Knoxville.”

For 50 years, the Knoxville Area Urban League has been certified as a U.S. Department of Housing and Urban Development (HUD) housing counseling agency. Housing stability resources offered by the organization include courses to improve financial literacy and family equity; preparation for first-time homebuyers to make the most of the housing market; and foreclosure counseling to help clients keep their homes. Additional long-term financial planning mentoring also is available.

“Every family should have access to the financial security that comes from owning a home,” Nichols said. “With support from great organizations like Bank of America, we will continue to deliver on our vision of promoting economic equity.”

To learn more about the Knoxville Area Urban League’s housing stability resources, visit www.thekaul.org.

About the Knoxville Area Urban League

Since 1968, the Knoxville Area Urban League has assisted disadvantaged people attain social and economic stability and self-sufficiency through direct services and advocacy. The League works to provide a skilled and diverse workforce; to increase homeownership; to support economic and small business development, and to enhance education efforts for our youth. The Knoxville Area Urban League is a United Way partner agency and affiliate of the National Urban League. The League’s work and results are evident in the lives of the over 11,000 people it impacts each year. For more information, call 865-524-5511 or visit www.thekaul.org.

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