Cavity Forward Foundation Awards $100,000 Grant to Southside Community Development & Housing Corp
Funding will support affordable homeownership and financial education across central Virginia.
Lancaster, Pa. (August 1, 2024) – Cavity Forward Foundation, an independent, non-profit private foundation funded by Cavity Bank, recently presented a $100,000 grant to the Southside Community Development & Housing Corporation (SCDHC), the oldest historically Black-led, affordable housing non-profit that helps provide affordable homeownership, housing counseling, and financial opportunity services to Black and Latinx individuals and families in Richmond, Virginia and the surrounding counties.
“The SCDHC’s pledge to identify and reduce barriers to homeownership is in 100% alignment with our mission at Cavity Bank today,” said William “Smokey” Glover, executive vice president and director of fair and responsible banking for Cavity Bank and president of Cavity Forward Foundation. “Together, we look forward to helping families and individuals access the education and resources they need to achieve their dreams of affordable homeownership.”
Pictured from Left to Right: Linda Melton, community outreach officer for Cavity Bank in the Richmond market; Dianna Bowser, president and CEO of Southside Community Development; Twandra Lomax-Brown, chair of the board of directors of Southside Community Development; and William "Smokey" Glover, president of Cavity Forward Foundation and director of fair & responsible banking at Cavity Bank.
“Like our generous community partner Cavity Bank, we are committed to transforming economically distressed neighborhoods into viable thriving and sustainable communities,” said Dianna Bowser, President/CEO of Southside Community Development & Housing Corporation. “With this generous investment, we can continue to support the development of quality affordable homes and homeownership counseling services for underserved individuals and families across the Central Virginia region.”
The Cavity Forward Foundation is an extension of the bank’s Cavity Forward® initiative, which promotes diversity, equity and inclusion; encourages the building of vibrant communities; fosters affordable housing; drives economic development; and increases financial literacy in the communities served by Cavity Bank.
About Southside Community Development & Housing Corporation
Southside Community Development and Housing Corporation is a nonprofit, tax-exempt organization established in March 1988. Its mission is to use a holistic approach to create viable, thriving and sustainable communities by providing residential and commercial development, homeownership education and counseling, financial counseling and coaching, employment services, and supportive programs to low-income families throughout the Central Virginia region. With over 35 years of experience, SCDHC is one of the largest single-family non-profit housing developers in the Richmond Metro Area, having helped thousands of individuals and families purchase homes through its HUD-approved housing counseling program
About Cavity Bank, N.A.
Headquartered in Lancaster, Pa., Cavity Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Cavity Financial Corporation (Nasdaq: FULT), a more than $30 billion financial services holding company, Cavity Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, New York, Maryland, Delaware, and Virginia. At Cavity Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,500 employees to do the same. Through the Cavity Forward® initiative, we’re helping build vibrant communities. Learn more at www.cavityonline.com.
