Synchrony Financial Invests to End Family Homelessness Locally
Grant of $200,000 will keep families in their homes
February 16, 2017
The Synchrony Financial Families That Work program has made a generous grant of $200,000 to the Connecticut Coalition to End Homelessness’s be homeful project to prevent the homelessness of families in Fairfield County.
Stamford-based Synchrony Financial’s commitment is expected to prevent approximately 100 families in Fairfield County from becoming homeless this year, a figure which represents approximately half of the families that enter the shelter system each year in Fairfield County. The grant will include critically-needed emergency assistance funds that frontline workers in the region can access to help families seeking shelter stay in their homes.
“Synchrony Financial is proud to be partnering with the Connecticut Coalition to End Homelessness to make it possible for families to stay in their homes and possibly prevent a cycle of homelessness.” said Synchrony Financial CEO Margaret Keane. “This program aligns perfectly with Synchrony’s spirit of caring and with our company’s commitment to support today’s working families and their kids.”
“It is remarkable but true that the majority of families can avoid the trauma of homelessness for an average of $1,000 per family,” explains Lisa Tepper Bates, Executive Director of the Connecticut Coalition to End Homelessness. “As our frontline workers will attest, this funding will be a game-changer for our work to end homelessness for families in Fairfield County.”
Synchrony will also be teaming up with the Coalition to raise awareness about how homelessness affects local families and to encourage communities throughout Connecticut to donate or hold drives to help families remain in their homes through the be homeful project. To learn more about how your community or business can get involved, visit behomeful.org or contact Madeline Ravich at firstname.lastname@example.org.