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OritaniBank Charitable Foundation Presents $48,000 Matching Grant to Habitat for Humanity of Bergen County

Posted on 5/13/2010 by

Township of Washington, NJ – May 13, 2010 – The OritaniBank Charitable Foundation recently presented a $48,000 matching grant to Habitat for Humanity of Bergen County, for funds received by them from July through December 2009 bringing the total amount raised to $96,000. These funds will help finance the current construction of housing units for hard-working, low-to-moderate income families in Waldwick and Garfield as well as a new project in Oradell.

The Waldwick project is converting a single family home into four affordable townhomes. The Zoe’s Place project in Garfield is a project to provide a safe home environment, support services, and opportunities to develop the skills necessary for independence and self-sufficiency for up to five teen mothers and their babies. The new project in Oradell will provide additional critically needed affordable housing opportunities to other hard-working, low-to-moderate income families in Bergen County.

“The volunteers of Habitat for Humanity of Bergen County and their donors should be commended for once again rising to the challenge and matching our grant,” said Kevin J. Lynch, President of the OritaniBank Charitable Foundation and Chairman, President and CEO of Oritani Bank. “There has recently been an increase in demand for their services, and we are pleased to be able to contribute to their efforts to provide decent, affordable housing to members of our community.”

The OritaniBank Charitable Foundation initially proposed the matching grant last summer. Due to the efforts of their fundraising team and the generosity of donors, Habitat for Humanity of Bergen County was able to collect enough funds to match the grant by the end of the year. Habitat for Humanity has been promoting home ownership for families in need of adequate housing in Bergen County since 1994. Through volunteer labor and donated materials and funds, they build and rehabilitate homes and sell them to the participating families at no profit and with no interest loans.

Since its inception, the OritaniBank Charitable Foundation has been a strong supporter of Habitat for Humanity of Bergen County. Annually they support Habitat through their Builder of the Year Dinners and other events. This is the third year that they have awarded a matching grant to the organization.

The OritaniBank Charitable Foundation was established in 2007 to assist not-for-profit organizations that help to improve the quality of life for residents in Bergen, Hudson, and Passaic counties. Since its inception, the Foundation has donated $1.25 million dollars to local charitable organizations, primarily in support of education, health & human services, youth programs, and affordable housing.

The mission of Habitat for Humanity of Bergen County is to provide decent, affordable homes for hardworkingBergen County families. Using volunteer labor and donated funds and materials, Habitat builds or rehabilitates simple, decent homes and sells them to low income families at cost but with no interest charged. Habitat is a people-to-people partnership, which join individuals together regardless of race, nationality, religion or socioeconomic status.

Oritani Bank is a 99-year old community bank with over $2 billion in assets, based in the Township of Washington, New Jersey. Oritani Bank is a publicly held Mutual Holding Company trading on the NASDAQ with the trading symbol “ORIT.” Oritani Bank has 22 branches throughout Bergen, Hudson and Passaic Counties, and offers a full line of deposit and loan services to both retail and commercial customers. For more information, call 888-ORITANI, or visit their website, http://www.oritani.com/.

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