The project will be anchored by a full-service
Freedom First branch scheduled to open in early 2014, which will serve
the West End, Hurt Park, and Mountain View neighborhoods, as well as
commuters to downtown Roanoke.
“This important project will enable Freedom First
to reach into the community with the financial education and specialized
products we’ve developed to serve people of modest means,” says Credit
Union President/CEO Paul Phillips. “Establishing a Community Development
Financial Institution in the West End area of Roanoke gives people who
are currently unbanked and under-banked a real opportunity to move
toward long-term financial self-sufficiency.”
The West End project aligns with Freedom First’s
unique mission and structure, which focuses on affordable housing,
transportation, and financial education in addition to a broad range of
traditional financial services. The credit union is working closely with
nonprofit agencies, local government, and other businesses on this and
other projects that serve community and economic development goals.
“We are excited to
partner with Freedom First in this venture that will greatly expand the
opportunities available to the families we serve,” says Joy Parrish,
Executive Director of the West End Center, which owns the property and
will oversee its community activities.
The planned production
kitchen and gardens will enable the West End Center to bring fresh food
and nutrition education to the neighborhood, and the community meeting
space will accommodate educational initiatives.
"The
West End is a neighborhood that is on the rise,” says Roanoke City
Manager Chris Morrill. “With existing assets like the West End Center,
interesting housing stock, and proximity to downtown, the West End is
poised to be an even better place to live and work. It is our hope that
Freedom First's investment in the neighborhood, and services that will
be offered to residents and businesses, will be a catalyst to more rapid
improvements."
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