COMMUNITY REINVESTMENT
Gibraltar Private Bank & Trust is committed to supporting the communities we call home and helping our neighbors become homeowners.
Gibraltar Private received an “Outstanding” Community Reinvestment rating from our regulators late last year. We are proud of our partnerships with local cities, counties, and housing authorities as we help low- and moderate-income homebuyers realize the dream of homeownership.
Gibraltar Private uses the income criteria set by the Office of Housing and Urban Development (HUD) and the Miami-Dade Housing Agency Affordable Housing Program Guidelines to qualify low- and moderate-income first time homebuyers.
- Affordable housing mortgage programs for low- and moderate-income families
- Affordable monthly payments
- Down payment and closing cost assistance
- Financing up to 99% loan to value with government subsidy
- Fixed rate mortgage programs
- Local underwriting
- Low interest rates
- Prompt loan decisions
- First time homebuyers classes
Gibraltar Private’s joint partnership with local Community Development Corporations (CDCS) provides:
- Services to promote economic development in our areas
- Loans through the Community Reinvestment Group
- Direct Subsidy for Affordable Housing Projects grants from the Federal
Home Loan Bank of Atlanta
- Additional financial assistance through the First Time Homebuyers Program
- Closing costs and down payment assistance through Federal Home Loan Bank
- Technical assistance on financial matters to non-profit organizations
- Seminars on preparing for homeownership
Gibraltar Private’s Community Involvement and Memberships:
- Board Member of Little Haiti Housing Association
- Managing Partner of the CRG, LLC (Community Reinvestment Group Consortium)
- Board Member of HOPE, Inc. (Housing Opportunities for Excellence)
- Member of the Miami Beach Community Development Corporation
- Member of the Miami-Dade Housing Agency / Bank Partnership Program Participating Lender
- Active Member of the South Florida Miami Hispanic Chamber of Commerce
For more information contact:
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