Market Overview

River City Bank and Neighborhood Partners, LLC extend partnership on Cesar Chavez Plaza housing project

Share:

River City Bank and Neighborhood Partners, LLC extend partnership on Cesar Chavez Plaza housing project

Local development symbolizes hope in City of Davis

PR Newswire

SACRAMENTO, Calif., Aug. 14, 2018 /PRNewswire-PRWeb/ -- River City Bank, Sacramento's premier business bank, donated $1,000 towards Cesar Chavez Plaza's Resident's Fund, fulfilling the community's goal of $10,000. The Resident's Fund will be used for community-building activities that will strengthen the life of residents. Neighborhood Partners, LLC, a company that specializes in the development and financing of nonprofit, mutual and cooperative housing, is celebrating Cesar Chavez Plaza's 10 year anniversary. At full occupancy and with a waitlist of more than 284 people, Cesar Chavez Plaza has been successful in providing better housing, living conditions, and support for those in need within the City of Davis community.

"We are thrilled to see the success of Cesar Chavez Plaza and contribute to the ongoing support the City provides to its residents," said Steve Fleming, President and Chief Executive Officer of River City Bank. "The City of Davis is a valued client of ours, and we support its endeavors to create a significant impact on the community for individuals in need. We also want to acknowledge the excellent work being done by Neighborhood Partners, as this organization has done a superb job in realizing its vision for Cesar Chavez Plaza."

TWEET THIS: #Sacramento based @RiverCityBank donates $1,000 to the Resident's Fund endowment in the @CityofDavis for community-building and strengthening activities. #business #Davis

In 2008, River City Bank was awarded an Affordable Housing Program grant through the Federal Home Loan Bank of San Francisco on behalf of Davis Community Meals and Housing and Neighborhood Partners, LLC. The $470,000 grant was instrumental in breaking ground on Cesar Chavez Plaza, a 53-unit community that provides workforce housing for low-income and specialized needs individuals at the risk of homelessness.

"The commitment of the City of Davis to help provide a better life for at-risk individuals is inspiring and encouraging," said David Thompson, Co-Principal of Neighborhood Partners, LLC and President of Twin Pines Cooperative Foundation (manager of the Resident's Fund). "We are overjoyed to be a part of Cesar Chavez Plaza and look forward to its continued success providing hope for those in need."

A 10 foot by 10 foot "De Colores" mural welcomes residents to Cesar Chavez Plaza and reflects Cesar Chavez's commitment to the key elements of human life: shelter, food, education, healthcare, livelihood and community. Longtime Davis resident and reputable artist, Susan Shelton, designed the mural in 2011 after expressing strong interest in supporting the Plaza's mission. Some of the panels were hand-painted by residents as part of a community build project.

The City of Davis supports the housing development and the social and economic guidance it provides to residents. At the end of 2017, River City Bank announced the City of Davis as one of its newest clients, providing comprehensive banking services for the city across multiple accounts. The Bank's involvement in the local community through the provision of services, donations, and fundraising activities such as Cesar Chavez Plaza represent its ongoing effort to bettering the communities in which it is involved.

About Neighborhood Partners, LLC
Neighborhood Partners, LLC's vision is to create livable communities that enhance the quality of community life, increase resident involvement and incorporate an environmental ethos. The organization brings 40 years of development experience to its clients and partners, and it has developed 1,000 units of nonprofit housing valued at over $200 million. Neighborhood Partners develops only cooperative, mutual and nonprofit housing by leveraging local resources, bringing in external capital and obtaining supportive subsidies. It has created communities for hundreds of working families, as well as hundreds of seasoned seniors. For more information, visit http://npllc.org/.

About River City Bank
Named one of Sacramento Business Journal's "50 Fastest Growing Companies" for each of the past two years, River City Bank is the Sacramento region's premier business bank with assets over $2.0 billion. River City Bank offers a comprehensive suite of banking services, including loans, deposits and cash management tools to the business, consumer and commercial real estate sectors. With tailored, executive-level service and a Five Star "Superior" financial rating from the nation's leading independent bank-rating firm, Bauer Financial, River City Bank redefines the banking experience and every touch point that surrounds it. River City Bank is the largest, independent, locally-owned bank in the Sacramento region with an office in the San Francisco Bay Area and a presence in Southern California. For additional information, please visit http://www.rivercitybank.com or call (916) 567-2600. Member FDIC. Equal Housing Lender.

 

SOURCE River City Bank

View Comments and Join the Discussion!