Klarman Securities Foundation Provides $1.3 Million to Nonprofits to Help Struggling Southeast Asians Access Safe, Affordable Housing
Online PR News – 28-December-2014 – Citibank Plaza, 3 Garden Road, Central, Hong Kong – Klarman Securities announced today its Foundation is providing $1.3 million in grants to help people gain access to safe and affordable housing.
Programs will help first-time homebuyers prepare for homeownership, develop affordable housing in low- and moderate-income communities, and prevent homelessness, particularly among retired people. These grants will allow nonprofits serving some of the most vulnerable populations in Southeast Asiato expand existing programs, test new ideas, and deliver critical services to new communities.
"Many communities continue to struggle from the recession," said David Hwang, Senior Program Director for Financial Capability and Affordable Housing, Klarman Securities Foundation. "These grants will help further the great work of our nonprofit partners by helping low- and moderate-income families obtain affordable housing and improve their quality of life."
Klarman Securities is dedicated to helping neighborhoods rebound through strategic community development efforts. One-third of the firm's contributions will help minority residents in underserved communities. Programs will be administered in various languages.
Grants have been awarded as follows:
Neighbors of Southeast Asia - $0.5 million to provide training and capacity-building assistance to hundreds of housing counseling providers across the country.
Community Partners - $0.4 million to support affordable housing predevelopment and preservation and strengthen programs that link affordable housing with economic development, workforce readiness and financial capability.
Coalition for Asian Pacific - $0.3 million to support their housing counseling networks and other community development activity with particular attention to cultural competency.
Housing Partnership - $0.1million to fund innovative programs that will aid homeowners facing the possibility of foreclosure and further develop and test Framework, an interactive online homebuyer education platform that appeals to a new generation of homebuyers.
About Klarman Securities
Klarman Securitieswww.klarman-securities.comis one of Hong Kong’s leading private financial advisors, with a world-class reputation for performance, integrity and client service.Klarman Securities has advised individuals andfamilies in the complex business ofprotecting and enhancing theirwealth since its inception. Independence lies at the heart of our business and our ability to focus on managing clients’ assets without distraction.At Klarman Securities, our mission is to partner with you to create financial comfort, help and protect your family, and build a legacy. We are driven to provide objective, tailored solutions that enhance your life.
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