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community investment at webster bank

Strengthening communities

Community Investment

Flexible financing solutions

Webster believes strongly in empowering people and strengthening communities by expanding access to capital. Webster is proud to support culturally vibrant communities by providing loans, investments, technical assistance and financial services to individuals and small businesses in low- and moderate-income neighborhoods.

Organizations we support

  • Community Development Finance Institutions (CDFIs) that finance affordable housing, community facilities and small businesses.
  • Community Development Corporations (CDCs) that focus on revitalizing the areas in which they are located; typically, underserved neighborhoods that have experienced disinvestment.
  • Community Housing Development Organizations (CHDOs) and other developers of affordable housing that build or renovate 1-4 family homeownership and multi-family affordable housing.
  • SBICs and SBA-certified development corporations that can help grow small businesses, especially Minority- and Women-owned Business Enterprises.

Community Investment Strategy Annual Report

We are proud to announce the launch of our 2022–2024 Community Investment Strategy (CIS) Final Report, which highlights our continued investment in creating economic vitality in the communities we serve.

View our 2022-2024 Final Report

Strengthening Our Communities

Construction
financing

We have a dedicated community development lending team that provides pre-development, construction and permanent financing to for profit and non-profit developers of both affordable workforce housing and supportive housing for seniors, veterans, homeless and disabled individuals.

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Tax-credit
investments

We provide equity by investing in Federal and State Low-income Housing Tax Credits, Federal and State Historic Tax Credits and New Markets Tax Credits for multi-family, mixed-use and mixed-income developments that help to economically revitalize neighborhoods.

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FHLBB’s Affordable Housing Program

As a Federal Home Loan Bank of Boston (FHLBB) member bank, Webster can work with housing organizations (sponsors) to apply for grants or subsidized advances to support homeownership and rental housing initiatives for low- to moderate-income households.

First-time
homebuyers

We partner with HUD-certified affordable housing counseling agencies throughout our CRA footprint and offer a variety of mortgage products for low and moderate-income individuals and families seeking to purchase an affordable home.

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Small businesses and community facilities

We provide technical assistance and capital for small businesses and community facilities, including charter schools, childcare centers and health care centers. We also provide SBA guaranteed loans to small businesses through Business Banking.

Financial literacy and homebuyer education

We offer customized financial literacy seminars in partnership with schools and non-profit organizations covering such topics as basic banking, household budget planning, understanding and repairing damaged credit and preparing for home ownership.

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Strengthening Communities Through Sustained Partnership

Webster Bank believes strongly in empowering people and strengthening communities by expanding access to capital and resources. As part of our comprehensive Community Investment Strategy, we’ve established Community Advisory Councils in our New York, Connecticut, and Rhode Island/Massachusetts markets. These collaborations help us to strengthen meaningful community connections, and to set impactful short- and long-term goals. Our Councils are comprised of leaders of 30 nonprofit organizations that span the arenas of affordable housing, small business, CDFIs, workforce development and economic revitalization.

Multifamily Lending Best Practices

We are proud to have launched Webster’s Multifamily Lending Best Practices, utilizing input from our long-time partners University Neighborhood Housing Program and Association for Neighborhood Housing Development.

Connect With Us

Learn more about Webster products, services and the communities we serve.