E . 2021 ESG Report SOCIAL Another impactful investment closed by the Community Development Group in 2021 was 43 Green , a 99-unit mixed-income housing community located in the historic Bronzeville neighborhood of Chicago. The property is also adjacent to the Green Line 43rd Street station. The property’s 99 apartment units will consist of 36 studio units, 45 one-bedroom apartments and 18 two-bedroom apartments; 51 will be afordable to households earning no more than 50% and 60% of the area median income, and 49 will be unrestricted market-rate units. The Community Development group provided $18.5 million of equity and a construction loan of $14.5 million. In addition to the work of our community development group, the CRO team actively seeks collaborations with organizations that will address the lack of afordable housing and fnancial services in underserved communities . These community partnerships are essential to our ability to reach individuals and families and improve lives. N EIGHBORWORKS AMERICA A fter a successful collaboration in 2020 to help ensure foreclosure mitigation, eviction protection and fnancial coaching services were available to low- and moderate-income individuals during the pandemic, Fifth Third and NeighborWorks teamed up again in 2021 on an innovative program to make transformational improvement in minority homeownership. NeighborWorks America is an organization that creates opportunities for people to live in afordable homes, improve their lives and strengthen their communities. The Fifth Third Foundation has committed $1 million to NeighborWorks America to support the organization’s national investment to increase Black homeownership. The foundation’s investment will help launch and implement a competitive grant program to accelerate local, successful strategies to create more minority homeowners. Through grants and peer sharing, NeighborWorks identifes and supports innovative homeownership initiatives and then helps to scale and replicate those models throughout its network. Contents By focusing on equity in homeownership, NeighborWorks is helping to accelerate wealth building in underserved communities. Homeownership provides critical stability for minority families, and with the right resources and support, is part of a successful strategy for long-term wealth building in communities. Fifth Third is delighted to be NeighborWorks’ partner in advancing Black homeownership and wealth building today and into the future. HO MEOWNERSHIP SEMINARS I n addition to major funding from the Fifth Third Foundation, Fifth Third also worked with NeighborWorks last year to host educational webinars to help people understand the homebuying process. It also hosts these experiences with other community agencies and CDFIs, like Accion, to educate community members about the homebuying process. In June, National Homeownership Month, we hosted Owning It! seminars in Ohio and Kentucky. In partnership with community agencies across the states, the virtual seminars covered topics including the advantages of homeownership, credit and credit repair, loan preapproval, fnding a real estate agent, home shopping do’s and don’ts, and the mortgage process, including closing. Introduction Economic Environment Social Governance Owning It! A FREE virtual workshop Get information about aordable mortgage options and let us help you open the door to homeownership. Workshop Topics: • Why Become a Homebuyer? • House Shopping Do’s and Don’ts • Credit and Credit Repair • Finding the Right Mortgage • Loan Pre-Approval • The Closing Process • Finding a Realtor Saturday, June 4, 2022 | Noon to 1:30 p.m. Register at https://tinyurl.com/OwningIt-SU22. The virtual meeting ID will be sent out after the RSVP. Fifth Third Bank, National Association. Member FDIC qual Housing Lender 22-05_CDSR_Slick_Owning It 2022 Virtual Owning It! seminars covered topics including the advantages of homeownership, credit and credit repair, loan preapproval, fnding a real estate agent, home shopping do’s and don’ts, and the mortgage process. 75