Township of Washington, NJ - November 22, 2010 - The OritaniBank Charitable Foundation is proud to announce that Habitat for Humanity of Bergen County is the recipient of a $100,000 grant, which will be used to underwrite the cost of building a 4-bedroom condominium in Waldwick, NJ. The condominium, dubbed the Oritani House, is actually part of a 4-unit Habitat development being constructed at 101 Wyckoff Avenue. The 4-bedroom condo, which is the largest of the four units, will become home to the D'Annibale family. Sandra D'Annibale and her five children have already begun their 400 hours of sweat equity by clearing debris from the land, framing interior walls and organizing donated materials and supplies.
Since their inception in 1994, Habitat for Humanity of Bergen County has constructed 14 homes, housing a total of 20 adults and 26 children. The organization provides opportunities for home ownership to low and moderate-income families, by relying primarily on volunteer labor and donated materials and funds. Habitat builds and rehabilitates homes, then sells them to the participating families at no profit and with no-interest loans.
"We are pleased to be able to contribute to Habitat for Humanity of Bergen County's efforts to provide decent, affordable housing for members of our community," said Kevin J. Lynch, President of the OritaniBank Charitable Foundation and Chairman, President and CEO of Oritani Bank. "In partnership with the dedicated Habitat volunteers, the hard-working participating families are able to attain their goal of owning a home and providing a safe environment to raise their children. At Oritani, we recognize that home ownership is a dream for many individuals and we are very proud to be a tangible part of this process for the D'Annibale family."
The OritaniBank Charitable Foundation was established in 2007 to assist not-for profit organizations that help to improve the quality of life for residents in Bergen, Hudson, and Passaic counties. Since its inception, the Foundation has donated $1.25 million to local charitable organizations, primarily in support of education, health & human services, youth programs, and affordable housing.
Oritani Bank is a 99-year-old community bank with over $2 billion in assets, based in the Township of Washington, New Jersey. Oritani Bank has 22 branches throughout Bergen, Hudson and Passaic Counties, and offers a full line of deposit and loan services to both retail and commercial customers. Oritani Bank is a publicly held company trading on the NASDAQ with the trading symbol "ORIT." For more information, call 888-ORITANI, or visit their website www.oritani.com.