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Police Presence Via Low Cost Mortgages

Hibernia Bank in New Orleans is working with that city's police force on a unique program to accomplish two goals simultaneously: provide homeownership opportunities for the police force and rebuild New Orleans neighborhoods.

The New Orleans Police Department Welcome Home Program provides grants and loans for the city's 2,000 police officers and employees to encourage them to buy a house in a blighted neighborhood. The program helps officers and employees establish credit or refinance a loan while it also encourages increased visibility of officers in neighborhoods that can use their help.

Copyright © 2003 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 13, No. 9, 12/03

First published on 12/01/2003

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