Centreville Bank Invests $100,000 in Affordable Housing Project with H.O.P.E, Inc. in New London
West Warwick, R.I. (November 3, 2025) – Centreville Bank announced a $100,000 community investment in partnership with H.O.P.E, Inc. (Home Ownership Program for Everyone) to support the renovation of a residential property in New London, Connecticut. The investment will create a safe and affordable home for a local family and strengthen long-term neighborhood stability.
“At Centreville Bank we are committed to building stronger communities through direct investments that create meaningful impact,” said Jill DeShiro, Chief Financial Officer, Chief Operating Officer, at Centreville Bank. “Affordable homeownership provides families with stability and opportunity. Our investment in H.O.P.E, Inc. reflects our belief in their mission and our shared commitment to supporting economic growth in southern New England.”
“At Centreville Bank we are committed to building stronger communities through direct investments that create meaningful impact,” said Jill DeShiro, Chief Financial Officer, Chief Operating Officer, at Centreville Bank. “Affordable homeownership provides families with stability and opportunity. Our investment in H.O.P.E, Inc. reflects our belief in their mission and our shared commitment to supporting economic growth in southern New England.”
The investment will be used to rehabilitate a distressed property and convert it into an affordable home for a first-time homebuyer. The project will also stimulate local economic activity by utilizing local contractors and small businesses during the renovation.
“H.O.P.E., Inc. is deeply grateful to Centreville Bank for their generous $100,000 investment through the NAA program in support of our rehabilitation of 20 Center Street. This project will create a pathway to homeownership for a family earning less than 50% of the HUD Area Median Income—an opportunity that is life-changing for households struggling within the ALICE population. Centreville Bank and their incredible team have gone above and beyond, working tirelessly to make a meaningful difference in the community,” said Stacey Smith, Executive Director, H.O.P.E., Inc. “Their commitment to addressing the housing crisis and investing in brighter futures for families truly embodies what it means to be a community partner. We are honored to have their partnership and inspired by their dedication to creating lasting impact.”
For future homeowner Giselle Santos this program will make a lasting impact. “Becoming a homeowner will alter my life and gave my children a foundation for success. H.O.P.E, Inc.
believed in me and guided me every step of the way. I am thankful for this opportunity and for the organizations that make it possible.”
This investment is part of Centreville Bank’s ongoing commitment to support affordable housing, economic mobility and community development across Connecticut and Rhode Island.
About H.O.P.E, Inc.
H.O.P.E, Inc. (Home Ownership Program for Everyone) is a nonprofit organization based in New London, Connecticut. Its mission is to empower low- and moderate-income individuals and families through affordable housing, financial coaching and homeownership opportunities.
About Centreville Bank
Founded in 1828 and headquartered in West Warwick, Rhode Island, Centreville Bank is a full-service mutual bank with over $2.8 billion in assets and 23 locations throughout Rhode Island and eastern Connecticut. Centreville understands the unique financial needs of individuals, families and businesses and offers a wide range of personal banking and commercial banking products and services including checking accounts, savings accounts, CDs, money market accounts, mortgages, business loans and more. Centreville is committed to its employees and the communities it serves, always striving to help people make progress and achieve their financial goals. That is progress on purpose. Visit centrevillebank.com, follow us on Facebook, LinkedIn and Instagram, or come into a branch or office to learn more.
“H.O.P.E., Inc. is deeply grateful to Centreville Bank for their generous $100,000 investment through the NAA program in support of our rehabilitation of 20 Center Street. This project will create a pathway to homeownership for a family earning less than 50% of the HUD Area Median Income—an opportunity that is life-changing for households struggling within the ALICE population. Centreville Bank and their incredible team have gone above and beyond, working tirelessly to make a meaningful difference in the community,” said Stacey Smith, Executive Director, H.O.P.E., Inc. “Their commitment to addressing the housing crisis and investing in brighter futures for families truly embodies what it means to be a community partner. We are honored to have their partnership and inspired by their dedication to creating lasting impact.”
For future homeowner Giselle Santos this program will make a lasting impact. “Becoming a homeowner will alter my life and gave my children a foundation for success. H.O.P.E, Inc.
believed in me and guided me every step of the way. I am thankful for this opportunity and for the organizations that make it possible.”
This investment is part of Centreville Bank’s ongoing commitment to support affordable housing, economic mobility and community development across Connecticut and Rhode Island.
About H.O.P.E, Inc.
H.O.P.E, Inc. (Home Ownership Program for Everyone) is a nonprofit organization based in New London, Connecticut. Its mission is to empower low- and moderate-income individuals and families through affordable housing, financial coaching and homeownership opportunities.
About Centreville Bank
Founded in 1828 and headquartered in West Warwick, Rhode Island, Centreville Bank is a full-service mutual bank with over $2.8 billion in assets and 23 locations throughout Rhode Island and eastern Connecticut. Centreville understands the unique financial needs of individuals, families and businesses and offers a wide range of personal banking and commercial banking products and services including checking accounts, savings accounts, CDs, money market accounts, mortgages, business loans and more. Centreville is committed to its employees and the communities it serves, always striving to help people make progress and achieve their financial goals. That is progress on purpose. Visit centrevillebank.com, follow us on Facebook, LinkedIn and Instagram, or come into a branch or office to learn more.