HOLYOKE, Mass. (WWLP) – PeoplesBank has donated $20,000 to support OneHolyoke Community Development Corporation’s Working Families Rent Stabilization program. OneHolyoke housing units have been able to freeze rents due to the lead grant from PeoplesBank.

Executive Director Michael Moriarty said, “At a time when housing costs are spiking and rents are becoming unaffordable for many, OneHolyoke has maintained our rents without any increase over the past year. We are able to accomplish this due to the community partnerships we have formed leading to grants such as this $20,000 gift from PeoplesBank. PeoplesBank understands the importance of community and we appreciate their partnership in this important initiative to keep housing that is affordable to families in Holyoke.”

OneHolyoke manages over 160 non-subsidized units in Old Churchill, The Flats, and South Holyoke in Holyoke.

According to Matt Bannister, PeoplesBank Senior Vice President, Marketing and Corporate Responsibility, “We were founded in Holyoke, and supporting the City has always been one of our top priorities.  In these difficult times, that has become even more important to us.  We hope that enabling the residents of these neighborhoods to have a little bit of extra assistance will provide some relief, and contribute to strengthening the community.  We applaud OneHolyoke CDC for their efforts.”