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Fairfield Bank Executive Joins Board Of Housing Development Fund

M&T Bank’s Michael Weinstock has joined the Board of the Housing Development Fund. Photo Credit: Contributed
To mark his appointment, M&T Bank awarded a $20,000 grant to the Housing Development Fund to further its mission of developing affordable housing and assisting first-time homebuyers with free counseling and unique lending products. Photo Credit: Contributed

FAIRFIELD, Conn. -- Michael Weinstock, market president for M&T Bank in Connecticut, has been appointed to the board of the Housing Development Fund (HDF).

HDF helps first-time homebuyers become homeowners through free counseling and unique lending products, assists developers in building affordable housing units with competitive financing, and encourages and supports homeowners through innovative programs. It has offices in Stamford, Bridgeport and Danbury.

HDF leverages private investment to make public subsidy dollars work harder to create affordable housing, offering lenders the opportunity to invest in the sustainable ownership of New York and Connecticut’s communities. It works with state and local governments to develop innovative housing solutions and to identify qualified homebuyers for affordable housing and homebuyer assistance programs. HDF provides lending and homeownership counseling services to the entire state of Connecticut as well as Nassau, Suffolk, Rockland, and Westchester counties in New York.

Weinstock, who joined M&T Bank in 1996, emphasizes the importance of facilitating the development of affordable housing, which leads to more families, both renters and homeowners, staying in their homes.

With more than $120 million in funds under management, HDF provides programs for pre-development, acquisition, rehabilitation, and construction of affordable housing as well as down payment and closing cost assistance loans to low- and moderate-income families.

“We are very pleased to welcome Michael to the board,” says Joan Carty, president and CEO of the Housing Development Fund. “As a seasoned banker who operated a commercial bank office in Norwalk for several years, active community member, and father, Michael brings special experience and knowledge of the landscape in Connecticut to his role.”

Weinstock has held past roles with the March of Dimes Rockland/Westchester County Division, where he was chair; the Foundation Board for the Jewish Home for the Elderly in Fairfield; and the board of the Westchester region of the American Diabetes Association, where he was honored with its “Father of Year” award in 2013.

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