Print Friendly and PDF

Level One Bank Inaugurates Disaster Relief Program (DRP)

Farmington Hills, Mich. In the wake of recent local flooding that resulted in the Federal Emergency Management Agency’s (FEMA) declaring many cities inMetropolitan Detroit as disaster areas in the past month, Level One Bank haslaunched a new Disaster Relief Program (DRP), offering residents up to $15,000 in limited federal grant assistance.

Level One Bank’s Disaster Relief Program, developed in partnership with the Federal Home Loan Bank (FHLB), is designed to help low-to-moderate income individuals in Oakland, Macomb and Wayne Counties restore their homes damaged by flooding in state or federally declared disaster areas. A total of $6 million has been earmarked by FHLB to be awarded to qualified homeowners nationwide – dollars that are in great demand.

“Our area is competing with others across the country for these limited funds,” said David Watkins, Community Lending Officer at Level One Bank. “As such, it is vital that those affected apply for the program as soon as possible. Time is absolutely of the essence for our neighbors to receive the help they need to complete the long process of rebuilding from these devastating storms.”

Qualifying residents must have a household income equal to or less than 80% of the Area Median Income; have owner-occupant status; and have resided in the home for at least 18 months as a primary residence. Additional eligibility requirements may apply.

“This is an incredible recovery program, in particular for individuals with nowhere else to turn for financing for repairs,” said David. “These are grants that will allow those hardest hit to recover and get back on their feet again.”

Through a streamlined application process, dollars for qualified homeowners can be secured within approximately 30 days.

Interested parties can contact David Watkins by calling 248-737-0300.

About Level One Bank

Level One Bank is a full-service, 5-Star BauerFinancial rated commercial and consumerbank committed to connecting with unparalleled service and delivering outstanding financial solutions. Owned and managed locally, Level One Bank is headquartered in Farmington Hills, Michigan withassets of approximately $650 million. It currently operates seven full-service banking centers, located throughout Oakland County and the surrounding communities. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans,leases, commercial mortgages, SBA loans, Export-Import Financing and a fullsuite of Treasury Management services. The Consumer Division offers personal savings and checking accounts, including free checking and competitive interest-bearing accounts such as Money Markets, IRAs, and CDs. The bank also provides a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. Formore information, please visit