Neighbor News
$1.2 MILLION GREEN FAMILY GIFT OPENS DOORS FOR LOW-INCOME SENIORS IN BUCKS COUNTY
Bucks County Senior Housing Now FHI-Owned Thanks to Firstrust Bank
With a grant of $1.2 million from the Daniel B. and Florence E. Green Foundation and Firstrust Bank, Federation Housing, Inc. (FHI) last month acquired its eleventh affordable, independent-living housing site for seniors and its first in Bucks County. The Florence E. Green House in Trevose which opened in 2013, is home to 65 low-income, elderly men and women. Built by Pennrose Properties, the site features 60 one- and two-bedroom units equipped with kitchens, a community room with kitchenette, exercise room, game room, library, media lounge and computer room, central laundry facilities, meditation room, and wellness office, green construction and is located on 4.1 acres.
Said Eric D. Naftulin, FHI Executive Vice President, “Before she passed away in 2012, Florence, along with her husband Dan, demonstrated an extraordinarily warm and personal interest in our seniors. When she visited Samuel A. Green House - which is named for the founder of Firstrust Bank and Daniel Green’s father - she held our residents’ hands and talked to them about their lives. “Flo’s House” is a tribute to her caring embrace of our residents.”
Richard J. Green, longtime FHI Board member and CEO and Vice Chairman of Firstrust reminisced, “My late grandfather, Samuel, began his business by going door to door in Philadelphia during the Great Depression, offering loans so that young couples could buy their first homes. Our family’s long-time support of Federation Housing, Inc. is a perpetuation of this ideal: that men and women should have a safe and affordable place to call home. FHI’s projects and the people they serve have a special place in my parents’ hearts and we are proud to support them.” The Green family’s philanthropic support is the second such gift to FHI: Firstrust and the Green Family Foundation made a historic contribution of $3 million – the largest in the agency’s history - in 2011 toward the Samuel A. Green House, an affordable senior housing site in Elkins Park, Montgomery County.
