Bart Colwell, President and CEO, Terre Haute Savings Bank of Terre Haute, Indiana, received the FHLBI’s 2014 Indiana Community Spirit award. FHLBI and its Affordable Housing Advisory Council present the Community Spirit Award twice each year to honor an individual each from one of our member financial institutions in Michigan and in Indiana who has shown an outstanding dedication to affordable housing and community economic development.
Providence Housing Corporation nominated Colwell based on his partnership on many of their projects, including the renovation of Saint-Mary-of-the-Woods' Providence Hall residence for retired nuns (pictured above). Providence Housing and Terre Haute Savings Bank strengthened the West Terre Haute community by using a variety of FHLBI's affordable housing programs, including:
- using the Neighborhood Impact Program to help rehab homes
- helping make homeownership a reality for 17 low-to-moderate income first-time homebuyers with Homeownership Opportunities Program grants
- assisting with the construction of 53 apartments for low-income seniors by providing access to Affordable Housing Program grant funding.
Bart’s community commitment extends beyond the Terre Haute Savings Bank office: he is a member of the board and chair-elect for both the Terre Haute Economic Development Corp. and the Indiana State University Foundation. He also serves as President of the Board of the Vigo County Education Foundation, in addition to holding several other leadership roles in the community.
The FHLBI is proud to honor Bart with this award to recognize his commitment to the Terre Haute community.