UniBank CEO Michael Welch on Helping Local Families Become Homeowners
By-Hank Stolz
Photo- Radio Worcester
WORCESTER, MA– Michael Welch, CEO of UniBank, joined Talk of the Commonwealth to share an update on the bank’s ongoing partnership with Habitat for Humanity. Welch explained how the collaboration recently helped two local lower-income families achieve homeownership through a program that blends sweat equity, a lottery system, and mortgages provided by UniBank.
The initiative serves families earning between 30% and 60% of the area’s median income—households that often fall through the cracks of traditional lending and housing assistance. Welch emphasized the dual benefits of the program: transforming lives by helping families secure their first homes while revitalizing neighborhoods and strengthening community ties.
Reflecting on the emotional impact of homeownership, Welch said, “I can’t wait to hear the stories from the two families we’ve helped so far about what their first Thanksgiving and Christmas will look like and be like for the first time ever in their lives, in their own home.”
He also hinted at another upcoming initiative with Habitat for Humanity to be announced in late December or early January, reinforcing UniBank’s long-term commitment to community investment and housing accessibility.
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