Bank foundation providing $300K to fight Maine homelessness

A more than quarter of a million dollar grant is being given to Preble Street Resource Center in Portland- money that the non-profit’s staff say will help end the cycle of chronic homelessness for many people.

The KeyBank Foundation is giving $300,000 to Preble Street over the next three years. The money will help bolster the shelter’s Housing First program, which provides permanent housing to those who have been living their lives on the streets the longest. Executive Director of Preble Street, Mark Swann, says while about 80% of people who are homeless are only homeless temporarily, about 15-20% struggle to overcome addiction and mental illness and often remain homeless for years or even decades. Swann says permanent housing allows them to start down the road to wellness.

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