Dollar Bank Leads Local Lenders in Supporting First-Time Homeownership Through 1st Home Allegheny Program
Dollar Bank is proud to announce that it received a distinguished award from Allegheny County for its leading role in the 1st Home Allegheny Program, a county-wide initiative designed to expand access to homeownership for first-time buyers. The Bank originated more loans through the program than any other participating financial institution, helping residents across the region purchase homes in 2025.
Launched in May 2025, the 1st Home Allegheny Program is funded through $2.6 million in Residential Finance Authority proceeds and administered by Allegheny County Economic Development with support from ACTION-Housing. The program offers forgivable loans of up to $45,000 to assist eligible first-time homebuyers with closing costs and down payment funds, making homeownership more attainable for income-qualified households throughout Allegheny County.
Dollar Bank’s Residential Lending and Community Development teams worked collaboratively to guide customers through the program, providing tailored mortgage support and connecting borrowers with resources designed to reduce upfront barriers to homeownership.
“I’m incredibly proud of how our team embraced this opportunity to invest in local families,” said Jason Jones, Vice President of Community Development at Dollar Bank. “By leveraging this resource, we helped individuals and families achieve something that might otherwise have remained out of reach.”
Highlights of Dollar Bank’s involvement include:
- Leading all participating lenders in loan origination volume through the 2025 program cycle.
- Supporting buyers in securing homes in communities across Allegheny County.
- Partnering internally across lending and community teams to streamline borrower experiences.
“Winning this award demonstrates Dollar Bank’s commitment to going the extra mile for our customers,” said Steven Kaminski, Vice President of Residential Lending. “Programs like 1st Home Allegheny require persistence, partnership and a deep understanding of borrowers’ needs — and our team delivered.”
The 1st Home Allegheny Program helped eligible first-time buyers finance homes in 34 municipalities across the county in its first year, generating meaningful economic and community impact.
Looking ahead, Allegheny County plans to reopen and expand the program in May 2026, including lender and realtor listening sessions to refine and grow the initiative.
About Dollar Bank
As the nation's largest mutual bank, Dollar Bank has been empowering the communities and customers we serve for 170 years. Our more than 90 locations throughout Pennsylvania, Maryland, Ohio and Virginia provide a comprehensive range of personal, small business and corporate banking solutions. We continue to invest in our customers and strengthen our communities through financial education programs and partnerships with organizations who share our dedication to building opportunities for all. As of July 2025, Dollar Bank reported total assets of $12 billion, total loans of $9.4 billion, and total deposits of $9.6 billion. For more information, visit Dollar.Bank.