{"id":996224,"date":"2026-08-17T16:33:30","date_gmt":"2026-08-17T20:33:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dime-commercial-bank-launches-affordable-housing-group\/"},"modified":"2026-08-17T16:33:30","modified_gmt":"2026-08-17T20:33:30","slug":"dime-commercial-bank-launches-affordable-housing-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dime-commercial-bank-launches-affordable-housing-group\/","title":{"rendered":"Dime Commercial Bank Launches Affordable Housing Group"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HAUPPAUGE, N.Y., Aug.  17, 2026  (GLOBE NEWSWIRE) &#8212; Dime Commercial Bank today announced its entry into the affordable housing space with the launch of a dedicated group that will serve developers that are building or preserving affordable and workforce housing.<\/p>\n<p align=\"justify\">The launch of the Affordable Housing Group is part of Dime\u2019s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion.<\/p>\n<p align=\"justify\">The group will be led by Michael Camoia, who joins Dime as Senior Vice President, Head of Affordable Housing. Mr. Camoia recently served as Senior Vice President, Director of Community Development and Community Reinvestment Act Finance at BankUnited.<\/p>\n<p align=\"justify\">The new vertical will focus on:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Pre-development, construction, and permanent financing for affordable and workforce housing developers, including supportive housing.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Tax Credit Equity Investment \u2014 Direct equity investments in Low-Income Housing Tax Credit (LIHTC) transactions supporting multifamily, mixed-use, and mixed-income developments.<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Collaborating with state housing finance agencies, and local CDFIs to expand access to subsidized capital for affordable housing sponsors.\n<\/li>\n<\/ul>\n<p align=\"justify\">\u201cAffordable housing capacity is under strain across the country, and we see this expansion as consistent with our focus of reinvesting in our communities while at the same time developing solid commercial banking business and relationships,\u201d said Stuart H. Lubow, President and Chief Executive Officer of Dime. \u201cThe launch reflects both our Community Reinvestment Act strategy and rising demand from developers and municipalities for reliable, well-capitalized lending partners. Dime continues to be the bank-of-choice for talented and entrepreneurial individuals, and we are excited to welcome Mike Camoia to lead this new vertical for us.\u201d<\/p>\n<p align=\"justify\">\n        <strong>ABOUT DIME COMMERCIAL BANCSHARES, INC.<\/strong><br \/>\n        <br \/>Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island <sup>(1)<\/sup>.<\/p>\n<p>Investor Relations Contact:<br \/>Avinash Reddy<br \/>Senior Executive Vice President \u2013 Chief Operating Officer and Chief Financial Officer<br \/>Phone: 718-782-6200; Ext. 5909<br \/>Email:\u00a0<a href=\"mailto:avinash.reddy@dime.com\" rel=\"nofollow\" target=\"_blank\">avinash.reddy@dime.com<\/a><\/p>\n<p>\u00a0\u00b9 Aggregate deposit market share for Kings, Queens, Nassau &amp; Suffolk counties for commercial banks with less than $20 billion in assets.<\/p>\n<p>\n        <strong>FORWARD-LOOKING STATEMENTS<\/strong><br \/>\n        <br \/>\n        <em>Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.<\/em>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgwODEzNSM3NzcwNzU1IzIwMTk0NjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MDhjNzI0YjYtNDgzZC00M2JkLThiNTAtYjA4NTQwYWU4M2FkLTEwMzA5MzktMjAyNi0wOC0xNy1lbg==\/tiny\/Dime-Commercial-Bancshares-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HAUPPAUGE, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) &#8212; Dime Commercial Bank today announced its entry into the affordable housing space with the launch of a dedicated group that will serve developers that are building or preserving affordable and workforce housing. The launch of the Affordable Housing Group is part of Dime\u2019s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion. The group will be led by Michael Camoia, who joins Dime as Senior Vice President, Head of Affordable Housing. Mr. Camoia recently served as Senior Vice President, Director of Community Development and Community Reinvestment Act Finance at BankUnited. The new vertical will focus on: Pre-development, construction, and permanent financing for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dime-commercial-bank-launches-affordable-housing-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dime Commercial Bank Launches Affordable Housing Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-996224","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dime Commercial Bank Launches Affordable Housing Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dime-commercial-bank-launches-affordable-housing-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dime Commercial Bank Launches Affordable Housing Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAUPPAUGE, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) &#8212; Dime Commercial Bank today announced its entry into the affordable housing space with the launch of a dedicated group that will serve developers that are building or preserving affordable and workforce housing. The launch of the Affordable Housing Group is part of Dime\u2019s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion. The group will be led by Michael Camoia, who joins Dime as Senior Vice President, Head of Affordable Housing. Mr. Camoia recently served as Senior Vice President, Director of Community Development and Community Reinvestment Act Finance at BankUnited. 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