Employee ownership may help businesses stay open as Boomers retire - San Francisco Chronicle (1/19/17)
Oakland nonprofit Project Equity helps business owners transition from a traditional ownership model to an employee-owned business that will give workers an opportunity to become equal partners in the company. Project Equity won a $30,000 AHEAD Program grant in 2015 through Bank member New Resource Bank.
Peoples’ Self-Help Housing breaks ground for housing project in Templeton – Paso Robles Daily News (1/17/17)
People's Self-Help Housing held a groundbreaking ceremony for new affordable housing at the Rolling Hills community in Templeton. The project, Rolling Hills II, is adding 30 new units to the existing 53. The project received a $397,500 AHP grant through member Coast National Bank.
Bay Area Small Business Lender Focuses on Quality Jobs - Next City (10/4/16)
Proyecto Diaz is now looking for a roasting and warehouse space to call his own. To fund the expansion, he raised $32,490 on Kickstarter and obtained a $50,000 loan from Pacific Community Ventures, a San Francisco-based CDFI that focuses on creating quality jobs — ones that pay a living wage, and provide healthcare, retirement and paid leave. PCV received a $20,000 AHEAD Program Grant through Federal Home Loan Bank of San Francisco member Charles Schwab Bank to support administration and marketing of the loan program.
350 California Microbusinesses Boosted – Home Business (9/18/16)
More than 350 businesses will benefit as a result of grants from the Federal Home Loan Bank of San Francisco’s AHEAD Program. CAMEO, the statewide network of entrepreneurial training programs and microlenders, and 10 of its members received $352,000 to help entrepreneurs start and grow their businesses. An additional $120,000 went to other microbusiness development programs in California. The money will be used to provide business coaching, access to capital, and connections to markets for underserved populations, i.e. minorities, rural, low-income, or women.
Local non-profit celebrates grand opening of senior affordable housing development – Northern Nevada Business Weekly (9/9/16)
Reno non-profit Silver Sage Manor, Inc. will host a Grand Opening and 25-year Anniversary Celebration on September 12th at 11:00 AM at its newly completed Lincoln Way Senior Apartments for low-income seniors. The project received a $450,000 AHP grant through member Wells Fargo Financial National Bank.
Giving adults with autism the skills to build independent lives – PBS NewsHour (8/9/16)
Foundation for Senior Living (FSL), the Arizona Department of Housing, and Southwest Autism Research & Resource Center formed a collaboration to help young adults with autism explore their future and to prepare them with the skills necessary to succeed and live with independence. The First Place Transition Academy is co-located with FSL residents at FSL’s 29 Palms Apartment project, which received funding from the FHLBBank of San Francisco’s AHP and AHEAD grant programs.
The Perfect Option for the Future – Visionary Home Builders of California (8/16)
After bankruptcy and foreclosure, the Mendoza family got a second chance at achieving their dream of homeownership through Visionary Homebuilders of California’s Option to Own program. A $15,000 matching grant from FHLBank San Francisco’s WISH homebuyer program helped them cross the financing threshold.
Weeksville Heritage Center seeks financial support – The New Amsterdam News (6/23/16)
At a recent fundraising gala, Con Edison, National Grid, and the Federal Home Loan Bank of San Francisco were among the organizations that made monetary donations to help preserve the Weeksville Heritage Center in Brooklyn, the site of one of America’s first free Black communities.
Affordable housing project opens in west Napa – Napa Valley Register (6/24/16)
Napa Valley Community Housing held an official grand opening in the community room at Oak Creek Terrace, an affordable housing complex that includes 41 energy-efficient units. The project was co-developed by the Napa Valley Community Housing, the principal owner, and Burbank Housing Development Corp. of Santa Rosa. It was funded with money from Napa County, the city of Napa and the city’s housing authority along with state and federal funding. The project received a $400,000 AHP grant from FHLBank San Francisco through Bank member Silicon Valley Bank.
Richards Crossing coming soon: Ground broken for housing for homeless – Nevada Appeal (6/8/16)
Richards Crossing, named after Garth Richards, who donated the 1.7-acre parcel, will be transitional housing comprising 39,520 square-feet of apartments. The project received a $390,000 AHP grant from FHLBank San Francisco through Bank member Charles Schwab Bank.
Home Lending Institutions Focus Attention on Jobs and Small Business – Next City (5/20/16)
Closing the racial wealth gap is a cause that is near and dear to the hearts of many, including Rep. Maxine Waters, who represents parts of Los Angeles. “The wealth gap and its causes are not new. And this level of inequality is not a natural phenomenon,” Rep. Maxine Waters said at a May 6 roundtable in Los Angeles sponsored by FHLBank San Francisco. The L.A. event was part of a five-city series of roundtables the Bank is using to help design its new $40 million initiative to promote quality job growth and business expansion financing. Other places on the tour are Phoenix, the San Francisco Bay Area, Las Vegas, and Sacramento. The five stops are meant to give FHLBank San Francisco a sense of different parts of the region.
Rep. Maxine Waters and Federal Home Loan Bank Announce $40 Million Grant For Job and Business Growth – Los Angeles Sentinel (5/14/26)
Rep. Maxine Waters (CA-43) joined representatives from FHLBank San Francisco at Los Angeles Southwest College on May 6 to announce that Los Angeles will be one of five cites participating in the Bank’s Quality Job Growth and Business Expansion Financing Initiative. The initiative will funnel $40 million in grants to support job development and small to mid-tier businesses in Los Angeles as well as in Las Vegas, Phoenix, Sacramento, and the San Francisco/Oakland Bay Area.
Menlo Park: Walls rise on 90 affordable housing units for seniors – The Almanac (5/11/16)
On May 5, MidPen Housing Corp., a nonprofit builder of "below market rate" housing, hosted a "wall raising" for elected officials to see framing going up for the new structure – christened Sequoia Belle Haven. The project received an $890,000 AHP grant from FHLBank San Francisco through Bank member Wells Fargo Financial.
Underserved Communities in Los Angeles Area to Receive $40 Million from FHLBank San Francisco – MultiFamilyBiz.com (5/9/16)
The Federal Home Loan Bank of San Francisco held a seminar at LA's Southwest College to explore best practices for creating quality jobs and small business expansion in underserved West Coast communities. The session was an integral part of the Bank's Quality Job Growth and Business Expansion Financing initiative that will direct $40 million to support programs that use innovative strategies to enhance the income- and wealth-building potential of working families.
Meriwest Credit Union awarded WISH & IDEA Sponsorship Grants – Credit Union Insight (5/6/16)
The Federal Home Loan Bank of San Francisco approved Meriwest Credit Union’s request for grant funds to be used to help local working families earning less than the median income access to home ownership.
San Francisco FHLB Picks Umpqua Exec as New President – National Mortgage News (4/27/16)
The Federal Home Loan Bank of San Francisco has selected Greg Seibly to be its new president and chief executive starting May 12. He will take over from Dean Schultz who is retiring after 25 years at the helm of the bank.
Homeless Veterans Move into The Six – Affordable Housing Finance Magazine (4/15/16)
The Six, a new affordable housing development serving formerly homeless veterans in Los Angeles, is aptly named. In the military, “got your six” means “I’ve got your back.” The latest development by Skid Row Housing Trust does just that for its residents. The project received a $500,000 AHP grant from FHLBank San Francisco through Bank member Wells Fargo Financial National Bank.
Officials plan talk on small-business expansion, job training – Las Vegas Review Journal (3/9/16)
Without job growth, there’s little demand for homes. The Federal Home Loan Bank of San Francisco is in town today to spur both.
Mission ready to open Victory House for women – Redding Searchlight (2/24/16)
The Good News Rescue Mission was awarded a $1.5 million grant from FHLBank San Francisco (Redding Bank of Commerce sponsored the grant) to renovate the existing women's overnight shelter, House of Hope, and move its New Life Recovery Program for women to the Victory House.