The Access to Housing and Economic Assistance for Development (AHEAD) Program allows our members to support targeted economic development projects and non-AHP-eligible housing initiatives that:
Effective this year, the AHEAD Program will no longer provide grants for housing projects that would be eligible for subsidy from the Bank’s Affordable Housing Program (AHP). Non-AHP-eligible housing initiatives will still be considered for AHEAD funding.
Applications for AHEAD will be accepted between May 10 and June 10, 2013. Only Bank members may submit applications for AHEAD grants. The Bank plans to notify members and their community partners of the amount of funds, if any, awarded to their projects in early September 2013.
Individual grants are expected to average between $20,000 and $50,000 and can be used to finance a wide variety of start-up costs, such as studies and project plans, consulting or professional services, and organizational or capacity-building activities.
Since 2004, the Bank has awarded more than $5 million in AHEAD funds to 192 projects and programs in Arizona, California, and Nevada. Last year, AHEAD grants were awarded to 18 members for 30 important and timely initiatives that address a wide range of needs and populations, such as job training and employment readiness targeted to veterans, developing creativity among incarcerated youth, and creating a leadership institute for members of business cooperatives.
I encourage you to participate in our AHEAD Program, which helps to promote stability and self-sufficiency in our communities. For more information about the AHEAD Program, application process, or previous award recipients, please visit our website. If you have additional questions, contact the Bank’s Community Investment Department at (415) 616-2542 or email email@example.com.
President and Chief Executive Officer