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Bulletins and Notices
Bulletin No. 1453 | May 9, 2014

2014 AHEAD Program: Apply May 9 - June 9

To All Members and Interested Community Groups:

The Bank’s Access to Housing and Economic Assistance for Development (AHEAD) Program provides grants that allow our members to support targeted economic development projects and housing initiatives that are not eligible for Affordable Housing Program funds. AHEAD grants will be awarded to projects that:

  • create or preserve jobs,
  • facilitate improvements to public or private infrastructure, or
  • deliver social services, training or educational programs, or other services and programs that benefit low- and moderate-income communities.

Applications for AHEAD Program grants will be accepted between May 9, 2014, and June 9, 2014. Only Bank members may submit applications for AHEAD grants. The Bank plans to announce this year’s AHEAD Program grant recipients in early September 2014.

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.

The AHEAD Program offers an opportunity for Bank members to strengthen relationships with nonprofit groups that have specific expertise in economic and community development. In 2013, AHEAD grants were awarded to 21 members for 33 initiatives, including job training and employment readiness targeted to at-risk youth, returning veterans, and released prisoners; bridging the digital divide in affordable housing; supporting economic development projects that address health issues; and easing the food hardship prevalent among low-wage service workers. Since 2004, the Bank has awarded more than $6.5 million in AHEAD funds to 231 projects and programs in Arizona, California, and Nevada.
 
I encourage you to participate in our AHEAD Program to help address pressing needs in our communities. For more information about the AHEAD Program, the 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 ahead@fhlbsf.com.
 
Sincerely,

 

Dean Schultz
President and Chief Executive Officer