With a boost from the Bank’s AHEAD Program, the Phoenix Indian School Visitor Center opened its doors in 2017 to offer arts, cultural, health, wellness, nutrition, and economic development programs to the area’s urban Native American community. Chef Maria Parra Cano and her husband Brian are using the Center’s commercial kitchen to bring food medicine to the people.
Made through the Bank’s member financial institutions, $1.5 million in AHEAD grants will help nonprofit organizations in Arizona, California, and Nevada advance innovative economic and community development initiatives and bring greater opportunity to underserved populations and neighborhoods.
The Bank awarded local government agencies and nonprofit Economic Development Districts a total of $781,250 in grants to launch targeted disaster recovery and resiliency initiatives in five communities affected by recent natural disasters: Butte County, Lake County, Shasta County, Sonoma County, and Yuba County.
In this short video, Wayne Bradshaw, CEO of Broadway Federal Bank, talks about the history of Broadway – it was founded in 1946 as a black-owned institution serving a community that was long shut out of conventional mortgage lending -- and how the bank is succeeding today by serving a broader low- to moderate-income market in high-cost Los Angeles.
In a presentation to attendees of LABC’s Annual Mayoral Housing, Transportation & Jobs Summit, Chief Banking Officer Stephen Traynor highlighted the economic impact of the lending activity of the Bank's members and how the Bank’s community programs support affordable housing and economic development in one of the country’s largest and most diverse metropolitan regions.
More than 50 attendees – including local lenders, affordable housing developers, and nonprofits with expertise in economic development – attended a half-day workshop at the East Las Vegas Library to learn about accessing the Bank's grants and discounted credit products to finance affordable housing and community development.
With community partners, local officials, and the development’s first residents, the Bank celebrated the grand opening of Bishop Street Studios on November 14, 2019. Bishop Street Studios is a visionary supportive housing project offering 33 new studio apartments to low-income adults with behavioral health needs in San Luis Obispo. The project received a $660,000 AHP grant through member Pacific Premier Bank.
Nevada HAND is celebrating the grand opening of Flamingo Pines Apartments, a mixed-income senior rental community, a mixed-income senior rental community with the majority of units targeted to low-income seniors. The project received a $530,000 AHP grant through member Charles Schwab Bank. Nevada HAND’s Director of Real Estate Development, David Paull, is a member of the Bank’s Affordable Housing Advisory Council.