After a painful foreclosure experience in Stockton, California, the Huerta family were able to reclaim their dream of homeownership thanks to a lease-to-own program from Visionary Home Builders and a $15,000 matching grant from the Bank’s IDEA Program.
AHEAD grants provide funding for targeted economic development projects and housing initiatives that benefit lower-income communities. The deadline for members to submit applications for the 2017 AHEAD Program is June 1.
In March 2017, the Bank announced that it will direct a $100 million donation to the Quality Jobs Fund, a donor-advised fund designed to address the problem of income inequality through quality job creation and skills upgrading for working people in struggling communities. Developed in partnership with the Aspen Institute and New World Foundation, the Quality Jobs Fund will fund experienced, well qualified organizations that provide expansion capital to underserved segments of the small business market or that successfully upskill workers. Interested parties can review eligibility criteria and submit an inquiry online.
The FDIC’s Affordable Lending Mortgage Guide organizes information about programs and products from a variety of sources to expand access to affordable mortgage credit for low- and moderate-income people and communities. Affordable Mortgage Lending Guide, Part III: Federal Home Loan Banks provides an overview of affordable housing, community investment, and mortgage purchase programs and products offered by the 11 FHLBanks.
Once every two years our member financial institutions are required to document their community support activities for the Federal Housing Finance Agency. A list of members subject to Community Support Review this year is now available.
Hosted by Homeownership SF, the San Francisco Housing Expo helps potential homeowners connect with local resources and opportunities for affordable homeownership. The Bank is a sponsor of this annual event, and member and Community Programs user MUFG Union Bank will share information about our WISH and IDEA first-time homebuyer programs.
The Bank is a sponsor of the Korean Churches for Community Development 16th Annual Homeownership Fair in Los Angeles. The event brings together mortgage experts, government housing agencies, and financial institutions to share information about homeownership resources with members of the community. KCCD is a nonprofit housing counseling organization focused on Asian American communities in Southern California.
Little Tokyo Service Center 11th Annual Sake & Food Tasting Event
July 21, 2017
The Bank is a co-sponsor of Little Tokyo Service Center’s 11th Annual Sake & Food Tasting Event in Los Angeles. This festive fundraiser is an opportunity to sample dishes from local restaurants and taste a wide variety of sake, shocu, and beer from domestic and international brewers. Entertainment will be provided by local musicians and artists. The organization’s Executive Director, Dean Matsubayashi, is a member of the Bank’s Affordable Housing Advisory Council.