East Bay Asian Local Development Corporation builds healthy, vibrant, and safe neighborhoods in Oakland and the greater East Bay. The Lion Creek Crossings affordable housing development, located in an area with some of the lowest incomes in the region, is a catalyst for community renewal and a place where families and seniors have an opportunity to connect with one another and with services and programs that help them thrive.
In the 2017 funding competition, the Bank awarded $73.6 million in AHP grants through 20 members. The funds will support 89 projects that will create more than 6,200 units of affordable housing in seven states. Since 1990, the Bank has awarded more than $1 billion in grants to support affordable rental and homeownership opportunities for lower-income households.
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. Community Support Statements are due by December 31, 2017.
The FDIC’s Affordable Mortgage Lending 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.
Community Development Resources Symposium - Northern Nevada
September 22, 2017
The Bank is hosting a Community Development Resources Symposium in Reno, Nevada, to share information about our Community Programs. This half-day symposium is an opportunity to learn about the Bank’s affordable housing, first-time homebuyer, and economic development grant programs and discounted credit programs.
The Southern California Association of Non Profit Housing’s annual conference brings together advocates, consumers, builders, lenders, lawmakers, and other leaders in Southern California’s affordable housing community. SCANPH is the leading advocacy and membership organization for nonprofit affordable housing developers in Southern California.
The Bank is a sponsor of the OC Housing Summit, hosted by NeighborWorks Orange County. The OC Housing Summit is the largest affordable housing event in Orange County and will bring leaders in the industry together to examine best practices and strategize on public policy, partnerships, funding, and creative development projects.
The Bank is a sponsor of Intersections 2017, an annual conference hosted by the Grounded Solutions Network, a nonprofit that promotes innovative affordable housing solutions at the local, regional, and national levels. The conference will explore how organizations can work collectively to create inclusive communities that include diverse affordable housing options, including community land trusts, self-help models, and other housing programs.