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FHLBank San Francisco Awards $175,000 in Grants for Pandemic Restoration, Financial Growth in Nevada

Funding will support 7 non-profit organizations

SAN FRANCISCO, Oct. 19, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of San Francisco made $ 175,000 in grants to seven Nevada nonprofits as part of its AHEAD 2021 program. The grants, which are made available through FHLBank San Francisco’s local financial institutions, are designed to advance innovative business and community development initiatives that provide greater opportunities for underserved populations.

Through the AHEAD program, the members of the bank promote local programs and projects that address urgent needs. The fellows support various priority beneficiaries, including those looking for accommodation; Services for people affected by homelessness; Educational programs for schools, students and teachers; and training programs for workers in a variety of sectors including childcare, construction and healthcare.

“Communities across Nevada have faced an onslaught of challenges in the past 18 months, many of which will have long-term economic implications,” said Teresa Bazemore, president and CEO of FHLBank San Francisco. “Our AHEAD program was launched in 2004 to provide valuable resources to help our communities address such challenges. The need for innovative initiatives and services has never been so important, and we are proud to be able to offer this support. “

This year, nine applications were received from Nevada nonprofits, and seven successful applicants were awarded grants of $ 25,000 each through six participating local lender members.

“From job creation to employee training, from financial literacy to providing resources to underserved populations, this year’s grant recipients exemplify the intent of the AHEAD program,” said Marietta Núñez, senior vice president and community investment officer at FHLBank San Francisco. “The winners stand for innovative, targeted initiatives that create economic opportunities by expanding proven development models or trying out new interventions.”

AHEAD Program Winner 2021 with $ 25,000:

The story goes on

  • Safe Nest (funded by the Bank of George), the largest provider of shelter, advocacy, and counseling for domestic violence victims in southern Nevada. AHEAD will provide direct financial support to survivors for rent, deposits, utilities, childcare costs and transit passes.

  • The Foundation for Public Education (Sponsored by Wells Fargo National Bank West), which provides programs and resources to serve students, families, and educators in public schools in southern Nevada. The scholarship provides operational support and grants for program participants who wish to become teachers.

  • St. Jude’s Ranch for Children (sponsored by Toyota Financial Savings Bank), an inpatient care facility that provides accommodation and services to foster children and foster children of transition age who are at risk of homelessness. The AHEAD scholarship supports a project that helps young people acquire valuable professional skills such as customer service, inventory control and cash management in a thrift store on campus.

  • Chicanos Por La Causa Nevada Inc. (sponsored by Western Alliance Bank), which provides housing, financial education and empowerment programs, and social services to underserved Nevada residents. The AHEAD grant will support a project that will provide education and human resource development to people affected by homelessness in Las Vegas, including professional skills in construction or other in-demand industries, career guidance, and employment support services.

  • Nevada Partners Inc. (sponsored by Toyota Financial Savings Bank), providing education, human resource development, financial literacy, and housing programs and services to low- and middle-income children, families, and others in West Las Vegas. The grant will help provide operational support and allow the organization to recruit additional staff focused on health care professions, as well as the cost of paid work experience or professional training for the participants.

  • Andson Inc. (sponsored by Silver State Schools Credit Union), which provides mentoring, tutoring, and financial education to students in southern Nevada. Funds from the AHEAD scholarship will be used to pay for staff, curriculum expenses, organizational expenses, and materials for a project providing 400 low-income elementary school students in Clark County with financial literacy lessons that focus on money management, financial goal setting, and the benefits of a college savings account .

  • Southern Nevada Catholic Charities (sponsored by Meadows Bank)providing food, shelter, and comprehensive services to vulnerable community members. The AHEAD grant will help cover the cost of staff and administrative support for a program that helps homeless men achieve and maintain self-sufficiency by providing housing, life skills courses, access to free nutrition programs, and intensive case management.

A full list of this year’s AHEAD scholarship holders and more information about the program can be found at fhlbsf.com.

Since 2004, the bank has awarded $ 20 million in AHEAD program grants to support over 660 community projects and programs in Arizona, California and Nevada.

Via the Federal Home Loan Bank of San Francisco

The Federal Home Loan Bank of San Francisco is a member-operated cooperative that helps local lenders in Arizona, California, and Nevada empower communities, create opportunities, and change lives for the better. The tools and resources we make available to our member financial institutions – commercial banks, credit unions, industrial credit companies, savings institutions, insurance companies, and community development financial institutions – promote home ownership, expand access to quality housing, and promote economic development. Together with our members and other partners, we make the communities we serve more alive, fairer and more resilient.

CONTACT: Media contact: Mary Long, longm@fhlbsf.com, (415) 572-6717

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