FHLBank San Francisco awards $ 175,000 in grants for pandemic recovery and economic development in Nevada

Funding will support 7 non-profit organizations

SAN FRANCISCO, October 19, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of San Francisco has awarded $ 175,000 in grants to seven Nevada nonprofits as part of its 2021 AHEAD program. The grants, awarded through local financial institutions that are members of FHLBank San Francisco, aim to promote innovative economic and community development initiatives that provide better opportunities for underserved populations.

Thanks to the AHEAD program, Bank members stimulate local programs and projects targeting urgent needs. Grant recipients support a variety of priority recipients, including housing applicants; services for homeless people; educational programs for schools, students and teachers; and workforce training programs in various sectors, including child care, construction and health care.

“Nevada’s communities have faced a multitude of challenges over the past 18 months, many of which will have long-term economic impacts,” said Teresa Bazemore, President and CEO of FHLBank San Francisco. “Our AHEAD program was created in 2004 to provide valuable resources to help our communities meet such challenges. Never has the need for innovative initiatives and services been so critical, and we are proud to provide this support.

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

“From job creation to workforce training, from financial education to providing resources to underserved populations, this year’s grantees exemplify the intent of the AHEAD program,” said Marietta Núñez, Senior Vice President and Head of Community Investments at FHLBank San Francisco. “The winners represent innovative and targeted initiatives that will create economic opportunities by developing proven development models or by piloting new interventions. “

Winners of the 2021 AHEAD program of $ 25,000:

  • Safe Nest (Sponsored by Bank of George), the largest provider of accommodation, advocacy and counseling for victims of domestic violence in southern Nevada. AHEAD will fund direct financial assistance to survivors for rent, security deposits, help with utilities, childcare costs, and transit passes.

  • The Foundation for Public Education (Sponsored by Wells Fargo National Bank West), which offers programs and resources to help public school students, families and educators in southern Nevada. The grant will provide operational support and stipends to program participants who wish to become teachers.

  • St. Jude Children’s Ranch (sponsored by Toyota Financial Savings Bank), a residential foster home that provides housing and services to foster children and young people in foster care of transitional age at risk of homelessness. The AHEAD grant will support a project that helps young people learn valuable job skills such as customer service, inventory control and cash management at a thrift store on campus.

  • Chicanos Por La Causa Nevada Inc. (Sponsored by Western Alliance Bank), which offers housing, financial education and empowerment programs, as well as social services to underserved residents of Nevada. The AHEAD grant will support a project providing homeless people in Las Vegas with education and workforce development, including job skills in construction or another in-demand industry, career counseling and career services. employment assistance.

  • Nevada Partners Inc. (Sponsored by Toyota Financial Savings Bank), which provides education, workforce development, financial literacy and housing programs and services to low and moderate income children, families and other people in West Las Vegas. The grant will help provide operational support and allow the organization to hire additional staff focused on healthcare careers, as well as support paid work experience or professional training costs for participants.

  • Andson Inc. (Sponsored by Silver State Schools Credit Union), which provides mentoring, tutoring, and financial education services to students in southern Nevada. AHEAD grant funds will be used for staff, curriculum expenses, organizational costs and supplies for a project providing 400 low-income elementary school students in Clark County with financial literacy classes in class focused on money management, how to set financial goals, and the benefits of an education savings account.

  • Southern Nevada Catholic Charities (sponsored by Meadows Bank), which provides food, shelter and comprehensive services to vulnerable members of the community. The AHEAD grant will help cover the staff and administrative support costs of a program helping homeless men achieve and maintain their independence by providing them with housing, life skills training, access to free food programs and intensive case management.

Full list of this year’s AHEAD scholarship winners and more information about the program is available at fhlbsf.com.

Since 2004, the Bank has awarded $ 20 million in AHEAD program grants to support more than 660 nonprofit projects and programs in Arizona, California and Nevada.

About the Federal Home Loan Bank of San Francisco

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

CONTACT: Media Contact: Mary Long, [email protected], (415) 572-6717
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