FHLBank San Francisco Launches $1 Million Tribal Nations Program to Spur Affordable Housing Development for Native American Communities
SAN FRANCISCO, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced the launch of a new $1 million Tribal Nations Program that provides critically necessary infrastructure funding grants to increase the supply of affordable housing for Native American communities.
- SAN FRANCISCO, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced the launch of a new $1 million Tribal Nations Program that provides critically necessary infrastructure funding grants to increase the supply of affordable housing for Native American communities.
- Developing an infrastructure for tribal organizations to successfully access available development resources is a critical step for increasing the supply of affordable housing for Native American communities in our district.
- “Our Tribal people and communities experience a higher rate of homelessness and sub-standard living conditions with limited affordable housing opportunities.
- This $1 million Tribal Nations Program builds on FHLBank San Francisco’s ongoing support for affordable housing and economic development projects benefiting Native American communities, including, to date, over $20 million in grants from AHP projects that have created more than 1,600 affordable housing units for tribal communities and more than $1.1 million in AHEAD grants awarded to 32 economic development projects.