Community Vision partners with FHLBank San Francisco to award $5.95MM to support 225 Affordable Housing units across the Bay Area. July 30, 2026 Affordable Housing Program grants will support new and preserved housing in San José, San Francisco, and Oakland FOR IMMEDIATE RELEASE Community Vision has partnered with Federal Home Loan Bank of San Francisco (FHLBank San Francisco) to deliver a total of $5.95 million in Affordable Housing Program grants to Abode Housing Development, Chinatown Community Development Center, and East Bay Asian Local Development Corporation. The grants will support the creation or preservation of 225 affordable homes in San José, San Francisco, and Oakland, expanding access to safe, stable housing for individuals and families across the Bay Area. "Meeting California's housing needs takes collaboration across the public, private, and nonprofit sectors," said Catherine Howard, President of Community Vision. "These Affordable Housing Program grants demonstrate what's possible when mission-driven financial institutions and community developers work together to invest in long-term housing solutions. We're honored to partner with FHLBank San Francisco and our development partners to help make these projects possible." AHP grants contribute to the development, preservation, and rehabilitation of single-family and multifamily housing for people with low incomes and others facing barriers to stable housing. This includes families, seniors, veterans, people experiencing homelessness, at-risk youth, people living with disabilities or mental health challenges, and people recovering from substance use disorders. FHLBank San Francisco's member financial institutions work in partnership with community-based housing developers to compete for AHP General Fund grants by submitting applications for specific projects in an annual funding competition. In total for the 2026 program cycle the Bank's AHP awarded funding for 45 affordable housing projects, including 34 in California, five in Arizona, and six in Nevada. The awarded projects include: * Abode Housing Development - Algarve Community Apartments (San José): $2 million grant. This new eight-story, transit-oriented development will create 90 affordable homes, including 60 reserved for formerly homeless households. The project includes Veterans Affairs Supportive Housing vouchers for eligible residents and improvements to the surrounding neighborhood such as new sidewalks, street trees, bike parking, and streetlights. * Chinatown Community Development Center - 1303 Larkin Street (San Francisco): $2 million grant. This rehabilitation project will bring 67 affordable homes to seniors in Nob Hill, adding five new apartments, converting existing Single Room Occupancy (SRO) units into studio and one-bedroom homes with in-unit kitchens, and upgrading shared community spaces while preserving long-term affordability. * East Bay Asian Local Development Corporation - 430 Broadway Building A (Oakland): $1.95 million grant. This development will create 65 affordable homes for very low- and low-income seniors, including 17 permanent supportive housing units for seniors experiencing or at risk of homelessness. The project is the first phase of a larger redevelopment that will ultimately create more than 400 affordable homes on Alameda County-owned land. "Partnerships like these, including Community Vision and local developers such as Abode Housing Development, Chinatown Community Development Center, and East Bay Asian Local Development Corporation, are essential to increasing the supply of affordable housing and improving access to housing across the communities we serve," said Tom Dapice, Community Investment Officer at FHLBank San Francisco. "By working closely with our members and their community partners, we are able to support financing that helps bring new housing to market and preserve existing homes, expanding opportunity and helping ensure more individuals and families can afford a stable place to live." To date, Community Vision has partnered with FHLBank San Francisco to award over $15.6 million in AHP grants, supporting the creation or preservation of 913 affordable homes across the Bay Area. Media Contact: Matias Bernal Vice President of Development 415-392-8215 [email protected] About Community Vision: Founded in 1987 as the Northern California Community Loan Fund, Community Vision advances community ownership of community assets across California. Through lending, advising, and partnership, Community Vision support nonprofits and community-rooted organizations in securing the spaces that help communities thrive and build long-term stability. To date, Community Vision has invested more than $672 million in financing, leveraged over $3.4 billion, and distributed more than $39 million in grants. Community Vision is a nonprofit community development financial institution (CDFI) and an Equal Opportunity Provider. About the Federal Home Loan Bank of San Francisco: The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources Community Vision provide to its member financial institutions - commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions - propel homeownership, finance quality affordable housing, boost economic vitality, and revitalize whole neighborhoods. Together with its members and other partners, Community Vision is making the communities Community Vision serve more vibrant and resilient and changing lives for the better.

U.S. Rep. Min joins FHLBank San Francisco and the Orange County Business Council for Affordable Housing roundtable in Irvine. GlobeNewswire | Federal Home Loan Bank of San Francisco Today at 6:12pm PDT IRVINE, Calif., April 24, 2026 (GLOBE NEWSWIRE) - U.S. Rep. Dave Min (CA-47) today joined the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) in partnership with the Orange County Business Council, local housing leaders and community partners for an affordable housing roundtable in Irvine. The roundtable focused on housing solutions that Congress can pursue to increase housing supply, improve affordability and reduce homelessness in Orange County. Participants discussed strategies to advance housing development, leverage public-private partnerships and address financing and regulatory barriers that continue to constrain housing supply. "Orange County is facing a housing crisis which is threatening our economic future," said Rep. Min. "The average home here costs over $1.4 million, and the high cost of housing is the number one reason people are leaving our region and the number one driver of homelessness in the OC. I'm grateful to the Federal Home Loan Bank of San Francisco and the Orange County Business Council for hosting today's discussion on how we can address this affordability crisis, and I learned so much from the many key stakeholders who participated. This is exactly the type of broad-based coalition of federal, state, and local leaders we will need to solve this affordable housing problem." During the roundtable, participants also emphasized the importance of continued federal support for housing finance programs and the role of mission-driven institutions in closing funding gaps for affordable housing developments. "We're actively partnering with congressional leaders, our member financial institutions and community organizations to invest in solutions that expand the supply of affordable housing," said Winthrop Watson, interim president and CEO of FHLBank San Francisco. "With housing costs remaining high across our region, this level of collaboration is essential, and together we're focused on driving real progress to meet the urgent need for affordable housing." FHLBank San Francisco supports affordable housing initiatives across its district of California, Arizona, and Nevada. Earlier this year, the Bank committed up to $45.7 million in voluntary grant funding for 2026, doubling the bank's voluntary contribution rate from approximately 5% to 10% of prior-year net income. This increased commitment will significantly expand support for affordable housing supply, homeownership opportunities and community development across its three-state district. "Affordable housing availability in Orange County has become a workforce retention issue and a critical factor in our region's long-term economic health," said Paul Simonds, senior vice president and chief operating officer of the Orange County Business Council. "As the shortage of affordable housing grows, businesses face challenges retaining workers who can no longer afford to live near their jobs. Public-private partnerships that expand affordable housing supply are essential to attracting talent, stabilizing the workforce, and sustaining economic growth." In addition to Rep. Min and his staff, roundtable participants included: * Rep. Dave Min (CA-47) * Stephanie Cuevas, California and Nevada Credit Union Leagues * Irma Gorrocino, California and Nevada Credit Union Leagues * Robert Hartman, Home Smart * Paul Simonds, Orange County Business Council * Mary Jane Cambria, Orange County REALTORS * Janet Keo Conklin, Orange County REALTORS * Robert Hartman, Orange County REALTORS * Collin Powers, Orange County REALTORS * Susan Sanders, Orange County REALTORS * Sabrina Rabanal, Schools First Credit Union * Emy Farrow-German, Southern California Association of Non-Profit Housing * Aisha Mansoor, Southern California Association of Non-Profit Housing * Cesar Covarrubias, The Kennedy Commission * Carina Hollis, Wescom Credit Union * Kelly Gear, Federal Home Loan Bank of San Francisco * Anabel Cuevas, Federal Home Loan Bank of San Francisco Since 1990, FHLBank San Francisco has awarded more than $1.4 billion in Affordable Housing Program grants to support the construction, rehabilitation or purchase of more than 156,600 homes affordable to lower-income households. Together, the 11 regional Federal Home Loan banks make up one of the largest privately capitalized sources of grant funding for affordable housing in the United States. About the Federal Home Loan Bank of San Francisco The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources Forest Grove News-Times provide to its member financial institutions - commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions - propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with its members and other partners, Forest Grove News-Times is making the communities Forest Grove News-Times serve more vibrant and resilient. This is a paid placement. 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