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Federal Home Loan Bank of San Francisco awarded $1.5 million in grants through their 2016 AHEAD program—and three of the winners are Beneficial State Bank community partners!

Blog Post | September 12, 2016


On September 7, the Federal Home Loan Bank of San Francisco announced that they awarded $1.5 million in grants through their 2016 AHEAD Program. The program, designed for Bank members who work with community groups, offers funding for “targeted economic development projects and non-AHP-eligible housing initiatives that create benefits for low- and moderate-income communities.”

Beneficial State Bank helped prepare eight grant applications, three of which were approved. In total, FHLB-SF considered 197 applications that requested a sum of nearly $9 million.

Congratulations to these organizations for qualifying for this year’s AHEAD grants. We’re proud to support your efforts to provide affordable housing, low-cost legal services, and career training for Oakland residents.

Rebuilding Together-Oakland
East Bay Community Law Center (EBCLC)
Civicorps Schools

You can visit the Federal Home Loan Bank’s website to view a list of this year’s winners and learn more about the organizations and initiatives these grants will fund.

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