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Tri Counties Bank and FHLBank San Francisco Award Over $2.2 Million in Grants Towards Affordable Housing
CHICO, Calif.--(BUSINESS WIRE)-- Tri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and its
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[{"type":"text","content":" CHICO, Calif.--(BUSINESS WIRE)--\nTri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and its Affordable Housing Program (AHP) General Fund, awarded grants totaling more than $2.2 million to Rural Communities Housing Development Corporation (RCHDC) and The Kelsey (in partnership with Mercy Housing California).\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240813226524/en/A rendering of The Kelsey Civic Center, which will be built across from San Francisco’s City Hall. Photo Credit: The Kelsey.\n“Tri Counties Bank is delighted to collaborate with the FHLBank San Francisco in support of more affordable housing throughout California,” said Rick Smith, President and CEO of Tri Counties Bank. “These grants, along with the dedicated efforts and partnership of local organizations, will make a significant impact in the lives of seniors and those with disabilities in our communities.”\n\n\nRCHDC’s mission is “to provide decent and affordable housing to low- and moderate-income individuals.” The $660,000 grant will benefit Sunrise Cottages, a community of 44 one-bedroom units in Anderson, Calif., located in rural Shasta County, for low-income seniors, including those transitioning out of homelessness. Residents will have access to vital support services and the property will be conveniently located near local essential services and amenities, such as a senior center, grocery stores, and a pharmacy.\n\n\nThe Kelsey, a national nonprofit organization, co-develops affordable, accessible, and inclusive housing – termed “disability-forward” housing – for people with and without disabilities. In partnership with Mercy Housing California, their $1.6 million grant will help to construct The Kelsey Civic Center, located directly across from San Francisco's City Hall. This development will create 112 units of affordable housing for low-income individuals and families, 28 of which will be reserved for individuals with disabilities who use Home and Community-Based Services. The building will be an all-electric, low-carbon building with amenities including, community rooms, bike parking, and support services, including The Kelsey’s live-in Inclusion Concierge.\n\n\n“This year’s AHP grants nearly double our investment over last ye...