FHLBank San Francisco Gathers Housing Experts to Address

SAN FRANCISCO, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of San Francisco gathered public officials, housing experts, and financial institutions for its third Homeownership Solutions Summit in Reno, Nevada, on January 24 to address the state’s severe and longstanding affordable housing crisis. Nevada ranks as the worst state for affordable housing in the U.S., and the summit offered an opportunity to explore challenges and identify solutions. Part of FHLBank San Francisco’s four-city summit series, the event assembled housing and mortgage finance industry stakeholders to share ideas, explore best practices, and coordinate public and private collaboration to better address the urgent demand for affordable and sustainable homeownership opportunities.

“Financial education, including understanding how to access and make the most of available downpayment assistance resources, is a key element of ensuring that aspiring homebuyers have equal access to all the information they need to buy a home and sustain homeownership,” said Teresa Bryce Bazemore, president and CEO of FHLBank San Francisco. “It’s clear that everyone in attendance is committed to ensuring Nevadans can access these resources to build a stronger generation of homeowners. FHLBank San Francisco is proud to continue hosting these important discussions.”

A key topic of the summit was financial literacy. In 2017, Nevada became one of the first states to require that financial education be available to students starting in the third grade. The stakeholders agreed that an even stronger foundation for a new generation of homeowners could be built by expanding the program to begin as early as kindergarten and offering more resources.

“A strong foundation of financial literacy, from budgeting to investing, is one of the first steps in helping the next generation of Nevadans achieve homeownership,” said Wally Murray, president and chief executive officer of Greater Nevada Credit Union. “The conversations are critical to rebuilding Nevada’s economic landscape, and I applaud FHLBank San Francisco for bringing together people who are ready to make a change.”

The role of downpayment and closing cost assistance was another key discussion during the summit. FHLBank San Francisco has seen the benefit of these programs and distributed $16.1 million in downpayment assistance to help nearly 1,200 families and individuals become homeowners. However, in recent years, the opportunities of providing downpayment assistance have been more difficult to leverage, especially for lower-income families and individuals, as those same programs come with maximum grant restrictions at the same time that the cost of homes has continued to significantly increase.

“Homeownership is one of the primary ways families build wealth, making downpayment assistance a necessary requirement of advancing Nevada’s economic agenda,” said Christine Hess, executive director of Nevada Housing Coalition. “We need collaboration from both public and private partnerships to address Nevada’s affordable housing crisis and help give more Nevadans a place to call home.”

Strides have already been taken to help address Nevada’s affordable housing shortage. FHLBank San Francisco was an early funder of the Nevada Housing Coalition, helping to get the new organization off the ground with a grant in 2020 to target capacity-building. The Bank recently launched its new Affordable Housing Program (AHP) Nevada Targeted Fund competition, aimed at directing additional resources to help alleviate the lack of housing available to Nevada’s lower-income families and vulnerable populations.

Other key topics from the Summit presentations and discussions included:

  • Housing challenges on the ground in Reno and statewide
  • Racial equity in homeownership, particularly among Black households
  • Support and guidance for renters to achieve homeownership

Building on the momentum of this event and previous events in Sacramento and Los Angeles, California, FHLBank San Francisco will host a fourth Homeownership Solutions Summits in Phoenix, Arizona, in March 2023.

For additional information on FHLBank San Francisco’s ongoing investment in affordable housing development, downpayment assistance for first-time homebuyers, economic development for underserved communities, and advancing racial equity in homeownership, please visit #' FHLBank CEO Teresa Bazemore Speaks at Homeownership Solutions Summit in Reno FHLBank CEO Teresa Bazemore Speaks at Homeownership Solutions Summit in Reno on January 24.

TIN LIÊN QUAN

From Tiny Homes to Multigenerational Living,

Presented by KornerPocket Billiardz...

CAI Awarded Prestigious Public Affairs Council Award for

Falls Church, Va., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI) is honored to receive the 2022 Lobbying Strategy Innovation...

Legacy Housing Corporation Announces Timing of Fourth

BEDFORD, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the 'Company” or “Legacy', NASDAQ: LEGH) will release earnings for the...

Study: Renting Beats Buying in Vast Majority of U.S.

Economists Say Falling Home Prices Are Still Too High...

ACAMS Law Enforcement Seminar Spotlights Investigative

The two-day virtual seminar will offer practical investigative guidance from high-level representatives of the FBI, DEA, IRS-CI, HSI, USSS, USPIS, and...

THỦ THUẬT HAY

Hướng dẫn trải nghiệm tính năng Google Chrome Duplex

Google đang thử nghiệm tính năng mới nhằm hỗ trợ người dùng tốt hơn khi trải nghiệm trình duyệt với một tay, với tính năng Google Chrome Duplex giúp thay đổi giao diện ở thanh toolbar. Trong phiên bản thử nghiệm này,

Phiên bản tùy chỉnh nhỏ gọn của Windows 11 được phát hành

Windows 95 chiếm ít hơn 100 MB khi cài đặt. Tuy nhiên, một bản cài đặt Windows 11 sạch sẽ cần khoảng 20 GB. Không ai nghi ngờ rằng phần mềm sẽ cần nhiều dữ liệu hơn khi công nghệ tiến lên phía trước, nhưng nhiều người

Bạn gõ tiếng Việt theo kiểu Telex hay VNI, có hài lòng với nó không?

Những dòng chữ tiếng Việt này được mình gõ trên máy tính theo kiểu telex. Mình dùng kiểu gõ này cho cả máy tính lẫn trên điện thoại, máy tính bảng.

Hướng dẫn download video Facebook về máy tính

Trong quá trình lướt Facebook gặp những video hay nhưng không có thời gian xem luôn hoặc do đường truyền mạng kém load video mãi không được. Vậy tốt nhất hãy download về máy tính để xem bất cứ khi nào bạn muốn.

Cách làm pizza tại nhà bằng nồi chiên không dầu cực đơn giản

Món pizza thoạt nghe thì phức tạp, nhưng chỉ cần mua được đế bánh làm sẵn có và sở hữu một nồi chiên không dầu cỡ lớn là bạn sẽ có thể làm được món bánh ngon lành này rất dễ dàng.

ĐÁNH GIÁ NHANH

Đánh giá thời lượng pin Galaxy A7 2017: dùng cực “trâu”, sạc cực nhanh

Cùng đánh giá thời lượng pin Galaxy A7 2017 để xem với dung lượng pin tới 3.600 mAh, chiếc phablet này sẽ đem tới cho người dùng trải nghiệm như thế nào nhé!

Trên tay và đánh giá nhanh iPhone Xs vừa ra mắt

Về độ bền bỉ, iPhone còn có thể kháng nước – bụi ở nhiều trường hợp khác nhau như chẳng may làm đổ nước vào máy, sử dụng ở điều kiện ẩm ướt, đi bụi nhờ tiêu chuẩn IP68 cao nhất.

Realme 7i: Trải nghiệm nhiều tính năng cao cấp với giá hợp lý

Realme 7i được coi là một phiên bản rút gọn của Realme 7 và Realme 7 Pro. Tuy nhiên, điều đó không khiến chiếc máy này bị cắt giảm quá nhiều các tính năng hay ngoại hình kém hấp dẫn hơn. Chúng ta vẫn có một smartphone