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News Release

November 15, 2007
 
Federal Home Loan Bank of San Francisco Supports Habitat for Humanity’s 2007 Jimmy Carter Work Project in Los Angeles
 
San Francisco – Federal Home Loan Bank of San Francisco lent its support to Habitat for Humanity’s 24th annual Jimmy Carter Work Project the week of October 28 – November 2, 2007, in Los Angeles. During the project, thousands of volunteers from around the world joined former U.S. President Jimmy Carter and his wife, Rosalynn, in building 30 new homes and rehabilitating another 70 nearby houses.

Through its members, the Federal Home Loan Bank of San Francisco awarded two Affordable Housing Program (AHP) grants, totaling $600,000, to complete 30 of the housing units. Together, FHLBank San Francisco and City National Bank of Los Angeles, a member institution and AHP participant, also sent 33 volunteers to help with the construction of new homes.

The Habitat homes are being built in partnership with 30 low-income families in South Los Angeles and also in the San Pedro section of the city near the port. Families will pay a no-profit mortgage for the homes. Mortgage payments will be recycled to build even more simple, decent, and affordable housing in the Los Angeles area. Seventy homes in those two neighborhoods, already owned by low-income families, were repaired though Habitat’s “A Brush With Kindness” program.

To help additional low-income families in one of the most expensive and overcrowded metropolitan areas in the United States, Habitat for Humanity Greater Los Angeles made a three-year commitment to build and repair 150 additional homes throughout the area.

“We’re helping to make a difference in the lives of families in need by supporting this project,” said Lawrence H. Parks, Senior Vice President for External and Legislative Affairs at the Federal Home Loan Bank of San Francisco. “Together, we are building strong communities where people have a simple, decent place to call home.”

The Carters are Habitat’s most famous volunteers. Each year since 1984, the Carters have given one week of their time to build homes and raise awareness about the need for simple, decent and affordable housing.  Previous JCWP events have been held in New York City, Georgia, Michigan, the Philippines, Hungary, South Korea, and South Africa. Habitat’s project with the Carters in 2008 will be held along the U.S. Gulf Coast. 

About Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote community economic development. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, thrift and loans, and insurance companies headquartered in Arizona, California and Nevada. The Federal Home Loan Bank of San Francisco is one of 12 regional banks in the FHLBank System, which is celebrating 75 years of service to members and communities this year.

About Habitat for Humanity of Greater Los Angeles
HFH GLA (www.habitatla.org) strives to eliminate poverty housing through advocacy, education and partnership with families in need to build simple, decent affordable housing. Since 1990, HFH GLA has built more than 190 homes, transforming the lives of hundreds of individuals. In the spring of 2007, HFH GLA kicked off its three-year Building a Greater Los Angeles campaign to build or renovate over 250 homes in Los Angeles County.

About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 225,000 houses worldwide, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit www.habitat.org.
© 2000-2008 Federal Home Loan Bank of San Francisco
Federal Home Loan Bank of San Francisco

News Release

November 15, 2007
 
Federal Home Loan Bank of San Francisco Supports Habitat for Humanity’s 2007 Jimmy Carter Work Project in Los Angeles
 
San Francisco – Federal Home Loan Bank of San Francisco lent its support to Habitat for Humanity’s 24th annual Jimmy Carter Work Project the week of October 28 – November 2, 2007, in Los Angeles. During the project, thousands of volunteers from around the world joined former U.S. President Jimmy Carter and his wife, Rosalynn, in building 30 new homes and rehabilitating another 70 nearby houses.

Through its members, the Federal Home Loan Bank of San Francisco awarded two Affordable Housing Program (AHP) grants, totaling $600,000, to complete 30 of the housing units. Together, FHLBank San Francisco and City National Bank of Los Angeles, a member institution and AHP participant, also sent 33 volunteers to help with the construction of new homes.

The Habitat homes are being built in partnership with 30 low-income families in South Los Angeles and also in the San Pedro section of the city near the port. Families will pay a no-profit mortgage for the homes. Mortgage payments will be recycled to build even more simple, decent, and affordable housing in the Los Angeles area. Seventy homes in those two neighborhoods, already owned by low-income families, were repaired though Habitat’s “A Brush With Kindness” program.

To help additional low-income families in one of the most expensive and overcrowded metropolitan areas in the United States, Habitat for Humanity Greater Los Angeles made a three-year commitment to build and repair 150 additional homes throughout the area.

“We’re helping to make a difference in the lives of families in need by supporting this project,” said Lawrence H. Parks, Senior Vice President for External and Legislative Affairs at the Federal Home Loan Bank of San Francisco. “Together, we are building strong communities where people have a simple, decent place to call home.”

The Carters are Habitat’s most famous volunteers. Each year since 1984, the Carters have given one week of their time to build homes and raise awareness about the need for simple, decent and affordable housing.  Previous JCWP events have been held in New York City, Georgia, Michigan, the Philippines, Hungary, South Korea, and South Africa. Habitat’s project with the Carters in 2008 will be held along the U.S. Gulf Coast. 

About Federal Home Loan Bank of San Francisco
The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community investment programs that help members create affordable housing and promote community economic development. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, thrift and loans, and insurance companies headquartered in Arizona, California and Nevada. The Federal Home Loan Bank of San Francisco is one of 12 regional banks in the FHLBank System, which is celebrating 75 years of service to members and communities this year.

About Habitat for Humanity of Greater Los Angeles
HFH GLA (www.habitatla.org) strives to eliminate poverty housing through advocacy, education and partnership with families in need to build simple, decent affordable housing. Since 1990, HFH GLA has built more than 190 homes, transforming the lives of hundreds of individuals. In the spring of 2007, HFH GLA kicked off its three-year Building a Greater Los Angeles campaign to build or renovate over 250 homes in Los Angeles County.

About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 225,000 houses worldwide, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit www.habitat.org.


© 2000-2008 Federal Home Loan Bank of San Francisco