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2005 AHEAD Program Grant Recipients
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Location
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Member
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Sponsor
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Grant Amount
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| Phoenix, AZ |
Arrowhead Community Bank |
National Farm Workers Service Center, Inc. - Housing & Economic Development Fund |
$25,000 |
Project Description: Sunpointe Affordable Housing is the acquisition and renovation of a complex of 152 one- and two-bedroom apartments that will be renovated and sold as homeownership units at below-market rates. This project is part of a pooled acquisition of three separate sites totaling 794 units. The grant will fund predevelopment expenses for legal, appraisal, market study, environmental assessment and will provide salary for staff to assemble the financing.
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Location
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Sponsor
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Grant Amount
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| Camarillo, CA |
Affinity Bank |
Women's Economic Ventures |
$25,000 |
| Project Description: The program provides self employment and career development training, technical assistance, mentoring, and networking opportunities primarily to low- to moderate-income women. The grant will provide operational support for the Self Employment Training Program, which will increase the organization’s capacity to serve low-income individuals. |
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| Oakland, CA |
Silicon Valley Bank |
East Bay Asian Local Development Corp. |
$25,000 |
| Project Description: This two-phase project involves the purchase, rehabilitation, and revitalization of Jack London Gateway, a city-owned shopping center in West Oakland that will be jointly owned by the sponsor, a tenant, neighborhood advocacy group, and a commercial real estate property management company. The sponsor will develop a mixed-use project on a portion of the site combining affordable senior housing with office/retail space. The grant will fund the strategic plan for the shopping center and pay for architectural services to develop preliminary schematics for the commercial/senior housing component. |
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| Oakland, CA |
Citibank (West), FSB |
Unity Council |
$25,000 |
| Project Description: The Unity Council will create a worker-owned cooperative that will perform environmentally friendly landscaping services. The company will provide employment for Spanish-speaking immigrants and will serve as a model for replication nationwide. The grant will fund a portion of the start-up costs, which may include salaries for a business manager and marketing manager, as well as fund ongoing training and technical assistance. |
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Grant Amount
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| Paso Robles, CA |
Coast National Bank |
San Miguel Resource Connection |
$25,000 |
| Project Description: The sponsor will identify, acquire, and rehabilitate a property in San Miguel, an economically depressed, rural community in San Luis Obispo County. The mixed-use project will incorporate affordable housing and commercial space. The grant will help to build organizational capacity to implement the community development plan and fund a feasibility study to identify properties for rehabilitation. |
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| San Luis Obispo, CA |
Mission Community Bank |
Family Care Network, Inc. |
$25,000 |
| Project Description: The sponsor plans to purchase a property that will provide nine transitional housing units for foster youth and former foster youth and a low-income residential advisor. The grant will provide financing to start the rehabilitation. |
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Grant Amount
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| San Francisco, CA |
Citibank (West), FSB |
La Cocina |
$25,000 |
| Project Description: La Cocina provides commercial kitchen space, food industry training, and technical assistance to low-income women who operate informal food-related businesses out of their homes or who would like to start a food-related business. The grant will finance expansion of operational capacity to 20 business tenants. |
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Grant Amount
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| Reno, NV |
Charles Schwab Bank |
Community Services Agency and Development Corporation |
$25,000 |
| Project Description: The Bonanza Homes Subdivision will construct 47 new single-family homes in the Reno/Sparks area. Sale of 30 of the homes will be restricted to buyers with incomes at or below 80% of the area median income. The grant will cover a portion of the increased permit fees levied by the water authority against the development. |
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Grant Programs
AHP