COVID-19: Adapting and Responding to the Pandemic
As we navigate through the challenges and uncertainties of the COVID-19 crisis together, we are committed to providing the vital products, services, and resources our members need to serve their customers and communities.
At FHLBank San Francisco, meeting the funding and other financial services needs of our members and administering our community programs seamlessly while ensuring the health and safety of our employees are our highest priorities.
As the COVID-19 public health emergency escalated, we activated our robust business continuity plans for a pandemic and swiftly became a virtual enterprise, with 100% of our workforce now working remotely to conduct all normal business operations.
In the uniquely challenging and uncertain economic environment we find ourselves in as a result of the COVID-19 global pandemic, the Bank is offering new or augmented funding tools and resources that our members can use to support pandemic relief and recovery in their communities.
Additional Funding for Our 2020 AHEAD Program
In response to the economic shocks caused by the COVID-19 crisis, the Bank increased its planned $1.5 million funding allocation for the 2020 AHEAD Program by $2 million, making a total of $3.5 million in AHEAD grants available this year.
AHEAD grants can support a wide variety of targeted economic development projects, including specific initiatives aimed at meeting urgent local needs and those designed to support the longer journey to recovery from the financial impacts of the pandemic.
People who may be most severely affected by this crisis rely on local nonprofits for critical services and resources. With this year’s additional funding, members can deliver AHEAD grants to nonprofit organizations whose own operations are directly impacted by the pandemic, so that they can continue to serve their communities even as they themselves are struggling with increased costs, loss of staff, and postponed fundraising campaigns.
Matching Our Members’ Pandemic-Related Charitable Donations and Support for Small Businesses
July 2, 2020 Member Announcement of Increased Limits on Matching Funds: Make a Contribution to Make a Difference – Matching Funds Increased to $10,000
In response to escalating demand for pandemic relief resources and the interest many members have expressed in supporting Black and minority-owned businesses and communities, especially those hardest hit by the pandemic, the Bank has increased the matching fund per member limit from $5,000 to $10,000. The additional funding can support members partnering with organizations that are engaged in proactive, sustained, and targeted efforts to address racial economic inequality.
May 8, 2020 Member Announcement on Matching Funds: FHLBank San Francisco Matching Funds: A Partnership to Support Nonprofits and Small Businesses in Our Communities
The Bank is making $1.8 million in matching funds available to member financial institutions donating to nonprofits or contributing to local small businesses in response to the escalating economic impact of the COVID-19 pandemic on the communities they serve.
In response to the unprecedented COVID-19 public health emergency and its devastating economic impact, FHLBank San Francisco is offering a slate of new or enhanced funding tools and grants that members can use to meet the urgent and longer-term needs of their customers and communities.
Contact us if you have any questions.