Tri Counties Bank Awards $100,000 in AHEAD Economic Development Grants to Assist with Low-Income Housing and Financial Education

Tri Counties Bank, in collaboration with the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and its AHEAD economic development grant program, announced donations of $50,000 each to Community Housing Improvement Program (CHIP) and the California Coalition of Rural Housing (CCRH).

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Tri Counties Bank presents a $50,000 check to the California Coalition for Rural Housing (CCRH), awarded through the Federal Home Loan Bank of San Francisco's AHEAD economic development grant program. Pictured in this image from left to right: Rose Pereirra, Community Development Officer at Tri Counties Bank; and Rob Wiener, Executive Director at CCRH. (Photo: Business Wire)

“Tri Counties Bank is proud to assist our community partners to obtain grants that benefit much-needed programs,” said Danna Prater, Vice President and Director of Community Development at Tri Counties Bank. “These grants will provide training to low-income individuals, as well as funding to rural and tribal individuals pursing higher education.”

The AHEAD program enables FHLBank San Francisco members like Tri Counties Bank to give a critical boost to local programs and projects that address pressing community needs and bring greater opportunities to underserved populations. Projects supported by this year’s grant include housing assistance and providing financial education to low-income individuals.

CHIP works to address the affordable housing crisis in rural Northern California counties by creating homes and rental properties specifically for low-income individuals. CHIP, based in Chico, operates a self-help housing program in which families can build new, single-family homes and contribute a minimum of 65 percent of the labor required to complete their home. The $50,000 grant to CHIP will be used to hire and train two homebuyers, who have completed construction on their home, to become construction supervisors on other CHIP projects.

CCRH, based in Sacramento, promotes the production and preservation of affordable homes for low-income, rural Californians through a range of products and services, including technical assistance, financial education, research, and advocacy. The $50,000 grant to CCRH will help provide financial education and matching funds through an Individual Development Account (IDA) for 50 low-income rural and tribal individuals pursuing a college degree.