REEDLEY – Central Valley Community Bank (CVCB) and the Federal Home Loan Bank of San Francisco (FHL) have teamed up to make a significant contribution for a housing project in Reedley.
On Sept. 28, the financial institutions announced their partnership on a $480,000 Affordable Housing Program (AHP) grant to help fund the Guardian Village apartment complex currently under construction on 11th Street in Reedley. Visalia-based Self-Help Enterprises is overseeing the project.
Self-Help Enterprises President and CEO Tom Collishaw said in a press release the housing program is honored to review the grant, which will assist with the project’s development.
“It’s because of partners and donors like Central Valley Community Bank that we are able to collaboratively address California’s housing crisis by providing shelter, water and community resilience for the most vulnerable populations in our communities,” Collishaw said.
When completed next summer, Guardian Village will offer 48 apartment homes for families at or below 50% of the area median income level. The complex will have four three-story buildings. There will be 22 one-bedroom, 14 two-bedroom and 12 three-bedroom apartments.
The complex will feature a 2,500 square-foot community center which will include a kitchen, laundry room, storage areas and playground. There will be an afterschool program offering nutrition classes, tutoring and recreational activities free to residents.
“Central Valley Community Bank has partnered with Self-Help Enterprises for many years and supports their mission to build healthy homes and communities for low-income families, especially in the San Joaquin Valley where poverty rates are so high,” CVCB President and CEO James J. Kim said via press release.
Also from the press release, CEO and FHLBank San Francisco President Teresa Bryce Bazemore added, “Lack of affordable housing is one of the most intractable problems our country faces today. These issues were exacerbated by the pandemic and the economic uncertainty that has impacted far too many communities.”
