Greater Nevada Credit Union facilitated funding for Eddy House, Rebuilding Together Northern Nevada and Reno Housing Authority.
Three community nonprofit organizations–Eddy House, Rebuilding Together Northern Nevada (RTNN) and Reno Housing Authority (RHA)–have each been awarded $100,000 grants through the Federal Home Loan Bank of San Francisco. Greater Nevada Credit Union sponsored these northern Nevada nonprofits in applying for the grants offered through the FHLBank San Francisco’s Access to Housing and Economic Assistance for Development (AHEAD) Program, which provides funding for initiatives that help create a more equitable future for underserved people and communities.
“We’re honored to support our nonprofit partners who make sure vital resources reach those in need,” said Danny DeLaRosa, president and CEO of GNCU. “Thanks to the grants from these valuable FHLBank initiatives, the funds will fuel life-changing programs, providing housing assistance, education, workforce development, home repairs, and other critical services for people throughout northern Nevada.”
Amid increasing housing costs, the FHLBank San Francisco grants provide much-needed funding for local nonprofit organizations offering critical assistance to individuals and families to address issues impacting their living situations. Since the AHEAD Program’s inception in 2004, the FHLBank San Francisco has awarded $33.1 million in grants to 1,000 economic vitality projects in Nevada, California and Arizona.
“We’re proud to partner with Greater Nevada Credit Union to deliver these grants that will help boost economic opportunity and create access to vital services and support that can be life-changing for people living in underserved communities,” said Eric Cicourel, community investment officer, FHLBank San Francisco. “We’re proud that for 20 years and counting, the AHEAD Program continues to make a positive impact throughout the communities we serve.”
The 2024 AHEAD grants awarded to Eddy House, RTNN and RHA further strengthen the support for these three nonprofits, which GNCU has consistently aided through its philanthropic efforts in recent years.
Since 2019, GNCU has partnered with Eddy House, contributing to its emergency shelter and transition programs for at-risk youth. In 2023, GNCU helped secure an AHEAD grant for RTNN to advance its essential mission of providing accessible home safety repairs for low-income residents. GNCU also began collaborating with RHA in 2022, supporting its youth workforce program with financial education and increasing funds for its food pantry.
“We are deeply grateful for this generous support, which will have a transformative impact on our efforts to reach at-risk youth before they face homelessness,” said Trevor Macaluso, CEO of Eddy House. “By funding an outreach coordinator to engage high school students and a workforce oordinator to guide them toward employment and higher education, we are taking critical steps to break the cycle of homelessness before it begins. We want to extend our heartfelt thanks to Greater Nevada Credit Union for applying to the AHEAD grant through the FHLBank San Francisco on our behalf. This funding will allow us to extend our services directly into the community, providing hope and opportunity for young people who need it most. Together, we are helping them build a brighter future.”
“We are incredibly grateful to the Federal Home Loan Bank of San Francisco and their member partner, Greater Nevada Credit Union, for their generous AHEAD grant,” said Meg Shea, executive director, RTNN. “This funding will significantly impact our ability to expand the Safe and Healthy Home Repair program to other counties in Nevada, allowing Rebuilding Together Northern Nevada to continue providing critical home repairs to vulnerable homeowners. Together, we are making homes safer and lives better for those who need it most.”
“The Reno Housing Authority is committed to providing sustainable, quality housing that offers a stable foundation for low-income families to pursue economic opportunities and improve their quality of life,” said Hilary Lopez, executive director, RHA. “RHA is incredibly grateful for this grant, which allows us to better support our youth and adult workforce development programs, ultimately helping our residents achieve greater economic self-sufficiency.”
About Greater Nevada Credit Union
Greater Nevada Credit Union (GNCU) is headquartered in Carson City, Nevada and has been helping Nevadans with their financial needs for the past 75 years. The credit union serves more than 88,000 consumers and small businesses and has $1.76 billion in assets. GNCU’s subsidiaries include Greater Nevada Mortgage, Greater Commercial Lending and Greater Nevada Insurance. GNCU is a certified Community Development Financial Institution (CDFI) and has been consistently recognized as a Best Financial Institution in many of its service areas and as a top employer by the Reno/Tahoe Best Places to Work Awards. GNCU is also the title sponsor of Greater Nevada Field in Reno. For more information, call (800) 421-6674 or visit www.gncu.org.
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