The Federal Home Loan Bank of San Francisco awarded $37.7 million in Affordable Housing Program grants to 50 projects that will construct or rehabilitate 3,514 units of housing that is affordable to lower-income families and individuals in Arizona, California, and Nevada.

Awarded to 20 of the Bank’s member financial institutions who will deliver the funding to affordable housing developers, these grants will give a vital boost to regional efforts to address an existing affordable housing shortage that has been greatly exacerbated by the COVID-19 pandemic and its economic aftershocks, a release states.

The AHP is a flexible source of funding for projects that are designed to serve very low, low, and moderate-income families and individuals, many with special needs. All of the 2020 grant winners will provide social services to support residents, ranging from financial literacy and job placement assistance to onsite childcare and health and wellness services.

Phoenix is among the communities that will benefit from the grants. The others are in Nevada and California.

Projects supported by this year’s AHP funding will support the different needs of diverse communities, families, and individuals, including:

Lower-income working families struggling to maintain housing near centers of employment;

Low-income seniors who want to age-in-place in the big cities or small towns where they feel at home;

Vulnerable unhoused women with children in need of safe transitional housing;

Youth in need of both shelter and supportive services to help them transition to self-sufficiency;

Chronically unhoused veterans and veterans with other special needs and their families; and

Individuals on the path to recovery from drug and alcohol addiction.

Details about the 2020 AHP grant winners are available at www.fhlbsf.com.