Oak Valley Community Bank Receives Approval on Over $5.3 Million in Grants Submitted to Support Modesto Gospel Mission and Tuolumne Economic Development Authority

Core Points - Oak Valley Community Bank has received approval for three Affordable Housing Program grants totaling $5.346 million to support housing initiatives in Stanislaus and Tuolumne counties [1][2][3] - The grants will fund projects that provide transitional housing and supportive services for vulnerable populations, including renovations and new constructions [2][3] - The Federal Home Loan Bank of San Francisco awarded a total of $49.7 million in AHP grants to 31 affordable housing projects in 2025, emphasizing the importance of community partnerships [4] Company Overview - Oak Valley Community Bank is a wholly-owned subsidiary of Oak Valley Bancorp, operating 18 branches across California and offering various loan and deposit products [8] - The bank is actively involved in community investment programs and advocates for affordable housing solutions [4][8] Industry Context - The Affordable Housing Program grants aim to address urgent housing needs for low- and moderate-income individuals in Arizona, California, and Nevada [4] - The FHLBank San Francisco plays a crucial role in supporting local lenders and enhancing community development through funding and resources [9]