ELKO – Nevada State Bank presented a $300,000 Affordable Housing Program grant from the Federal Home Loan Bank of San Francisco to Community Development, Inc., for its 40-unit rental project, Winchester Court, under construction in Elko.
Winchester Court will serve residents earning from 40 to 50 percent of area median income with a portion of units reserved for households with members with special needs. Residents will have access to workforce development classes and other empowerment services.
“Nevada State Bank is excited to partner with the Federal Home Loan Bank of San Francisco in providing funding for this affordable housing project,” said Drew Zidzik, senior vice president and community relations manager for Nevada State Bank. “We are committed to providing solutions to community needs and we’re proud to be able to facilitate the grant funds to fill a need for affordable housing in Elko.”
The Federal Home Loan Bank of San Francisco distributes its Affordable Housing Program funding through its member financial institutions, including Nevada State Bank, which work with for-profit and nonprofit organizations in their communities to address local affordable housing needs.
About Nevada State Bank (@NevadaStateBank)
Nevada State Bank, with assets of more than $4.0 billion, is largest state-chartered bank in Nevada. A full-service bank with 50 branches statewide, Nevada State Bank offers a complete range of consumer, private and business banking services. It is a subsidiary of Salt Lake City-based Zions Bancorporation (Nasdaq: ZION), one of the nation’s premier financial services companies with affiliates in 11 Western and Southwestern states. For more information on Nevada State Bank, call 702.383.0009 or access www.nsbank.com.