affordable housing

Meriwest, one of Silicon Valley’s Premier Credit Unions sponsored grants through the Federal Home Loan Bank to support projects of two Community Based Nonprofits. The Credit Union also provided additional support to local charities to assist them in meeting the needs of their clients during the pandemic. Meriwest sponsored a grant of $1,055,000.00 for CityTeam San Jose through the Federal Home Loan Bank’s Affordable Housing Program. This project will renovate an existing transitional housing and emergency shelter for homeless and low income residents. It will also provide meals and improve the financial mobility of residents through financial educational workshops.