Wells Fargo celebrates its relationship with Fahe and applauds its relentless efforts to eliminate persistent poverty in rural Appalachian communities.
This year, as part of the Wells Fargo Foundation’s $175 million investment to provide relief as a result of the economic downturn caused by COVID-19, Fahe received a grant focused on reducing vulnerability of residents in America’s persistently poverty stricken communities.
In 2019, the Wells Fargo Foundation launched a new philanthropic strategy anchored around unlocking economic opportunity for people and communities by addressing housing affordability, small business growth and financial health, investing $455 million in grants to national and community-based nonprofits. This includes a $1 billion philanthropic commitment to address housing affordability solutions by 2025 to invest in change makers, fostering collaboration, and supporting effective policies. We are engaged in four distinctive strategies: Housing Stability, Increasing Supply of Affordable Homes; Expanding Homeownership Opportunities; and Driving Transformation and Innovation in Local Communities.
Wells Fargo & Company is a diversified community-based financial services company that serves one in three households in the U.S. and is a leading lender in rural communities. Founded in 1852 with its headquarters in San Francisco, Wells Fargo’s vision is to satisfy its customers’ financial needs and help them succeed financially.
Learn more about Wells Fargo at https://welcome.wf.com/impact/
Contact Information, please email: HousingPhilanthropy@wellsfargo.com
The Tennessee Housing Development Agency (THDA) is Tennessee’s housing finance agency, created by the General Assembly in 1973. THDA was created to promote the production of more affordable new housing units for very low, low and moderate income individuals and families in the state, to promote the preservation and rehabilitation of existing housing units for such persons, and to bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units.
THDA serves as the primary administrator for numerous federal and state housing programs. THDA is not a direct lender. THDA purchases qualified home loans originated through its private-sector lending partners.
THDA At a Glance
When homes are affordable and accessible to jobs, good schools and transportation, everyone benefits. Individual lives are improved and communities as a whole grow stronger. Virginia Housing was created in 1972 by the General Assembly to help Virginians attain quality, affordable housing.
We carry out this mission by working in public-private partnerships with local governments, community service organizations, lenders, Realtors, developers and many others. We provide mortgages for first-time homebuyers, as well as financing for apartment communities and neighborhood revitalization efforts. We offer free homebuyer classes, support housing counseling, and help people with disabilities and the elderly make their homes more livable. We also administer the federal Housing Choice Voucher and Housing Credit programs in Virginia. Virginia Housing is self-supporting and receives no state taxpayer dollars to fund our programs. Instead, we raise money in the capital markets, and we contribute a significant portion of our net revenues each year to help meet Virginia’s most difficult housing needs.
Since 1938, Fannie Mae® has been an innovative force in the mortgage industry and a leading source of financing for mortgage lenders in all U.S. markets, at all times. Our financing makes sustainable homeownership and workforce rental housing a reality for millions of Americans. We serve the people who house America — delivering the products, services, and tools our customers need to serve the market efficiently and confidently. Together, we’re creating affordable housing opportunities for homebuyers and renters across the country.
Fahe is a valued partner and customer of Fannie Mae and our relationship has expanded liquidity in rural markets across Appalachia. Fahe and their network of member organizations bring a wealth of expertise and knowledge that has been instrumental in increasing access to affordable housing in their respective markets. The key insights shared with us have helped to ensure that we are able to meet the unique needs of their communities.
There’s Pride In Homeownership
First Horizon was chartered in 1864 as the First National Bank of Memphis, making us one of the oldest banks in the country. We remain intensely proud of our Tennessee roots and dedicated to supporting the communities in which we work and live.
To help increase homeownership, First Horizon has an affordable mortgage program, which provides the economically disadvantage or second chance homebuyers an affordable entry point into homeownership. Additionally, to help individuals achieve the dream of homeownership, we focus on distributing grants in support of affordable housing across our communities. These grants have supported homebuyer education, down payment assistance, and home repairs. FHN provides financing for single-family and multifamily housing. We are a member of the Federal Home Loan Bank of Cincinnati and Atlanta.
Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities to all Kentuckians. As a self-supporting, public corporation, KHC offers down payment assistance loans to enable first-time homebuyers to obtain home mortgages, housing production financing, rental assistance, housing rehabilitation, and supportive housing programs for special needs populations. To learn more about our programs, visit www.kyhousing.org or contact Molly Tate at firstname.lastname@example.org.
Attendees that contact Molly Tate will be entered into a drawing, and we will select a prize winner during the Annual Meeting.
Learn more about KHC
The demand for affordable housing continues to grow, and through strategic partnerships OCCH is creating innovations that advance affordable housing investment and development within our footprint to ensure that stable, affordable housing is available to all. Through collaborations with our partners, we are driving the research, technology and policy agendas within our industry, assuring win-win partnerships to meet future challenges. Our mission is to advance the preservation, production, and management of affordable housing through collaborative partnership and innovative thought leadership. We envision a world where stable, affordable housing is available to all, and the residents and communities we serve feel supported and empowered to grow and thrive.
PNC’s Community Development Banking group is a dedicated department of employees who work to boost the quality of life in low- and moderate-income neighborhoods through financial education, consumer programs and community development lending and investing.
PNC helps to build strong communities and create financial opportunities for individuals, families and businesses through leadership, technical expertise, strategic investments and employee volunteerism.
If you are interested in learning more, and want to be entered into a drawing for two door prizes (winners will be randomly selected during the Annual Fahe Meeting), please e-mail Renita Rosa at email@example.com
With residents and partners, Local Initiatives Support Corporation (LISC) forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families. LISC equips struggling communities with the capital, strategy and know-how to become places where people can thrive. Working with local leaders LISC invests in housing, health, education, public safety and employment – all basic needs that must be tackled together so that progress in one is not undermined by neglect in another. Sharing its expertise of 40-plus years, LISC brings together key local players to take on pressing challenges and incubate new solutions. With those local players, LISC helps develop smarter public policy. LISC’s toolkit is extensive. It includes loans, grants, equity investments and on-the-ground experience in some of America’s neediest neighborhoods.
Rural LISC, as the rural component of LISC, is deeply rooted in rural America. The Rural LISC team is committed to providing support for diverse rural communities, making them good places to live, work, do business and raise children. Rural LISC believes that nonprofit community organizations play an essential role in achieving this mission, and is therefore dedicated to building the capacity of these groups and increasing their production, by generating resources and investing in their work. In its 25th year, Rural LISC is refocusing its work into five core areas to help build an ecosystem that connects capital, culture and training. They are:
- Access to Capital – Housing, community facilities, small business, community development. COVID relief grants and KIVA for small businesses.
- Broadband – Beyond laying cable, innovating how rural communities gain connectivity know-how.
- Workforce Development – Connecting creative workforce solutions to training that prepares people to take full advantage of new financial opportunities and secure living-wage jobs.
- Disaster Resilience – Training communities on how to prepare for, and pivot during and after a disaster (natural, man-made or economic).
- Placemaking – Deep-rooted and community-driven approaches to housing, economic development and health that recognize the value of arts, culture, diversity, inclusion, equity and justice.
The West Virginia Housing Development Fund is a public body corporate and governmental instrumentality of the State of West Virginia established to increase the supply of residential housing for persons and families of low- and moderate-income, and to provide construction and permanent mortgage financing to public and private sponsors of such housing. To date, the Housing Development Fund has issued more than $4.5 billion in bonds and has financed more than 123,000 housing units since it began operation in 1969. The West Virginia Housing Development Fund is an Equal Housing Opportunity Lender.
Friends of Fahe
New Date Announced!
Several weeks ago, we made the difficult yet necessary decision to postpose the 2020 Building Science Conference and Expo due to the ongoing public health crisis associated with the COVID-19 pandemic. We’re happy to announce that we have rescheduled the in-person event for August 16-18, 2021 at the Knoxville Convention Center. We set our sights on next summer to ensure we have the time we need to carefully plan a conference that will meet our top priority: the health, safety and well-being all conference speakers, sponsors, exhibitors, attendees, and staff members.
Discounted Registration for Fahe Members.
Please click on the link for Fahe Members to register for the 2021 Building Science Conference and EXPO at a special non-profit rate. The non-profit registration fee is $150 off the full registration fee of $500.
The 2021 Building Science Conference & Expo will continue to provide world-class CEU training and certification opportunities while offering engaging and timely sessions that revolve around our conference theme of “Reframing Industry Innovation.” Additionally, we will be holding a series of pre-conference webinars in the months leading up to the conference. Stay tuned for more around speakers, topics, and dates.
Keeping in Touch
Once you are registered to attend the conference, you will receive regular email updates. Until then, you can always access the latest news and information on our conference website at www.buildingscienceconference.com. If you have any questions or need immediate assistance, please do not hesitate to contact Sandy Beck at firstname.lastname@example.org or 859-273-5117 ext. 3.
The Federal Home Loan Bank of Cincinnati is a regional wholesale bank providing financial services for residential housing and economic development to 629 member-stockholders in the FHLB System’s Fifth District of Kentucky, Ohio and Tennessee. Eligible stockholders include banks, thrifts, credit unions, insurance companies and community development financial institutions. We are one of 11 Federal Home Loan Banks nationwide, a system created by Congress in 1932 to support housing finance.
Please visit our booth for a chance to win a $100 Gift Card!
Judy Rose, Assistant Vice President
T (513) 852-5511
C (513) 324-2789
Damon Allen, Senior Vice President – Housing & Community Investment Officer
T (513) 852-7518
C (513) 504-1468
Dawn Grace, Vice President, Housing and Community Investment
T (513) 852-7613
F (513) 852-5745
As an intermediary between global capital markets and local lenders, FHLBank Pittsburgh provides readily available liquidity, as well as affordable housing and community development opportunities, to member financial institutions of all sizes in Delaware, Pennsylvania and West Virginia. The Bank is part of the Federal Home Loan Bank System, which was established by Congress in 1932 and serves as a reliable source of funds for housing, jobs and growth in all economic cycles.
To learn more, visit www.fhlb-pgh.com or contact John Bendel at John.Bendel@fhlb-pgh.com. Attendees that contact John Bendel will be entered into a drawing, and we will select two prize winners during the Annual Meeting.
To learn more about FHLB’s Affordable Housing Program and First Front Door Program click the links.
For more than 40 years, Neighborhood Reinvestment Corp., a national, nonpartisan nonprofit known as NeighborWorks America, has strived to make every community a place of opportunity. Our network of excellence includes more than 240 members in every state, the District of Columbia and Puerto Rico. NeighborWorks America offers grant funding, peer-exchange, technical assistance, evaluation tools and access to training, as the nation’s leading trainer of housing and community development professionals. NeighborWorks network organizations provide residents in their communities with affordable homes, owned and rented; financial counseling and coaching; community building through resident engagement; and collaboration in the areas of health, employment and education. In the last five years, our organizations have generated more than $40.2 billion in investment across the country.
More about what we do: https://www.neighborworks.org/About-Us/What-We-Do
See our impact: https://www.neighborworks.org/Our-Impact/Annual-Infographics
Read our annual report: https://www.neighborworks.org/Annual-Report-2019/Leadership-Welcome-Letter
During this unprecedented time, NeighborWorks America is committed to providing additional training resources and tools so that you can meet the needs of your community. That’s why we’re offering more online courses and expanding the content of our trainings. These exciting new courses are designed to help you effectively address new challenges (such as the need for remote counseling) and maintain your community impact.
National Housing & Financial Capability Survey:
Survey Summary: On July 16, 2020, NeighborWorks America released highlights from its new affordable housing and financial capability survey, which was conducted in late April/early May. The survey showed that most people believe homeownership has benefits but also feel that homeownership is out of reach for them because of their financial situation. https://www.neighborworks.org/Homes-Finances/Homeownership/Housing-Survey
Scott Insurance is a 100% employee- owned agency that was founded in 1864 in Lynchburg, VA. With nine offices in four states, Scott has grown to be one of the largest privately help broker/ consulting firms in the Southeast. With employee ownership at the center of our culture, every Scott employee has a vested interest in providing superior service and solutions to our clients.
Our Affordable Housing Practice Group at Scott is dedicated specifically to serving organizations in the Affordable Housing industry. Our expertise helps our clients manage their unique risks and lower their cost of risk to focus on their mission of improving lives and communities. Our deep knowledge and connections in the industry allow us to help our clients stay ahead of the game in terms of potential underwriting issues. We can help our clients manage their unique operational risks, including compliance guidance, claims management, and strategic safety processes. Our team also has vast experience navigating the unique risk challenges associated with the construction component of affordable housing.
To connect with our Affordable Housing Practice Group, reach out to Nathan Kerr at email@example.com. We look forward to making two prize drawings during the Annual Meeting!