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Patelco CU and Greater NV Mortgage Participate in WISH Program

Patelco CU and Greater Nevada Mortgage (a subsidiary of Greater Nevada CU) are participating in the 2024 WISH matching grant program to provide funding for downpayment assistance to lower-income families and individuals — an initiative recently promoted by the Federal Home Loan Bank of San Francisco.

The WISH Program is designed to help eligible lower-income families and individuals throughout California, Nevada, and Arizona achieve the dream of homeownership. As part of this year’s initiative, FHLBank San Francisco — which upgraded its total commitment this year by another $13 million — will partner with its member institutions to deliver four-to-one matching grants, up to the Federal Housing Finance Agency’s (FHFA) annual maximum subsidy of $30,806 to aspiring homeowners.

As a reminder to credit unions in California and Nevada, this effort constitutes a total of $33 million in free funds to help change people’s lives and contribute to reshaping the housing affordability crisis across both states.

You can view Patelco CU’s news release here, as well as a Mortgage Orb article on Patelco’s efforts posted here.

Additionally, KPS3-Reno (“This is Reno — Local News”) posted Greater Nevada Mortgage’s participation announcement here.

“We designed the WISH Program with one goal in mind: to extend resources and funding to thousands of families who are left without the downpayment means necessary to secure a mortgage and buy a home,” said Teresa Bryce Bazemore, CEO of FHLBank San Francisco. “The WISH Program has been an important initiative for decades and we are confident that the 2024 program will deliver real impact across our regional footprint. We invite our member financial institutions to join us in this critical campaign.”

The WISH Program exemplifies FHLBank San Francisco’s enduring commitment to increasing access to homeownership. Since the first grant was made to a first-time homebuyer in 2000, the program has distributed over $153 million in grants, facilitating homeownership for over 9,800 lower-income families in communities served by FHLBank San Francisco’s member financial institutions. Funding for the WISH Program is made possible by the FHLBank San Francisco’s commitment to allocate up to 15 percent of its annual net earnings towards initiatives promoting affordable housing and community economic development.

WISH matching grants are aimed at equipping working families and individuals with the resources they need to move from renting to owning and can complement or supplement many local, state, and federal homeownership programs and initiatives. The homebuyer’s contributions can include personal savings, as well as savings from Individual Development Accounts (IDA), Family Self-Sufficiency (FSS) program savings, gift funds, or sweat equity.

FHLBank San Francisco is now accepting applications from member institutions to participate in the WISH Program on a rolling basis through March 14, 2025. First-time homebuyers interested in learning more about WISH matching grants are encouraged to contact a participating member institution directly. Visit for more information about WISH and other FHLBank San Francisco grant programs.

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