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0 0 0 0 0.000996286568245625 -0.00104157232134766 0.00144914409926647 0.00144914409926647
Stock impact report

San Francisco Housing Accelerator Fund Secures $100 Million Commitment From First Republic Bank to Finance Affordable Housing

FIRST REPUBLIC BANK (FRC) 
Last first republic bank earnings: 4/14 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.firstrepublic.com
Company Research Source: Business Wire
Major commitment from First Republic will help nonprofit lender preserve and produce more than 2000 affordable homes in San Francisco over the next 5 years. SAN FRANCISCO--(BUSINESS WIRE)--The San Francisco Housing Accelerator Fund (SFHAF) announced today a $100 million commitment from First Republic Bank (NYSE:FRC) in the form of a revolving credit facility to support the preservation of affordable housing in San Francisco through SFHAF’s anti-displacement lending program.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200226005228/en/A public-private partnership, SFHAF provides flexible loans to nonprofit community partners so they can compete with market-rate development corporations to purchase buildings for low-income residents vulnerable to displacement. With financial assistance from SFHAF, the nonprofits buy the buildings, complete extensive repair work, and operate them as permanently affordable housing.First Rep Show less Read more
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