Change Lending Becomes a Member of the Federal Home Loan Bank of San Francisco
"Joining the Federal Home Loan Bank of San Francisco underscores our dedication to empowering individuals and communities through accessible and affordable home lending"
Originally published in Business Wire
May 9, 2024, 09:00am EDT
ANAHEIM, Calif.--(BUSINESS WIRE)--Change Lending, LLC (“Change”) proudly announces it has become a member of the Federal Home Loan Bank (FHLB) of San Francisco as of May 6, 2024. This milestone marks a significant step forward in Change Lending's commitment to serving underbanked and underserved borrowers and communities.
The FHLB of San Francisco is a vital financial institution dedicated to providing reliable liquidity, funding, and support to its member institutions. As a member, Change Lending gains access to a diverse range of financial products and services that will bolster its lending capacity and liquidity and allow it to better serve its customers.
"Joining the Federal Home Loan Bank of San Francisco underscores our dedication to empowering individuals and communities through accessible and affordable home lending," said Carlos Salas, CEO of Change Lending. "We are thrilled to collaborate with the FHLB of San Francisco to enhance our offerings and advance our mission of making homeownership dreams a reality."
Change Lending's membership in the FHLB of San Francisco aligns with its strategic goals of fostering economic growth, promoting homeownership, and supporting community development initiatives. By leveraging the resources and expertise of the FHLB, Change Lending aims to strengthen its position as a trusted partner in the financial services industry.
Change Lending is a community development financial institution certified by the United States Department of the Treasury. Change focuses on making home loans to underserved, prime homeowners. Since becoming a CDFI in 2018, Change Lending’s lending has focused on Black, Latino, Filipino, Vietnamese, Disabled, and low-income borrowers, and borrowers who reside in low-income communities.
Contacts
Lindsay Valdeon