Oak Valley Community Bank Receives Approval on Over $5.3 Million in Grants Submitted to Support Modesto Gospel Mission and Tuolumne Economic Development Authority

OAKDALE, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ:OVLY), announced they have received approval on three 2025 Affordable Housing Program (AHP) grants which were submitted to the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) on behalf of Modesto Gospel Mission for a total of $3.75 million and Tuolumne Economic Development Authority (TEDA) for $1.596 million.

These projects will bring meaningful and lasting impact to communities in Stanislaus and Tuolumne counties by expanding access to stable, supportive housing for vulnerable populations. Grace Place, sponsored by Modesto Gospel Mission, will renovate an existing shelter facility in Modesto to provide 67 transitional housing units, paired with essential wraparound services such as onsite case management, life skills training, job coaching, and recovery support. Hannah's House, also by Modesto Gospel Mission, will convert a warehouse into 50 units of transitional housing, with residents gaining access to the Mission's proven programs focused on personal empowerment and long-term independence.

In Tuolumne County, the Westside Subdivision, sponsored by the Tuolumne Economic Development Authority (TEDA), will deliver 30 new single-family homes to serve very low- to moderate-income households, including six homes reserved for those experiencing homelessness. The development will also feature an 1,800-square-foot community center offering resident services such as job training and educational programs, along with recreational amenities like a basketball court and playground.

As a sponsor of FHLBank San Francisco's Community Investment Programs and advocate for the services Modesto Gospel Mission and Tuolumne Economic Development Authority provide to our community, Oak Valley Community Bank authored and provided supplemental input for this grant. "At Oak Valley Community Bank, we believe real change starts at the community level," said Jose Sabala, VP Community Reinvestment Officer. "These grants are the result of strong partnerships with organizations rooted in compassion ...