Modesto Gospel Mission Receives Approval on $2 Million Affordable Housing Program (AHP) Grant Submitted Through Oak Valley Community Bank
Oak Valley Bancorp (CA) (OVLY)
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Source: GlobeNewswire
OAKDALE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank (OVCB), a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded Modesto Gospel Mission (MGM) with a 2024 AHP grant for two-million dollars. This significant funding will propel MGM's efforts to provide emergency shelter and other vital services to the neediest residents of Modesto. MGM worked collaboratively with OVCB to apply for support of MGM’s Restoration Woods, located at 1400 Yosemite Boulevard, which includes the rehabilitation of existing transitional housing and supportive services that will serve 134 individuals in need. Residents will have access to case management and financial education. Additional onsite amenities will include laundry, kitchen, and dining facilities. The grant will be utilized to conduct substantial rehabilitation and construction of housing units dedicated to offering both
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News
- Oak Valley Bancorp's (NASDAQ:OVLY) largest shareholders are retail investors with 50% ownership, institutions own 32% [Yahoo! Finance]Yahoo! Finance
- Oak Valley Bancorp Second Quarter 2024 Earnings: EPS: US$0.72 (vs US$1.03 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Oak Valley Bancorp (NASDAQ: OVLY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Oak Valley Bancorp (NASDAQ: OVLY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Modesto Gospel Mission Receives Approval on $2 Million Affordable Housing Program (AHP) Grant Submitted Through Oak Valley Community Bank [Yahoo! Finance]Yahoo! Finance
OVLY
Sec Filings
- 9/9/24 - Form 4
- 8/14/24 - Form 10-Q
- 8/8/24 - Form 4
- OVLY's page on the SEC website