“In Hacienda’s experience, developing affordable housing is a community effort that gets us to the finish line. For example, our Dolores Affordable Housing Project was awarded through a competitive process, which included land from the City of Hillsboro and $10.5 million of capital from Portland, Oregon’s Metro Housing Bond, among several other funding sources. Even with all this support, we still have a funding gap. This investment from OnPoint will be instrumental in bridging that gap and ensuring a commitment to affordable housing in Washington County. We are truly grateful for this community partnership with OnPoint.” said Ernesto Fonseca, CEO, Hacienda CDC.
AGE+ advocates for equitable aging in Oregon by engaging in partnerships and developing innovative programs that build capacity and address the challenges and opportunities of the aging population. AGE+ has developed a creative solution that supports housing-challenged rural communities in building affordable, accessible housing for older residents. AGE+ will use its $200,000 Member Impact Fund grant to replicate their success and share their expertise with communities so more older Oregonians have a place to call home.
“This collaboration with OnPoint is a testament to our mutual dedication to innovation and equity for underserved communities. These funds ensure AGE+ can continue to roll out its modular construction approach of affordable accessible housing for older adults in a rural community, still recovering devastating wildfires,” said Stephanie Hooper, AGE+, President & CEO.
The Freshwater Trust employs advanced technology and scientific expertise to restore and protect freshwater ecosystems. The Freshwater Trust provides capacity for local groups like water districts and farmer collectives to secure and prioritize funding for high-impact conservation projects, such as upgrading irrigation systems, planting trees to provide shade and lower water temperature, and aid the recovery of endangered species. The Freshwater Trust will receive a $100,000 Member Impact Fund grant to build more capacity for its various conservation initiatives.
“This generous donation from OnPoint represents an investment in a new approach to conservation. We need to have laser focus on solutions that are big enough – and bold enough – to match the scale of the problem. The Freshwater Trust is creating a path that ensures every action translates to a positive outcome for the environment and it’s possible because of the support of organizations like OnPoint. Our mission is to preserve and restore freshwater ecosystems and we are grateful to have them as a partner,” said Kimberlee Obilana, Vice President, People & Operations, The Freshwater Trust.
ABOUT ONPOINT’S COMMUNITY GIVING
OnPoint provides funding for nonprofits, local government-sponsored projects, educational institutions and foundations that positively impact its membership area. In 2023, OnPoint donated more than $2.5 million donated to 305 nonprofits in Oregon and Southwest Washington focused on diversity, equity and inclusion, financial education, food and shelter, climate change and youth services. For more information about OnPoint’s community giving efforts, visit https://www.onpointcu.com/community-giving/.
ABOUT ONPOINT COMMUNITY CREDIT UNION
OnPoint Community Credit Union is the largest credit union in Oregon, serving over 554,000 members and with assets of $9 billion. Founded in 1932, OnPoint Community Credit Union’s membership is available to anyone who lives or works in one of 28 Oregon counties (Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Gilliam, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Morrow, Multnomah, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler and Yamhill) and two Washington counties (Skamania and Clark) and their immediate family members. OnPoint Community Credit Union is federally insured by the National Credit Union Administration (NCUA). More information is available at www.onpointcu.com or 503-228-7077 or 800-527-3932.
ABOUT FEDERAL HOME LOAN BANK OF DES MOINES
The Federal Home Loan Bank of Des Moines is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member institutions to support affordable housing, economic development and community improvement.
FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.
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