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 short-term emergency shelter and longer-term housing solutions. "This grant is a monumental step forward for our Restoration Woods project, providing us with the critical funding to make this project a reality and improve the lives of many of the unhoused residents in the Modesto region. Our goal with this project is to significantly enhance the living space and services for the unhoused community we serve," said Jason Conway, Chief Executive Officer ...