looked forward to continuing to work with FHLBank to invest in communities throughout the Silver State
Continue working with FHLBank of San Francisco to invest in communities throughout Nevada, including affordable housing efforts.
Occurrences
Evidence
Cortez Masto's official committee page says she works on the Banking, Housing, and Urban Affairs Committee to address Nevada housing costs and has urged the Federal Home Loan Bank system to support more affordable development.
FHFA reported that FHLBank of San Francisco offered a Nevada Targeted Fund in 2024 to increase affordable housing supply, awarding $8.9 million to eight projects supporting 569 Nevada rental units.
FHFA summarized the San Francisco FHLBank Advisory Council report as detailing district community investments, including 2024 AHP General Fund, homeownership set-aside, and a Targeted Fund addressing Nevada affordable housing needs. It also noted a $94 million 2024 contribution to AHP and voluntary programs.
The same FHFA report said FHLBank of San Francisco awarded $33.6 million in voluntary funds in 2024, including $110,000 under the Nevada Housing Capacity Program and $2.7 million in additional AHP General Fund support for three projects with 170 units.
FHFA's district page, updated June 25, 2026, lists Nevada as one of the states in the Federal Home Loan Bank of San Francisco district, with Arizona and California.
Assessments
The record shows same-term activity aligned with the promise: FHLBank of San Francisco remained the relevant bank for Nevada and made Nevada-specific affordable housing and community investments in 2024, including targeted affordable housing funds and capacity support. Cortez Masto also has documented Senate committee activity urging the FHLBank system to support more affordable development. However, the evidence does not directly show that she worked specifically with FHLBank of San Francisco or materially caused the Nevada investments, so this supports partial credit rather than full delivery.