Community Possible: Home

Families are more likely to succeed in a home that is safe, located in a community that is thriving.

Crystal and Richard Arcineda family photo
U.S. Bank Mortgage Loan Officer, William Ruiz, helped Crystal and Richard Arcineda purchase their first home.

Safe and affordable housing closes the gap between people and possibility by giving families a stable and healthy home.

Last year we furthered our mission to support these families by providing:

The American Dream

The American Dream program serves low- to moderate-income (LMI) borrowers, featuring a low down payment and rehabilitation loan options. The program was recognized by the American Bankers Association as the winner of the affordable housing community commitment award.

We’ve helped to revitalize communities across the U.S. Bank footprint by providing: $88 Million in American Dream mortgage loans

U.S. Bank employee wearing hard hat photo
U.S. Bancorp Community Development Corporate employees participated in the annual Jimmy & Rosalynn Carter Work Project.

Habitat for Humanity

U.S. Bank has a long-standing partnership with Habitat for Humanity International and to date has provided over:

Home is more than just four walls

Coming out wasn’t acceptable in his hometown when Terry Vaughn was young, but he did it anyway.

And in the days, months and years that followed, he was rejected by his family and endured discrimination that kept him from accumulating savings and assets – all just for being his true self.

In 1997, Vaughn moved to San Diego to find access to quality and affordable health care and social services. 20 years later, Vaughn’s world came tumbling down when he received notice that his rent was increasing by $100 a month. “I was so devastated after reading the notice,” he explained. “I went to the housing authority’s website to find a solution and [that’s when] I saw my miracle.”

That miracle was North Park Apartments, San Diego’s first LGBTQ-affirming housing development for seniors.

North Park, which opened in 2017, is the result of years of meetings with members of the community which highlighted a gap in the provision of safe and affordable housing for LGBTQ seniors.

At U.S. Bank, we partner with community groups and leaders to understand the best way to break down barriers. So, once North Park’s nonprofit owner and manager Community HousingWorks started to draw up plans for the project, we expressed interest in supporting it.

“It was a very competitive bid and there was a lot of interest,” said Sylvia Martinez, Senior Project Manager at Community HousingWorks. “But U.S. Bank dug a little deeper during the underwriting process to become a partner. They understood what it meant to create a LGBTQ-affirming community and came up with a great proposal.”

With a $12 million affordable housing tax credit equity investment from USBCDC, Community HousingWorks got to work.

The 76-unit development is located close to public transportation, hospitals and the LGBT Community Center, which provides residents in need with case managers who help connect them with social, medical and mental health services.

Terry Vaughn photo
North Park resident Terry Vaughn.

Community HousingWorks
worked so hard to create a community for folks who didn’t have any.
Personally, this project meant a lot for me, it was a way of giving back to a community that fought hard to ensure that people like me could get married and have a family.

Kate de La Garza
USBCDC Affordable Housing Project Manager
Openly gay, married mother of two children