b'Philanthropy continuedPhilanthropic Capital at Work for PeopleIn fall 2020, The Federation launched The Bay Area Impact Lending program which pools assets from donor-advised funds to address urgent economic needs in our local communities. Initially, we directed focus into four thematic areas: affordable housing, economic mobility, environment, and community building. By partnering with community lenders with proven track records of providing capital to underserved borrowers, we are supporting equitable economic recovery in the Bay Area. The program has now expanded beyond the Bay Area to include other national efforts and lending opportunities in Israel. Here are some community success stories.An Environmental Impact StoryCalifornia FarmLink, one of the two Community Lenders weve selected for the Environment portfolio, invests in the prosperity of small and underserved farmers like Javier.Javier Zamora launched JSM Organics in Monterey County in 2012 and has since established a successful business selling a diverse mix of more than 30 organic vegetables, berries, herbs and flowers direct to retailers, at farmers markets and through wholesalers.Through financing from FarmLink, Javier was able to purchase the 195-acre Triple M Ranch in Monterey County in 2016. This represented the largest land transaction and land loan FarmLink had ever done at the time. Sixty acres of M Ranch are in organic production and most of the remaining land is in a conservation easement. Javier has committed to uphold stewardship of the farm as a model for conservation.An Affordable Housing Success StoryEnterprise Community Loan Fund provided long-time partner Satellite Affordable Housing Associates with predevelopment funding and a $4 million bridge loan to acquire and rehabilitate two historic but poorly maintained hotels.Opened in 2013, The Savoy now provides a permanent home for over 100 people who were formerly homeless or at risk of homelessness. After moving to The Savoy in San Francisco, residents reported reduced stress, an increased sense of safety, and the ability to focus on activities beyond maintaining housing.A COVID-19 Response StoryWhen COVID-19 shut the world down to travel last year, Eve and Nadia of Jerusalem Holiday Homes, a property rental company, saw their bookings and their business evaporate almost overnight.Until Corona, it was a very vibrant business, every month it was growing. But if planes are not coming into Israel, that is every single one of our clients.Jerusalem Holiday Homes is one of the many small businesses that has stayed afloat due to a loan from Ogen. Affordable credit is not available from commercial banks, and the banks are not in a position to support small businesses through the COVID-19 economic crisis.7'