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Federal Home Loan Bank of Seattle Names New Affordable Housing Advisory Council Representative from Wyoming, Reappoints Alaska and Oregon Representatives to New Three-Year Terms

SEATTLE--(BUSINESS WIRE)--The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the appointment of Gregory Hancock of Casper, Wyoming, to serve on the bank’s Affordable Housing Advisory Council (Advisory Council) as its Wyoming representative.

Mr. Hancock is president and chief executive officer of Wyoming Housing Network, a NeighborWorks affiliate, where he manages the development and preservation of affordable and workforce housing and the delivery of homebuyer education, including foreclosure prevention counseling. Previously, Mr. Hancock worked for the Rural Community Assistance Corporation in Grand Junction, Colorado, where he provided technical assistance to nonprofit organizations in the Western United States. He has also served as development director for the Grand Junction Housing Authority.

The Seattle Bank also announced the reappointments of Advisory Council members Carol Gore as its Alaska representative and Peter Hainley as its representative from Oregon.

  • Ms. Gore is president and chief executive officer of Cook Inlet Housing Authority in Anchorage, Alaska, a nonprofit organization that supports a wide range of affordable housing activities, including the ownership and management of approximately $157 million in real estate assets. She has served on the Seattle Bank’s Advisory Council since 2005 and as its chair in 2007.
  • Mr. Hainley is executive director of Community and Shelter Assistance Corp. dba CASA of Oregon in Newberg, Oregon, a developer of housing, programs, and facilities that improve the quality of life and self-sufficiency of farmworkers and other low-income populations. He is also vice president of the National Farmworker Housing Project Directors Association and a director of the National Rural Housing Coalition and the Network for Oregon Affordable Housing. Mr. Hainley has served on the Seattle Bank’s Advisory Council since 2005, currently as its chair.

Mr. Hancock, Mr. Hainley, and Ms. Gore will serve on the Seattle Bank’s Advisory Council for three-year terms beginning January 1, 2011.

The Seattle Bank’s Advisory Council advises the Seattle Bank on housing and economic development programs and needs across the eight-state region the Seattle Bank serves. It includes eight members, one from each state in the Seattle Bank’s district. Advisory Council members are drawn from community and not-for-profit organizations that are actively involved in providing or promoting low- and moderate-income housing and community lending, and they are generally appointed to serve for terms of three years.

About the Seattle Bank

The Federal Home Loan Bank of Seattle is a financial cooperative that provides liquidity, funding, and services to enhance the success of its members and support the availability of affordable homes and economic development in the communities they serve. The bank’s funding and financial services enable approximately 365 member institutions to provide their customers with greater access to mortgages, commercial lending, and affordable housing. The Seattle Bank commits 10 percent of its annual profits to help fund affordable housing and homeownership.

The Seattle Bank serves eight states, American Samoa, Guam, and the Northern Mariana Islands. Our members include commercial banks, credit unions, thrifts, industrial loan corporations, and insurance companies.

The Seattle Bank is one of 12 Federal Home Loan Banks in the United States. Together, the Federal Home Loan Banks represent one of the country’s largest private sources of liquidity and funding for community financial institutions, as well as funding for affordable housing.

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