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2017

September 12, 2017

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

The Bank announced today that it has awarded $1.5 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency.

July 5, 2017

Rep. Dennis Ross and Federal Home Loan Bank of San Francisco Announce $1.2 Million Affordable Housing Grant for the Florida 15th Congressional District

Rep. Dennis Ross (FL-15) and the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced today that a $1.2 million Affordable Housing Program (AHP) grant has been awarded to help finance West Lake Apartments in Lakeland, Fla., project. In total, FHLBank San Francisco awarded $73.6 million through 20 Bank members in its 2017 funding competition to support 89 affordable housing projects in seven states served by the Bank’s member financial institutions.

June 26, 2017

Federal Home Loan Bank of San Francisco Awards $73.6 Million in Grants for 89 Affordable Housing Projects in Seven States

In the 2017 funding competition, the Bank awarded $73.6 million in AHP grants through 20 members. The funds will support 89 projects that will create more than 6,200 units of affordable housing in seven states. Since 1990, the Bank has awarded more than $1 billion in grants to support affordable rental and homeownership opportunities for lower-income households. 

February 14, 2017

FHLBank San Francisco Names Iosefa Alofaituli to Affordable Housing Advisory Council and Reappoints Three Current Members

The Bank is pleased to announce the appointment of Iosefa Alofaituli to its Affordable Housing Advisory Council and the reappointment of current members Laura Archuleta, Dora Leong Gallo, and Carol Ornelas. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant and credit programs.

2016

November 21, 2016

Bank Announces 2016 Director Election Results

In the 2016 director election, the Bank’s members re-elected Robert F. Nielsen to a nonmember public interest independent director position, re-elected Melinda Guzman to a nonmember independent director position, and elected F. Daniel Siciliano to a new nonmember independent director position. California members also re-elected Richard A. Heldebrant and Simone Lagomarsino as California member directors.

September 14, 2016

FHLBank San Francisco Awards $1.5 Million in Grants for Economic and Community Development

The Bank awarded $1.5 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada to foster economic development and promote community stability and self-sufficiency.

June 21, 2016

CalHFA Approved to Borrow from Federal Home Loan Bank of San Francisco

The California Housing Finance Agency has been approved for $100 million in financing availability from the Federal Home Loan Bank of San Francisco. CalHFA will use its access to Bank credit to fund a portfolio of Fannie Mae and Ginnie Mae mortgage-backed securities composed of loans it has originated for low- to moderate-income homebuyers.

May 6, 2016

Underserved Communities in Los Angeles and other West Coast Cities to Receive $40 Million from FHLBank San Francisco to Create New Job Opportunities

The Bank held a seminar in Los Angeles to explore best practices for creating quality jobs and small business expansion in underserved West Coast communities as part of its $40 million initiative to support programs that use innovative strategies to enhance the income- and wealth-building potential of working families. Rep. Maxine Waters (CA-43) addressed the participants on best practices for wealth-building.

April 27, 2016

Greg Seibly Named President and Chief Executive Officer

The Federal Home Loan Bank of San Francisco's board of directors has named Greg Seibly President and Chief Executive Officer, effective May 12, 2016. He will succeed current President and Chief Executive Officer Dean Schultz, who previously announced his retirement.

March 10, 2016

FHLBank San Francisco to Direct $40 Million to Create New Job Opportunities in Underserved Communities in Arizona, California, and Nevada

The Bank announced a $40 million initiative that will fund innovative programs to enhance the income and wealth-building potential of working families and help generate future homebuyers in underserved communities in Arizona, California, and Nevada. To help structure the initiative, the Bank is holding a series of roundtable discussions in Las Vegas, Phoenix, Sacramento, San Francisco, and Los Angeles.

February 4, 2016

Three Named to AHAC; Four Members Reappointed

The Bank is pleased to announce the following appointments to its Affordable Housing Advisory Council (AHAC): David Adame, Diana Yazzie Devine, and Elizabeth Moore. The Bank also reappointed four current members: Jasmine Borrego, Donald S. Falk, Dean Matsubayashi, and Douglas Shoemaker. The 15-member AHAC provides the Bank with expert guidance on affordable housing and economic development issues and helps shape its community grant and credit programs.

2015

November 19, 2015

2015 Director Elections

The Federal Home Loan Bank of San Francisco announced today the results of its 2015 director elections. The Bank’s members re-elected Kevin Murray to a nonmember independent director position. The Bank’s California members also re-elected Craig G. Blunden as a California member director. Mr. Blunden is Chairman and Chief Executive Officer of Provident Savings Bank, FSB, Riverside, California.

April 9, 2015

FHLBank San Francisco Allocates $9 Million to Fund Matching Grants for First-Time Homebuyers

The Bank has allocated $9 million to its 2015 Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) first-time homebuyer programs, with $7.1 million in WISH funds and $1.9 million in IDEA funds awarded to 28 member financial institutions to help low- to moderate-income families and individuals buy a home.

2014

November 20, 2014

FHLBank San Francisco Announces 2014 Director Election Results

In the 2014 director elections, the Bank’s members re-elected Scott C. Syphax as a public interest nonmember independent director, the Bank’s Arizona members elected Brian M. Riley as an Arizona member director, and the Bank’s California members re-elected John F. Robinson as a California member director.

April 3, 2014

FHLBank San Francisco Allocates $9 Million to Fund Matching Grants for First-Time Homebuyers

The Bank has allocated $9 million to its 2014 Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) first-time homebuyer programs, with $7.4 million in WISH funds and $1.6 million in IDEA funds awarded to 25 member financial institutions to help low- to moderate-income families and individuals buy a home.

2013

November 7, 2013

FHLBank San Francisco Announces 2013 Director Election Results

In the 2013 director election, the Bank’s members re-elected John F. Luikart and John T. Wasley to nonmember independent director positions, and the Bank’s California members re-elected Douglas (Tad) Lowrey and elected Steven R. Gardner as California member directors.

October 2, 2013

FHLBank San Francisco Rejoins MPF Program

The Bank announced that it is renewing its participation in the Mortgage Partnership Finance® (MPF®) Program. Starting in 2014, the Bank will begin purchasing conventional, conforming, fixed rate mortgage loans and FHA/VA-insured mortgage loans from members for its own portfolio and will also facilitate the purchase of member-originated fixed rate mortgage loans for concurrent sale to Fannie Mae.

August 6, 2013

FHLBank San Francisco Awards $56.6 Million in Grants for Affordable Housing in Nine States

The Bank awarded $56.6 million in AHP grants to 94 affordable housing projects in its 2013 funding competition. The grants, awarded through 26 participating Bank members, will produce or preserve 5,733 units of housing affordable to lower-income individuals and families in Arizona, California, Florida, Maine, Nevada, Ohio, Pennsylvania, Texas, and Washington.

April 2, 2013

FHLBank San Francisco Allocates $10 Million for First-Time Homebuyer Matching Grant Programs

The Bank has allocated $10 million to its 2013 Workforce Initiative Subsidy for Homeownership (WISH) and Individual Development and Empowerment Account (IDEA) first-time homebuyer programs. The Bank awarded $7.8 million in WISH funds and $2.2 million in IDEA funds to 27 member financial institutions to help low- to moderate-income families and individuals buy a home in Arizona, California, Nevada, and other states where Bank members do business.

February 20, 2013

FHLBank San Francisco Announces $35 million in Housing Grants; Rep. Brad Sherman Accepts Award for Supporting Affordable Housing and Preserving Homeownership

At a ceremony in Canoga Park, the Bank announced that it awarded $35 million in Affordable Housing Program grants in 2012, funding that will support 72 projects in 11 states. Rep. Brad Sherman (D-San Fernando Valley) announced the grants and received FHLBank San Francisco’s prestigious “Friend of Affordable Housing Award” for his efforts to expand housing opportunities for working families during his time in Congress.

January 29, 2013

FHLBank San Francisco Board of Directors Appoints Donald Falk to Affordable Housing Advisory Council

The Bank's Board of Directors appointed Donald Falk to our Affordable Housing Advisory Council, which provides guidance on affordable housing and economic development issues and helps shape the Bank’s community investment grant programs and credit products. Mr. Falk is Executive Director of Tenderloin Neighborhood Development Corporation, a nonprofit organization providing affordable housing and supportive services to low-income individuals and families in San Francisco.

2012

September 4, 2012

FHLBank San Francisco Awards $1 Million in Grants for Economic Development and Housing in Arizona, California, and Nevada

The Federal Home Loan Bank of San Francisco announced today that it has awarded $1 million in grants through its Access to Housing and Economic Assistance for Development (AHEAD) Program. The grants, which are made through the Bank’s member financial institutions, will be used by nonprofit organizations in Arizona, California, and Nevada for projects and programs that foster economic development and promote community stability and self-sufficiency.

June 26, 2012

FHLBank San Francisco Awards $16.5 Million in Grants for Affordable Housing

The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) awarded $16.5 million in Affordable Housing Program (AHP) grants in the first round of its 2012 AHP funding competition. The grants were awarded through 20 Bank members to 34 projects that will produce or preserve 1,573 units of housing affordable to lower-income individuals and families in Arizona, California, Colorado, Idaho, and Illinois.

June 19, 2012

Low Income Investment Fund Joins FHLBank San Francisco

As a member of the Bank, LIIF will have access to short- and long-term credit to meet funding needs, reduce financing costs, manage liquidity, and help mitigate interest rate risk, enabling it to expand its capacity to promote economic growth and stability in low-income communities.