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

SAN FRANCISCO – January 29, 2013 – The Board of Directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is pleased to announce the appointment of Donald Falk to its Affordable Housing Advisory Council (AHAC). The Bank’s 15-member AHAC provides expert guidance on affordable housing and economic development issues and helps shape the Bank’s community investment grant programs and credit products.

Donald Falk is Executive Director of Tenderloin Neighborhood Development Corporation (TNDC), a nonprofit housing organization that has been providing affordable housing and life-enhancing supportive services to low-income individuals and families in San Francisco’s Tenderloin and adjacent neighborhoods for over 25 years. He began his tenure as Executive Director in October 2005. Previously, he served as TNDC’s Director of Housing Development for 11 years, playing a principal role in guiding the organization through a period of significant growth as its portfolio of properties increased from 9 to 23 buildings.

Donald Falk is the newest member of the Bank's Affordable Housing Advisory Council.

Mr. Falk holds an M.A. in Public Policy from the University of California, Berkeley, and earned a B.A. with honors in Economics and Urban Studies from Oberlin College. Mr. Falk served for seven years on the Board of Directors of the Nonprofit Housing Association of Northern California and is currently a member of the Enterprise Network Advisory Board and the San Francisco Planning + Urban Research Association Housing Policy Task Force.

“For several decades, Don has been a tireless advocate for just and affordable housing and a leading developer of such housing in the San Francisco Bay Area,” said Jim Yacenda, Vice President and Community Investment Officer at FHLBank San Francisco. “He works not only to house those most in need, but also to serve and enrich their lives. As an active user of our Affordable Housing Program, his experience and insight will be invaluable to the Bank, its Board of Directors, and his fellow Advisory Council members.”

About the Federal Home Loan Bank of San Francisco

The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgages to people of all income levels and provide credit that supports neighborhoods and communities. The Bank also funds community programs that help members create affordable housing and promote community economic development. The Bank’s members are headquartered in Arizona, California, and Nevada and include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions.

Contact:

Mary Long, 415-616-2556
longm@fhlbsf.com