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Special Attention Bulletin

August 29, 2008
Bulletin No. 1293

Revised Affordable Housing Program Implementation Plan

To All Members and Project Sponsors:

We have revised our Affordable Housing Program (AHP) Implementation Plan. The following key changes are effective as of AHP Round B 2008:

Financial Review Guidelines (Attachment A, Page 19)

With respect to the Feasibility Analysis and Need for Subsidy Standards, revises the annual per-unit benchmarks for operating cost and replacement reserves.

Scoring Guidelines (Attachment B, Pages 25-26)

With respect to the Scoring Guidelines, amends the Homeless Housing scoring criterion to clarify the Bank’s definition of a homeless household and the documentation requirements for compliance monitoring.

The revised plan is posted on the Bank’s website at fhlbsf.com/ci/applications/ahp/imp_plan.pdf.

If you have any questions about the AHP or the revised plan, please call the Community Investment Department at (415) 616 2542.

Sincerely,

James E. Yacenda
Vice President and Community Investment Officer

Special Attention Bulletin

August 29, 2008
Bulletin No. 1293

Revised Affordable Housing Program Implementation Plan

To All Members and Project Sponsors:

We have revised our Affordable Housing Program (AHP) Implementation Plan. The following key changes are effective as of AHP Round B 2008:

Financial Review Guidelines (Attachment A, Page 19)

With respect to the Feasibility Analysis and Need for Subsidy Standards, revises the annual per-unit benchmarks for operating cost and replacement reserves.

Scoring Guidelines (Attachment B, Pages 25-26)

With respect to the Scoring Guidelines, amends the Homeless Housing scoring criterion to clarify the Bank’s definition of a homeless household and the documentation requirements for compliance monitoring.

The revised plan is posted on the Bank’s website at fhlbsf.com/ci/applications/ahp/imp_plan.pdf.

If you have any questions about the AHP or the revised plan, please call the Community Investment Department at (415) 616 2542.

Sincerely,

James E. Yacenda
Vice President and Community Investment Officer

© 2000-2008 Federal Home Loan Bank of San Francisco