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Affordable Housing Program
The Affordable Housing Program provides grants and subsidized loans to support affordable rental housing and homeownership opportunities.
Each year, we set aside 10% of the Bank’s net income to fund affordable housing for very low-, low-, and moderate-income households. The majority of the subsidy is made available through a competitive application program, the Affordable Housing Program (AHP). A portion of the funds are allocated to the Bank’s homeownership set-aside programs, the Homeownership Preservation Subsidy (HPS) pilot program, the Individual Development and Empowerment Account (IDEA) Program and the Workforce Initiative Subsidy for Homeownership (WISH) Program.
Since 1990, we have awarded $496 million in Affordable Housing Program grants to support the development, rehabilitation, or purchase of over 85,000 affordable homes in Arizona, California, Nevada, and other localities served by our member financial institutions.
To Apply for AHP
We hold AHP funding competitions twice a year, with deadlines in April and October. Grants are often used to fill a gap in available financing. AHP funds may also be used to:
- acquire, construct, or rehabilitate rental housing
- provide homebuyer downpayment or closing cost assistance
- cover the cost of homebuyer pre- or post-purchase counseling
Only Bank members may submit AHP applications. Interested affordable housing developers are encouraged to contact Bank members early in their planning process to obtain sponsorship.
View AHP application materials.
View the AHP Application Workshop presentation.
More Information
The AHP Implementation Plan (PDF) explains the Bank's guidelines for the AHP. Participation in the AHP requires compliance with all AHP policies, regulations, obligations, and procedures. Noncompliance with the AHP may subject an award to cancellation and/or repayment of AHP funds. The Bank monitors all AHP-funded projects, including at time of application, funding, post-completion, and long-term monitoring phases, to ensure that the AHP funds are needed and used appropriately.
View the AHP regulations, technical amendments, and questions and answers regarding the AHP regulation. Within the Code of Federal Regulations database, select "Search the entire set of CFR databases by keyword," and in the Quick Search box, type 12cfr951. All citations to the AHP regulation will be retrieved from the CFR database.
For Consumers
Are you a consumer looking for housing opportunities?
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Affordable Housing Program
The Affordable Housing Program provides grants and subsidized loans to support affordable rental housing and homeownership opportunities.
Each year, we set aside 10% of the Bank’s net income to fund affordable housing for very low-, low-, and moderate-income households. The majority of the subsidy is made available through a competitive application program, the Affordable Housing Program (
AHP). A portion of the funds are allocated to the Bank’s homeownership set-aside programs, the Homeownership Preservation Subsidy (
HPS) pilot program, the Individual Development and Empowerment Account (
IDEA) Program and the Workforce Initiative Subsidy for Homeownership (
WISH) Program.
Since 1990, we have awarded $496 million in Affordable Housing Program grants to support the development, rehabilitation, or purchase of over 85,000 affordable homes in Arizona, California, Nevada, and other localities served by our member financial institutions.
To Apply for AHP
We hold AHP funding competitions twice a year, with deadlines in April and October. Grants are often used to fill a gap in available financing. AHP funds may also be used to:
- acquire, construct, or rehabilitate rental housing
- provide homebuyer downpayment or closing cost assistance
- cover the cost of homebuyer pre- or post-purchase counseling
Only Bank members may submit AHP applications. Interested affordable housing developers are encouraged to contact Bank members early in their planning process to obtain sponsorship.
View AHP application materials.
View the AHP Application Workshop
presentation.
More Information
The
AHP Implementation Plan (PDF) explains the Bank's guidelines for the AHP. Participation in the AHP requires compliance with all AHP policies, regulations, obligations, and procedures. Noncompliance with the AHP may subject an award to cancellation and/or repayment of AHP funds. The Bank monitors all AHP-funded projects, including at time of application, funding, post-completion, and long-term monitoring phases, to ensure that the AHP funds are needed and used appropriately.
View the
AHP regulations, technical amendments, and questions and answers regarding the AHP regulation. Within the Code of Federal Regulations database, select "Search the entire set of CFR databases by keyword," and in the Quick Search box, type 12cfr951. All citations to the AHP regulation will be retrieved from the CFR database.
For Consumers
Are you a consumer looking for
housing opportunities?
© 2000-2008 Federal Home Loan Bank of San Francisco
AHP