Federal Home Loan Bank of San Francisco Home Contact SiteMap Terms of Use Privacy Policy Login
  
Community Investment
Community Investment
bullet Grant Programs
  bullet AHP
  bullet IDEA
  bullet WISH
    bullet Program Profile
    bullet Grant Recipients
    bullet FAQ
  bullet AHEAD
bullet Credit Programs
bullet Initiatives
bullet Applications
bullet Procedures

Workforce Initiative Subsidy for Homeownership (WISH) Program

The Workforce Initiative Subsidy for Homeownership (WISH) Program provides matching grants to qualified first-time homebuyers through our members.

  • Only Bank members may submit applications.
  • The household income of the homebuyer at the time of enrollment in the WISH program is 80% or less of the HUD area median income.
  • Participants must complete a homebuyer counseling program.
  • Under the WISH Program, the Bank will provide up to $15,000 per household, matching up to $3 for every dollar contributed by the homebuyer toward the purchase of the home.
The WISH Program can complement or supplement a myriad of state, local, and federal homeownership programs and initiatives, including the FHA Streamlined Section 203(k) rehabilitation progam, which allows a homebuyer to finance up to $35,000 for both the purchase and of minor upgrades and repairs of a single-family property.

More Information


The AHP Implementation Plan (PDF) explains the Bank's guidelines for this homeownership set-aside program. Participation in the WISH Program requires compliance with all WISH policies, procedures, regulations, and obligations. Noncompliance may subject awards to cancellation and/or repayment of WISH funds. 
 
The AHP regulation requires that AHP-assisted owner-occupied units be subject to a deed restriction or other legally enforceable retention agreement. The sample AHP Promissory Note (.doc) and Rider to Deed of Trust (.doc) for the Homeownership Set-Aside Programs (IDEA and WISH) may be used to prepare the AHP retention documents. These forms are provided only as guides when preparing a note and rider to the deed of trust for owner-occupied units. These documents address the minimum retention requirements of the AHP Regulation only.  The rider is a document designed to be attached to a member's deed of trust and recorded with the deed of trust. The Federal Home Loan Bank of San Francisco makes no representation or warranty that a court will enforce these form documents in accordance with applicable state law.  We strongly recommend that each member have its counsel review the documents to address any state law requirements, including but not limited to consumer credit laws, notary requirements, usury laws, recording procedures and requirements, and requirements for mortgage states. The final note and rider to the deed of trust must meet the requirements of your jurisdiction.

For Consumers

Are you a consumer looking for homeownership opportunities?




Federal Home Loan Bank of San Francisco

Workforce Initiative Subsidy for Homeownership (WISH) Program

The Workforce Initiative Subsidy for Homeownership (WISH) Program provides matching grants to qualified first-time homebuyers through our members.

The WISH Program can complement or supplement a myriad of state, local, and federal homeownership programs and initiatives, including the FHA Streamlined Section 203(k) rehabilitation progam, which allows a homebuyer to finance up to $35,000 for both the purchase and of minor upgrades and repairs of a single-family property.

More Information


The AHP Implementation Plan (PDF) explains the Bank's guidelines for this homeownership set-aside program. Participation in the WISH Program requires compliance with all WISH policies, procedures, regulations, and obligations. Noncompliance may subject awards to cancellation and/or repayment of WISH funds. 
 
The AHP regulation requires that AHP-assisted owner-occupied units be subject to a deed restriction or other legally enforceable retention agreement. The sample AHP Promissory Note (.doc) and Rider to Deed of Trust (.doc) for the Homeownership Set-Aside Programs (IDEA and WISH) may be used to prepare the AHP retention documents. These forms are provided only as guides when preparing a note and rider to the deed of trust for owner-occupied units. These documents address the minimum retention requirements of the AHP Regulation only.  The rider is a document designed to be attached to a member's deed of trust and recorded with the deed of trust. The Federal Home Loan Bank of San Francisco makes no representation or warranty that a court will enforce these form documents in accordance with applicable state law.  We strongly recommend that each member have its counsel review the documents to address any state law requirements, including but not limited to consumer credit laws, notary requirements, usury laws, recording procedures and requirements, and requirements for mortgage states. The final note and rider to the deed of trust must meet the requirements of your jurisdiction.

For Consumers

Are you a consumer looking for homeownership opportunities?


© 2000-2010 Federal Home Loan Bank of San Francisco