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Bulletins and Notices
Bulletin No. 1421 | January 9, 2013

2013 WISH and IDEA Homeownership Programs

To All Members and Interested Community Groups:

I am pleased to announce the start of the application period for the Federal Home Loan Bank of San Francisco’s 2013 Affordable Housing Program (AHP) set-aside homeownership programs—the Workforce Initiative Subsidy for Homeownership (WISH) Program and the Individual Development and Empowerment Account (IDEA) Program. The 2013 application window opens on January 11 and closes on February 11.

The WISH and IDEA first-time homebuyer programs offer up to $15,000 to eligible low- to moderate-income households, matching $3 for every dollar contributed by the homebuyer. The funds for these matching grants are set aside each year from the Bank’s annual AHP contribution and made available through our member financial institutions. Grants can be used for downpayment and closing costs.

Members of the Bank may apply to reserve up to $1 million in funds for each program. Only Bank members may apply. We expect to notify members of the awards by March 31, 2013. All funds awarded in 2013 must be used by March 31, 2014, and members must submit disbursement requests with supporting documentation within two months of the date the home purchase closes. (Please note this is a change from the four-month requirement in 2012.)

Both programs offer Bank members a unique opportunity to promote affordable and sustainable homeownership for first-time homebuyers while achieving community investment goals.

  • WISH grants are targeted to working families and individuals who are ready to make the transition from renting to owning. WISH can complement or supplement a number of local, state, and federal homeownership programs and initiatives.
  • IDEA is directed at homebuyers who have been saving for the purchase of their first home through an Individual Development Account (IDA) or participating in their local housing authority’s Family Self-Sufficiency (FSS) homeownership program or in a lease-to-own program administered by a government entity or nonprofit organization.   

Applications and related program materials are available at For additional information, please email the Community Investment Department or call (415) 616-2542.



Dean Schultz
President and Chief Executive Officer