To All Members and Project Sponsors:
We have revised our Affordable Housing Program (AHP) Implementation Plan. The following changes are effective as of December 2, 2011:
Added language expanding eligibility guidelines for the Individual Development and Empowerment Account (IDEA) Program to include household participation in lease-to-own programs that support retention of foreclosed homes for low- and moderate-income families.
The revised AHP Implementation Plan is posted on the Bank’s website. If you have any questions about the AHP or the revised IP, please email Community Investment or call (415) 616-2542.
James E. Yacenda
Vice President and Community Investment Officer