To All Members and Project Sponsors:
We have revised our Affordable Housing Program (AHP) Implementation Plan. The following changes are effective immediately:
AHP Competitive Program: Member and Basic Project Eligibility (Section II.B, Pages 2-3)
- Increase the maximum subsidy a project may apply for from $1 million to $1.5 million.
- Increase the maximum subsidy a member may apply for in a single competitive round from $5 million to $6.5 million.
AHP Competitive Program: Scoring Guidelines, Attachment B (Subsidy per Unit, Pages 32-33)
- Amend the subsidy per unit scoring criterion by increasing the ranges for rental and owner-occupied projects.
The revised plan is posted on the Bank’s website at fhlbsf.com. If you have any questions about the AHP or the revised plan, please call the Community Investment Department at (415) 616-2542.
James E. Yacenda
Vice President and Community Investment Officer