To All Members and Project Sponsors:
We have revised our Affordable Housing Program (AHP) Implementation Plan. The following changes are effective immediately:
Scoring Guidelines (Attachment B, Page 23-34)
- Promotion of Empowerment: Decreases the points available under the Promotion of Empowerment scoring criterion, from 15 to 10. Rather than supplying answers to a list of questions, applicants may commit to provide two out of eight empowerment features. Each feature will be worth 5 points, with no partial credit possible.
- Project Readiness: Increases the points available under the Project Readiness scoring criterion, from 7 to 10; adjusts the allocation of points; and gives credit to projects without building permits if they can provide permit ready letters.
- Community Stability: Increases the points available under the Community Stability scoring criterion, from 13 to 15, by adding a question for projects featuring foreclosure recovery strategies.
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