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Bulletins and Notices
Bulletin No. 1520 | January 27, 2017

Apply Now for 2017 Affordable Housing Program Grants

To Members and Interested Community Groups:

The Affordable Housing Program (AHP) is central to the Federal Home Loan Bank of San Francisco’s mission of expanding access to housing and our commitment to providing resources that shape strong communities. By participating in the AHP, our members and their development partners play a vital role in creating rental and homeownership opportunities that offer lower-income families and individuals a safe plafce to call home. I am pleased to announce the opening of our 2017 funding competition.

Only members of the Bank may submit AHP applications. We invite affordable housing developers to reach out to us to connect with Bank members active in our AHP. Application materials are now available on our website, and all applications must be submitted electronically via the Bank’s secure portal.

Deadlines:
Tuesday, February 28, 5:00 pm Pacific Time: Deadline to request a project application workspace on the secure portal.
Monday, March 6, 5:00 pm Pacific Time: Deadline to submit an application for funding in the 2017 AHP competition.

Each year, we fund our AHP with 10% of the Bank’s net income from the prior year. In the Bank's 2016 AHP competition, we awarded $76 million to support 85 projects; details about projects that have won subsidies in the past are available on our website. Since 1990, the Bank has awarded over $880 million in AHP grants to help Bank members and their partners create more than 120,000 units of quality affordable housing targeted to low- and moderate-income households in Arizona, California, Nevada, and other regions served by our members.

The AHP is a valuable benefit of Bank membership and an important tool that you can use to make a difference in your communities. We look forward to your participation in our 2017 competition.

For more information, please email the Community Investment Department or call (415) 616-2542.

Sincerely,

Greg Seibly
President and Chief Executive Officer