To All Members and Project Sponsors:
The deadline to submit applications for the 2015 AHP funding competition is March 9, 2015.
The following changes to the AHP Implementation Plan are effective immediately:
Definition of “Project”
A project, for AHP purposes, may consist of one or more structures as long as all of the residential units in the structure(s) are included in the total project units. Units may not be segregated within one or more structures and be designated as separate projects.
Projects with identical scores will be ranked in descending order by the highest percentage of committed sources of funds (measured in dollars) over total sources of funds.
Multiple Applications for AHP Subsidy
Members and project sponsors of incomplete projects with existing AHP awards from another FHLBank may not submit a new application to FHLBank San Francisco unless existing subsidies are canceled and any previously disbursed subsidies are repaid.
Changes to the Feasibility Benchmarks
Clarifications to Existing Policy or Procedure
The revised AHP Implementation Plan is posted on the Bank’s website. A redline version of the IP will be available online until March 31, 2015. For questions about IP revisions, please email email@example.com.
Vice President and Community Investment Officer