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Bulletins and Notices
Bulletin No. 1466 | January 13, 2015

2015 WISH and IDEA Homeownership Programs

To All Members and Interested Community Groups:

I am pleased to announce the start of the application period for the Federal Home Loan Bank of San Francisco’s 2015 Affordable Housing Program (AHP) set-aside homeownership programs—the Workforce Initiative Subsidy for Homeownership (WISH) Program and the Individual Development and Empowerment Account (IDEA) Program. Applications must be submitted by February 6.

The WISH and IDEA first-time homebuyer programs offer eligible low- to moderate-income households 3-to-1 matching grants of up to $15,000 for the purchase of a home. The funds for these grants are set aside each year from the Bank’s annual AHP contribution and made available through our member financial institutions. Grants can be used for downpayment and closing costs.

Members of the Bank may apply to reserve up to $1 million in funds for each program. Only Bank members may apply. We expect to notify members of the awards by March 31, 2015. All funds allocated in 2015 must be used by March 31, 2016.

Both programs offer Bank members an opportunity to promote affordable and sustainable homeownership for first-time homebuyers while achieving community investment goals.

  • WISH grants are targeted to working families and individuals who are ready to make the transition from renting to owning. WISH can complement or supplement a number of local, state, and federal homeownership programs and initiatives.
  • IDEA grants are targeted to homebuyers who have been saving for the purchase of their first home through an Individual Development Account (IDA) or participating in their local housing authority’s Family Self-Sufficiency (FSS) homeownership program or in a lease-to-own program administered by a government entity or nonprofit organization.   

Applications and related program materials are available at For additional information, please email the Community Investment Department or call (415) 616-2542.


Dean Schultz
President and Chief Executive Officer