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Bulletins and Notices
December 14, 2018

Affordable Housing Program (AHP) Implementation Plan Revisions

The application deadline for the 2019 AHP funding competition is March 4, 2019.

The following changes to the Bank’s AHP Implementation Plan are effective immediately.

Definitions

Project (Section D. 2.)
We have revised the definition of "project" to clarify that for certain types of developments, including those considered to be part of a "hybrid" project by a state tax credit agency, the Bank may make an exception to the requirement that all residential units in a structure(s) be included in the "project”, provided that the units comprising the project requesting subsidy are financed and operated independently, and identified by a separate legal description.

Competitive AHP 

Maximum Per Project Subsidy Limit (Eligibility, Section B.2.d.)
We have decreased the maximum subsidy a project may request from $2 million to $1.5 million.

Scoring: Promotion of Empowerment (Attachment B, Scoring Guidelines, Section V.)
We have clarified the threshold requirements to receive points in the empowerment scoring category by clearly stating that services must be provided to all residents. 

The revised AHP Implementation Plan is posted on the Bank’s website. A redline version of the IP will be available online until January 31, 2019. For questions about IP revisions, please email ahp@fhlbsf.com.