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Bulletins and Notices
December 21, 2015

Affordable Housing Program (AHP) Implementation Plan Revisions and Clarifications

To All Members and Project Sponsors:

The 2016 AHP funding competition deadline is Monday, March 7, 2016.

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

Competitive AHP 

New Maximum Subsidy Amounts
The maximum subsidy a member may apply for in a single AHP funding competition has been increased from $10 million to $15 million. The maximum per-project subsidy request has been increased from $1.5 million to $2 million. 

Community Stability Scoring– Sustainable Developments
The Bank has revised its standards for awarding points under the GreenPoint rating program in the “Sustainable Developments” section of the Community Stability scoring criterion as follows:

  • One point for a GreenPoint rating of less than 80 points (was less than 100 points)
  • Two points for a GreenPoint rating of 80 to 109 points (was 100 to 124 points)
  • Three points for a GreenPoint rating equal to or greater than 110 points (was equal to or greater than 125 points)

Disbursement Requests: Clarifications to Existing Policy or Procedures

  • Disbursement requests that cannot be processed within 45 calendar days of the Bank’s receipt of the request because of incomplete or missing information, may (changed from “will”) be returned to the member for resubmission at a later time.

Homeownership Set-Aside Programs

New Maximum Reservation Request
Members may apply for a combined maximum reservation of funds of up to $4 million from the IDEA and WISH programs. This is an increase from the prior maximum of $1 million per program.

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, 2016. For questions about IP revisions, please email ahp@fhlbsf.com.


Sincerely,

 

Jim Yacenda
Vice President and Community Investment Officer