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Bulletins and Notices
Bulletin No. 1517 | December 21, 2016

Affordable Housing Program (AHP) Implementation Plan Revisions

To All Members and Project Sponsors:

The application deadline for the 2017 AHP funding competition is March 6, 2017.

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

Competitive AHP

Scoring:  In-District Projects
We have created a new three-point scoring category to award points to projects that create affordable housing within the Bank’s district, which is made up of Arizona, California, and Nevada.

Three points will be awarded to projects where all units are located in the Bank’s district. No partial points will be awarded. 

Scoring:  Nonprofit Sponsorship
To create the new In-District Projects scoring category, we decreased the Nonprofit Sponsorship scoring category by three points, from ten to seven. Within the category, the scoring element that gauges a nonprofit sponsor’s integral involvement in a project’s development activities has been eliminated for rental projects and decreased by three points for owner-occupied projects.

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, 2017. For questions about IP revisions, please email ahp@fhlbsf.com.

 

Sincerely,


Jim Yacenda
Vice President and Community Investment Officer