Member Login

Bulletins and Notices
January 12, 2016

2016 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 2016 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. The deadline for submitting applications via the Bank’s secure portal is February 4, 2016.

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, which can be applied to the downpayment or closing costs. 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.

Both programs offer Bank members an opportunity to promote affordable and sustainable homeownership 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.

Only Bank members may apply for WISH and IDEA funds. Members may apply to reserve up to a total combined maximum of $4 million in funds for the two programs. Members should base the amount of their reservation request on the number of eligible homebuyers who are expected to close or be in escrow on a home purchase by March 31, 2017, since all funds allocated in 2016 must be used by that date. We expect to notify members of the awards by March 31, 2016.

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