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Bulletin No. 1518 | January 10, 2017

2017 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 2017 homeownership programs—the Workforce Initiative Subsidy for Homeownership (WISH) Program and the Individual Development and Empowerment Account (IDEA) Program. The application deadline is February 8, 2017.

Both 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. Grant funds can be applied to the homebuyer’s downpayment and closing costs, which are often the most significant barriers to homeownership.

The funding for WISH and IDEA is set aside each year from the Bank’s annual AHP contribution and made available to the homebuyer through our member financial institutions. These programs provide an opportunity for our members to support affordable, sustainable homeownership for first-time homebuyers while achieving community investment goals.

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

Only members of the Bank may apply for WISH and IDEA funds. The maximum reservation request per member is a combined $4 million for the two programs. Members are advised to base the amount of their request on the number of eligible homebuyers who are expected to close or be in escrow on a home purchase by March 31, 2018, since all funds allocated in 2017 must be used by that date. We expect to notify members of the allocations by March 31, 2017.

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


Greg Seibly
President and Chief Executive Officer