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Bulletins and Notices
Notice No. 0011 | October 25, 2010

AHP Compliance Training Requirement

Understanding regulatory requirements and the Bank’s monitoring policies and procedures for the Affordable Housing Program (AHP) is key to maintaining an AHP project subsidy. To aid our AHP participants in understanding and complying with these requirements, the Bank offers training and technical assistance throughout the life of an AHP project.

As of January 1, 2011, all grant recipients with undisbursed subsidy must complete one of the training options listed below. The training must be completed before the next disbursement request, but not more than one year prior to that request.

  • 30-minute introductory Compliance Webinar (these online training workshops will be offered quarterly)
  • Technical assistance call with a member of our Compliance Department staff (individual phone sessions will be available on-demand throughout the year)

At least one representative from the member and one from the project sponsor will be required to complete the Compliance Webinar or the technical assistance call.

Please email the Community Investment Department or call (415) 616-2542 if you have any questions about this new policy.

Sincerely,

 

James E. Yacenda
Vice President and Community Investment Officer