Results for "2022"

Mon. Sep 26, 2022

FHLBank San Francisco Awards $1.5 Million in Grants to Bring Greater Opportunities to Underserved Communities

SAN FRANCISCO, Sept. 27, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded $1.5 million in AHEAD economic development grants to help 55 local organizations boost economic opportunity in underserved communities in Arizona, California, and Nevada. The grants, delivered through FHLBank San Francisco member financial institutions, are aimed at advancing innovative economic and community development initiatives that bring greater opportunity to underserved populations. “Today’s ...
Wed. Aug 3, 2022

Ana E. Fonseca to Join FHLBank San Francisco Board of Directors

SAN FRANCISCO, August 3, 2022 – The board of directors of the Federal Home Loan Bank of San Francisco has selected Ana E. Fonseca to fill a California member director vacancy on the board beginning July 28, 2022. Ms. Fonseca is president and chief executive officer of Logix Federal Credit Union, Valencia, California. The term of this seat ends December 31, 2023. Ms. Fonseca replaces Shruti Miyashiro, who resigned from ...
Thu. Jul 28, 2022

Bank Announces Second Quarter 2022 Operating Results

SAN FRANCISCO, July 28, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the second quarter of 2022. Net income for the second quarter of 2022 was $48 million, a decline of $7 million compared with net income of $55 million for the second quarter of 2021. The $7 million decrease in net income relative to the prior-year period was primarily attributable ...
Tue. Jul 26, 2022

More than 2,700 Affordable Housing Units to Be Created with $31.9 Million in FHLBank San Francisco AHP Grants

SAN FRANCISCO, July 26, 2022 – The Federal Home Loan Bank of San Francisco today announced $31.9 million in Affordable Housing Program (AHP) grants for 39 projects that will help preserve and facilitate the development of 2,712 affordable housing units for lower-income families and individuals throughout the Bank’s three-state district of Arizona, California, and Nevada. “The lack of affordable housing has been a growing concern in our region and recent ...
Mon. Jul 18, 2022

Teresa Bryce Bazemore Named One of Savoy Magazine’s 2022 Most Influential Black Executives in Corporate America

SAN FRANCISCO, July 18, 2022 — Federal Home Loan Bank of San Francisco (FHLBank San Francisco) president and CEO Teresa Bryce Bazemore has been named one of Savoy magazine’s 2022 Most Influential Black Executives in Corporate America. The annual listing showcases African American executives, influencers and achievers who demonstrate an exemplary record of accomplishments and influence while working to better their community and inspire others. The honorees will be recognized ...
Tue. Jun 28, 2022

FHLBank San Francisco Expands Diversity and Inclusion Education for Executives Through eCornell

SAN FRANCISCO, June 28, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is collaborating with eCornell, Cornell University’s external education unit, in a concerted effort to advance the Bank’s commitment to diversity and inclusion. Through eCornell’s expert-led Diversity and Inclusion Certificate program, the Bank’s executive leadership team is expanding their knowledge, skills, and professional toolbox, broadening their awareness and setting the stage for greater workplace ...
Fri. Jun 17, 2022

Blog Post: FHLBank San Francisco Joins Affordable Housing Roundtable with US HUD Secretary Marcia Fudge

FHLBank San Francisco President and CEO Teresa Bryce Bazemore joined U.S. Secretary of Housing and Urban Development Marcia Fudge and representatives from Mayors and CEOs for U.S. Housing Investment at a recent roundtable discussion focusing on the affordable housing crisis. Held Sunday, June 4, in Reno to coincide with the 90th Annual Meeting of the U.S. Conference of Mayors, the independent event drew public and private sector leaders into an ...
Tue. Jun 7, 2022

FHLBank San Francisco Helps Make Homeownership a Reality for First-Time Buyers with Matching Grant Program

SAN FRANCISCO, June 7, 2022 – FHLBank San Francisco is making $11.1 million available to fund its WISH homeownership matching grant program. In 2022, 43 FHLBank San Francisco member financial institutions headquartered in Arizona, California, and Nevada, are participating to assist eligible low- to moderate-income first-time homebuyers who can receive up to $22,000 in downpayment assistance. To expand access to quality affordable and sustainable housing, WISH offers downpayment and closing ...
Thu. Apr 28, 2022

FHLBank San Francisco Director Scott Syphax Named to NACD Directorship 100™

SAN FRANCISCO, April 28, 2022 — Federal Home Loan Bank of San Francisco (FHLBank San Francisco) congratulates director Scott Syphax on being named to the 2022 NACD Directorship 100™ list, an annual recognition of influential peer-nominated directors and governance professionals by the National Association of Corporate Directors. Syphax joined the Board of Directors of FHLBank San Francisco in 2002 and was vice chair of the board from 2010 to 2012 ...
Wed. Apr 27, 2022

Bank Announces First Quarter 2022 Operating Results

SAN FRANCISCO, April 28, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2022. Net income for the first quarter of 2022 was $78 million, a decline of $16 million compared with net income of $94 million for the first quarter of 2021. The $16 million decrease in net income relative to the prior-year period was primarily attributable ...
Thu. Apr 14, 2022

Blog Post: National Fair Housing Month is Back - Have We Made Progress?

This April is National Fair Housing Month and marks 54 years since the passage of the Fair Housing Act, which banned racial discrimination in home sales and lending. With the entire month devoted to fair housing, there is no time like the present to consider the progress made and, perhaps more importantly, the work that remains. The homeownership gap between Black and white families has persisted and even increased in ...
Thu. Apr 14, 2022

FHLBank San Francisco President Backs Federal Action Allowing Expanded Role for FHLBanks in Supporting Local Infrastructure Spending

LOS ANGELES, April 14, 2022 – Federal Home Loan Bank of San Francisco President and CEO Teresa Bryce Bazemore wants Congress and regulators to allow Federal Home Loan Banks (FHLBanks) to help communities maximize spending from the $1.2 trillion Infrastructure Investment and Jobs Act. Appearing with Rep. Maxine Waters (D-CA), Bazemore made her comments at the 20th Annual Mayoral Housing, Transportation & Jobs Summit. At the event on Wednesday, Bazemore ...
Wed. Apr 13, 2022

Announcement: AHEAD 2022 Applications and Webinar Registration Now Available

FHLBank San Francisco is now accepting applications for our 2022 AHEAD Program grants. The deadline for members to submit applications is June 2, 2022. Applications are available now and must be submitted through the Bank’s secure portal. The deadline to request a project application workspace on the secure portal is May 27, 2022. AHEAD Program Webinars: Register Today We invite you to join us for an informational webinar to learn ...
Tue. Mar 8, 2022

FHLBank San Francisco Grants $500,000 to Nevada Housing Coalition to Build Capacity Statewide for Affordable Housing Development

SAN FRANCISCO / LAS VEGAS, March 8, 2022 — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded a $500,000 grant to Nevada Housing Coalition. The funds will be used to build up development resources in the state, grow its affordable housing ecosystem, and better position Nevada to secure and deploy affordable housing dollars from a variety of existing and new sources. The grant will support ...
Tue. Mar 1, 2022

Bank Announces $1 Million Matching Grant Program Aimed at Narrowing the Black Homeownership Gap by Expanding Access to Expert Housing Counseling Services

SAN FRANCISCO – March 1, 2022 – The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is making $1 million available to help expand the capacity of HUD-approved housing counseling agencies to serve more aspiring and at-risk homeowners in communities of color. The Empowering Black Homeownership grant program is a key component of FHLBank San Francisco’s commitment to advancing racial equity in homeownership and narrowing the Black homeownership ...
Wed. Feb 16, 2022

Bank Announces Annual and Fourth Quarter 2021 Operating Results

SAN FRANCISCO, February 16, 2022 — The Federal Home Loan Bank of San Francisco (Bank) today announced its 2021 operating results. Net income for 2021 was $287 million, compared with net income of $335 million for 2020. Net income for the fourth quarter of 2021 was $67 million, compared with net income of $94 million for the fourth quarter of 2020. Net income of $287 million in 2021 declined $48 ...
Thu. Jan 27, 2022

Accepting Applications: 2022 Affordable Housing Program

We are excited to announce that we are now accepting applications for the Federal Home Loan Bank of San Francisco's 2022 Affordable Housing Program (AHP) General Fund. The deadline to submit an application for funding in the 2022 AHP funding competition is March 10, 2022. Apply to participate in the 2022 AHP General Fund competition. Our Affordable Housing Program is central to the Bank’s mission of expanding access to housing ...
Tue. Jan 25, 2022

FHLBank San Francisco Names Nikki A. Beasley and Erin Rank to Affordable Housing Advisory Council and Reappoints Five Current Members

SAN FRANCISCO – January 25, 2022 – The Federal Home Loan Bank of San Francisco is pleased to announce the appointment of Nikki Beasley and Erin Rank to its Affordable Housing Advisory Council (Advisory Council) and the reappointment of five current members to new three-year terms. The Advisory Council provides the Bank with expert guidance on affordable housing and economic development issues and advice on FHLBank San Francisco’s community grant ...
Mon. Jan 24, 2022

Community Support Programs: Resources and Tools for Housing and Economic Development

The Bank offers valuable resources and tools to help our members and their community partners build and shape strong, vibrant, and resilient communities. We encourage you to learn more about the support we provide for affordable housing, first-time homebuyers, economic development initiatives, and targeted community lending in Arizona, California, Nevada, and other regions our members serve. Affordable Housing Program (AHP): AHP General Fund and First Time Homebuyer Program Each year ...
Wed. Jan 19, 2022

Accepting Applications: 2022 WISH Homeownership Program

We are excited to announce that we are now accepting applications for the Federal Home Loan Bank of San Francisco's 2022 WISH first-time homebuyer downpayment assistance program. The deadline for members to submit an application to participate in this year’s WISH program is Wednesday, February 16, 2022. Apply to participate in the 2022 WISH homeownership program. Our WISH matching grant program is designed to offer the Bank's member financial institutions ...
Wed. Jan 5, 2022

FHLBank San Francisco Announces Chair and Vice Chair of the Board of Directors

SAN FRANCISCO – January 5, 2022 – The Board of Directors of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has elected California member director Simone Lagomarsino as Chair and independent director F. Daniel Siciliano as Vice Chair. Simone Lagomarsino has been president and chief executive officer of Luther Burbank Savings, Santa Rosa, California, since January 2019. She has been a member director since January 1, 2013 ...